Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
The Federal Reserve kicked off its rate-cutting cycle earlier this month with a 50-basis-point cut. The upcoming October nonfarm payrolls report, expected on Friday, will be closely watched. Economists project the U.S. to have added around 144,000 jobs, providing insights into how the labor market is performing amid rate changes.
The data is key for investors looking to gauge a "soft landing," where inflation is curbed without major impacts on economic growth. If the numbers disappoint, recession concerns may rise. Conversely, stronger-than-expected job growth could signal that the Fed may not cut rates as aggressively as some expect.
Powell’s Speech on Economic Outlook
Fed Chair Jerome Powell will speak to the National Association for Business Economics on Monday. His remarks are likely to echo his previous press conference, where he cited growing confidence in controlling inflation and the shift in risks affecting the labor market as justification for the outsized rate cut. Additionally, comments from regional Fed presidents Bowman, Bostic, Barkin, and Williams are anticipated this week.
Labor market data from Tuesday’s Job Openings and Labor Turnover Survey (JOLTS) and Wednesday's ADP private sector report will provide further indications before the main jobs report.
Q4 Market Volatility
The fourth quarter begins amid continued market volatility. Stocks have recently hit record highs, and China’s stimulus efforts have impacted global borrowing costs and oil prices. The upcoming U.S. election in November is expected to add more uncertainty to market dynamics.
Eurozone Inflation Trends
The eurozone is set to release flash September inflation data on Tuesday, a key indicator as the European Central Bank debates further rate cuts in October. Economists expect inflation to fall below the ECB's 2% target, primarily due to lower energy prices.
Oil Prices Fluctuate
Oil prices fell over the past week, with Brent crude down about 3% and U.S. crude futures dropping 5%. While China’s economic stimulus offered support, supply concerns grew following reports that OPEC+ will proceed with plans\ to increase production by 180,000 barrels per day starting in December. Energy traders will be watching labor market data, as interest rate cuts typically boost economic activity and energy demand.
—Reuters contributed reporting
