Global markets will continue to track developments around a potential new round of US–Iran talks, with equities, bonds, currencies, and energy-intensive commodities still moving largely in step with oil prices. On the data front, the US labor market remains in focus: the nonfarm payrolls report will headline the calendar, alongside the JOLTS job openings figures and the ADP employment report, all offering fresh insight into employment conditions.
Additional leading indicators will come from the University of Michigan consumer sentiment survey and the ISM Services PMI. In Asia, China is set to release its industry-compiled PMI data, while both China and Germany will publish their trade balance figures. In Europe, investors are also awaiting the Eurozone’s aggregate retail sales report.
Central bank decisions are scheduled in Australia, Sweden, Norway, and Mexico, providing further signals on the global monetary policy outlook. On the corporate side, earnings results are expected from Palantir, AMD, McDonald’s, HSBC, Shell, Novo Nordisk, and UniCredit.
