No U.S. data? No problem The U.S. government shutdown is now entering its second month, delaying crucial trading data. With limited insights coming from Washington, investors might like to pay attention to the data coming from elsewhere to make their trading decisions.
This week, central banks in Mexico, Brazil, England, Sweden, Norway, and Australia are set to announce monetary policy decisions.
Perhaps the most important of the bunch is the Bank of England decision. They are expected to keep their key rate unchanged, but speculation about an upcoming rate cut is growing. The Reserve Bank of Australia follows closely in importance and is also expected to hold rates steady at 3.6%, despite persistent inflation pressures. So, we might see a couple rate cut surprises here.
Additionally, Mexico and Switzerland will release their latest inflation data.
Earnings season continues as well, with reports due from Palantir, Berkshire, AMD, Uber, and McDonald’s.
