Central Banks Speak Amid PMI Releases and US Data

The global financial markets are adjusting to recent policy changes from major central banks. The Federal Reserve cut interest rates to 3.50-3.75% last week, while the European Central Bank lowered its deposit rate to 2.25%. The Bank of England maintained its Bank Rate at 3.75%, but with no upcoming meeting.

Market participants are now focused on Wednesday's flash Purchasing Managers' Index (PMI) releases for Germany, the Eurozone, and the UK. These readings will provide insight into economic momentum and may influence further easing or a pause in interest rate decisions.

A series of high-profile speakers from central banks will also be in the spotlight this week, offering cues on future policy directions. The week's schedule is dense with events, with Thursday featuring key US data releases, including durable goods orders and jobless claims.