G20 Meeting, US Jobs Data, and Interest-Rate Decisions Set to Drive Global Markets

Global markets are bracing for several key events this week as the G20 meeting takes center stage. The gathering in Asheville, North Carolina, will bring together top central bankers, including Bank of Japan Governor Kazuo Ueda and Japan's finance minister.

The Fed and BOJ meetings in September have already emerged as major risk events, amidst growing uncertainty fueled by geopolitics, elections, and upcoming interest-rate decisions. Middle East tensions, France's budget negotiations, and Germany's regional elections are also on the radar.

The U.S. Treasury market could see increased volatility as investors reassess efforts to contain long-term borrowing costs. Discussions around Treasury bond buybacks have reignited concerns over America's roughly $40 trillion debt pile and policy uncertainty on the dollar. The greenback has stabilized after recent selling, but the debate remains active.

Gold has surged 13% in August, while Bitcoin has moved back above $80,000. Friday's U.S. jobs report will provide fresh clues about the labor market's health, with employment expected to have increased by around 45,000 in August.