Rates Hike Looms as Tech Giants Prepare to Report Earnings

The upcoming week will be filled with significant economic and corporate events. On the interest rate front, the Reserve Bank of Australia is expected to raise its rates by 15 basis points, a decision that was put on hold in August due to concerns about rising unemployment.

European Central Bank president Christine Lagarde will deliver a welcome address at the European Systemic Risk Board conference, where she emphasized the need for interest rate hikes and warned of downside risks to growth and upside risks to inflation.

In the corporate world, several major companies are set to report their quarterly numbers. Micron Technology is expected to see a sharp rise in earnings due to increased demand for memory chips, while Nike's first-quarter results will be closely watched as investors debate its future prospects.