Signs that the United States and Iran are moving toward an agreement to end their conflict will keep global attention focused on the outlook for energy supply from the Middle East. On the monetary policy front, the Federal Reserve will decide on its policy rate at Chairman Warsh’s first meeting. Other major central banks are also set to announce rate decisions, including the Bank of England (BoE), Bank of Japan (BoJ), Reserve Bank of Australia (RBA), Riksbank, Swiss National Bank (SNB), Norges Bank, and Banco Central do Brasil (BCB).
In Europe, Germany will release key sentiment indicators. Japan’s data calendar features inflation figures and machinery orders. In the United States, retail sales, terms of trade, and industrial production will be in focus. The United Kingdom will publish updates on inflation, retail sales, and labor market conditions.
China’s intensive data-release week will include industrial production, retail sales, the unemployment rate, housing prices, and fixed asset investment. Finally, local elections in the UK could prove pivotal for the political future of Prime Minister Starmer.
