ECB and BoC policy decisions and global PMIs headline the week's economic agenda
The upcoming week is set to be a significant one for global markets, with several key economic indicators and policy decisions on the horizon. Central banks, including the European Central Bank and the Bank of Canada , are expected to maintain interest rates as they continue to gather data amidst a changing economic landscape.
Global Purchasing Managers' Indexes , including those from Australia, Japan, Eurozone, UK, and the US across both manufacturing and services sectors, are also due to be released this week. Any unforeseen downturns in these PMIs could sway market reactions, particularly in light of rising long-term yields.
The United States will release its GDP data for Q3 along with Durable Goods Orders, Jobless Claims, and Core Personal Consumption Expenditures . These figures can have a significant effect on investor sentiment and market movements.
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