Global equity markets rounded out last week on a high, with indices across the globe hitting fresh record territory. Bulls will be hoping the momentum rolls on, but the week ahead looks busier on the macro front, with plenty of data drops, central bank updates, and geopolitical curveballs ready to keep traders on their toes.
Asian markets will be in the spotlight early, with both Australian and Chinese numbers front and centre. Chinese CPI over the weekend came in slightly firmer than expected, while PPI undershot – setting the tone for Monday’s open. US inflation data later in the week will be critical for shaping September Fed expectations, and we’ve got a string of FOMC speakers to add fuel to the fire.
Geopolitics is also bubbling in the background with a high-profile Trump–Putin meeting on the agenda, ensuring this week’s trading sessions could be anything but dull.
Key Risk Events
- RBA Interest Rate Decision – AUD
- US CPI Data – USD
- UK Employment Data – GBP
Monday – Quiet Start on Paper
Japanese markets will be closed for a holiday, trimming Asian liquidity. All eyes will be on China with New Loans data due. London and New York calendars are light, so unless weekend headlines shake things up, we could be in for a muted opening session.
Tuesday – Data Heat Builds
The RBA kicks off the Asian session with its latest interest rate decision. London traders get UK employment data, before German ZEW sentiment rolls out. The main event lands early in New York with US CPI – arguably the most important print of the week – followed by comments from Fed’s Thomas Barkin.
Wednesday – Australia Stays in Focus
Australia’s quarterly Wage Price Index takes the early slot, before a lighter run through Europe. In the US session, weekly oil inventories are due, with speeches from Fed’s Goolsbee and Bostic later in the day.
Thursday – Data-Heavy Again
The day starts in Asia with Australian employment figures. In Europe, UK GDP will be released before the US delivers PPI, weekly jobless claims, and more inflation-related indicators in the morning.
Friday – A Strong Finish
China will release industrial production and retail sales numbers in Asia, both key growth signals. European trade should be muted with French and Italian holidays, while the US will round out the week with retail sales, Empire State manufacturing, and the University of Michigan’s consumer sentiment and inflation expectations.
Market Takeaway:
This week combines heavy-hitting economic releases with potential geopolitical catalysts. Traders should be prepared for higher volatility, especially around the US CPI release and central bank communications.
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