According to Bloomberg, this week several Fed officials will speak, and the U.S. second quarter core PCE price index data will be released. In addition, August new home sales, second quarter GDP and annual revisions, weekly unemployment claims and August durable goods orders will also be released.
Canada's July GDP data and August advance estimates are expected to show weak growth in the third quarter. The Organization for Economic Cooperation and Development (OECD) will release new economic forecasts on Wednesday, and the Swiss and Swedish central banks may cut interest rates, while the Reserve Bank of Australia is expected to keep interest rates unchanged.
In Eastern Europe, the Hungarian and Czech central banks are expected to cut interest rates by 0.25 percentage points on Tuesday and Thursday, respectively. The euro zone and the UK will release preliminary September purchasing managers' indexes on Monday, while Germany's Ifo business confidence index will be released on Tuesday.
French and Spanish inflation data for September will be released on Friday, and inflation in both countries is expected to fall below 2%. Central banks in many African countries will also announce interest rate decisions, and Zambia's finance minister will provide a detailed policy roadmap.
In Latin America, Brazil's employment data is expected to show that the labor market remains tight and medium-term inflation may be close to the upper limit of the central bank's target. The market expects the Brazilian central bank to cut interest rates by 0.25 percentage points, and some analysts believe that a 0.5 percentage point cut may be possible.
