Here are some of the important economic data that will be the focus of the market throughout this week.
Canadian Inflation Data (Tuesday 8.30pm): Markets will assess Canada's inflation rate on the latest data reading after the Canadian central bank continued to raise interest rates aggressively since last March. The latest reading will influence the central bank's decision in setting further monetary policy.
FOMC Meeting (Thursday 2.00 AM): Being the main event of the week, the results of the September meeting will answer the question of the latest interest rate hike by the Federal Reserve (Fed). The majority expect a rise of 75 basis points to 3.25%, but there are expectations for a rise of up to 100 basis points.
Bank of Japan Policy Meeting (Thursday): The Asian session on Thursday will focus on the results of the Bank of Japan (BOJ) meeting. Interest rates are expected to remain at -0.10% and the follow-up statement by the governor will be evaluated by investors.
Swiss Central Bank Policy Meeting (Thursday 3.30 PM): Willing to surprise the market, the Swiss National Bank (SNB) will raise interest rates to a positive level for the first time since 2014. After the rate was increased at the previous meeting from -0.75% to -0.25%, the rate The latest interest is expected to rise 75 basis points to 0.50%.
Bank of England Policy Meeting (Thursday 7.00pm): Investors are wondering whether the Bank of England (BOE) will raise interest rates by 50 basis points at this meeting after UK inflation rates fell from a 40-year high in the latest reading. .
European Manufacturing & Services PMI data (Friday 4.00 PM): Data readings on this focus sector will provide an assessment of the current health of the economy in Europe, particularly in Germany. A reading below the 50.00 level warns of a contraction in the economy.
UK Manufacturing & Services PMI data (Friday 4.30pm): Both readings for the manufacturing and services sectors in the UK are expected to decline slightly with a number of factors currently weighing on the country.
US Manufacturing & Services PMI data (Friday 49.45 PM): The US dollar currency will be influenced by the data reading of this focal economic sector before the market closes for trading in the last session of the week.
