Xi-Trump Summit Looms Amid Global Economic Uncertainty
The Week Ahead will be marked by several key events that could impact global markets.
A highly anticipated meeting between Chinese President Xi Jinping and US President Donald Trump on September 24 is expected to focus on tariffs, with the two leaders set to discuss extending a tariff truce agreed upon last October. The agreement temporarily eased tensions between the world's two largest economies after a trade confrontation that saw both sides impose or threaten to impose tariffs of over 100%.
Malaysia will release data on domestic tourism performance for the second quarter and salaries and wages for 2025, while Bank Negara Malaysia will announce its foreign reserves position as at September 15. Indonesia's central bank is expected to keep interest rates unchanged, with a Bloomberg survey predicting no change in the policy rate.
The US Federal Reserve raised interest rates by 25 basis points to 3.75%-4% last week, and the European Central Bank is also monitoring inflationary pressures amid heightened global uncertainty.