Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
According to the CME Fed watch tool, market expectations for a Federal Reserve rate cut have decreased from 97% to 87% due to mixed U.S. economic data. The European Central Bank (ECB) is anticipated to cut rates by 25 basis points, given the economic challenges in the Eurozone, particularly in Germany. Market eyes Upcoming CPI releases from China, Canada, and New Zealand for further action from central banks. Major releases from the US are retail sales and initial jobless claims (Oct 17th, 12:30 pm GMT).
Earnings season is set to gain momentum, with major banks, including Blackrock and Bank of America, reporting results after JP Morgan exceeded profit projections. The positive market sentiment is reflected in recent gains in U.S. and European indices, despite ongoing concerns about oil prices and geopolitical factors.
Overall, the upcoming week is significant for economic data and market dynamics, as central banks' decisions could influence investor sentiment and trading strategies
UK Economic events to watch
UK CPI figures released on Wednesday are major economic data crucial for determining the Bank of England's potential actions, with a 75% chance of a 25-basis point cut on November 7 and a 60% chance of another in December. Upcoming reports on August employment (Oct 15th, 2024 6 am GMT) and September retail sales ( will assess wage growth and consumer spending. In the U.S., the earnings season becomes the focus, with major bank reports and retail sales data expected to provide insights into economic health. This week is packed with critical data influencing monetary policy and market sentiment. Overall, market participants are closely monitoring these developments.
