Central Bank Decisions and US Economic Data in Focus
Markets are poised for a busy agenda in the upcoming week. In Turkiye, all eyes will be on the Central Bank’s interest rate decision. Internationally, investors will closely monitor the release of core PCE data in the US. In Turkiye, the Central Bank’s interest rate decision on Thursday is anticipated to hold steady at 50%.
Meanwhile, pivotal domestic indicators include confidence indices, capacity utilization rates, housing prices, foreign visitor numbers, economic sentiment indices, foreign trade data, service producer prices, gross and net debt stocks.
In the US, focus will be on S&P Case Shiller national home prices, new home sales, durable goods orders, pending home sales, Kansas Fed manufacturing index, personal spending and income, Chicago PMI, Michigan consumer sentiment index. Additionally, Germany’s ifo index, GfK consumer confidence index, retail sales, import-export prices, unemployment rate, Eurozone confidence indices, UK GDP, Japan’s retail sales, unemployment rate, industrial production, housing starts, and Canada’s consumer prices will be closely watched.
Moreover, the week will witness a historic event as US President Joe Biden and former President Donald Trump face off for the first time since the presidential elections. The Federal Reserve will also unveil the 2024 results of the annual stress test focusing on major bank finances.
Source: Dunya.com / Prepared by Irem Yildiz