Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
This week is a quite heavy with volatility risks, both in terms of data and events.
What to watch for over the coming days:
- Central banks:
Bank of Canada (BoC) will announce monetary policy decision on Wednesday. European Central Bank (ECB) will announce interest rate decision on Thursday. FOMC member Kashkari is scheduled to speak on Thursday.
- Key economic data:
Australia’s CPI inflation report will be released on Wednesday. UK’s third-quarter GDP numbers will be released on Wednesday. Japan’s Inflation report will be released on Thursday. U.S. third-quarter GDP report will be published on Friday.
- Geopolitics:
Catalonia’s regional parliament will convene on Thursday to decide further action. The Spanish government is expected to revoke Catalonia’s autonomy on Friday. Trump might announce his pick for next Fed chair this week.
- US earnings:
U.S. September S&P earnings season is set to continue this week with 189 companies reporting Q3 results. Big names include Alphabet, Microsoft, Amazon, Intel, Hasbro, Halliburton, Eli Lilly, United Technologies, Lockheed Martin, Boing, Ford, Chipotle and McDonald’s.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.
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