Markets Braced for Busy Week of Economic Data and Rate Decisions
The upcoming week will be packed with significant economic events that could impact global markets. On the top of the list is the US Non-Farm Employment Change, which is expected to confirm the strong job growth seen in August's report. The previous report showed a rise of 162K payrolls, exceeding expectations.
The Reserve Bank of Australia (RBA) will also make a rate decision, with a hike widely anticipated. However, traders may be more interested in the Rate Statement and press conference for clues on future monetary policy decisions.
Another key release is the US Core PCE Price Index m/m, which could add to the Federal Reserve's inflation concerns. The underlying components of the index may provide a mixed story, despite the overall firm reading suggested by CPI and PPI data.