Macro calendar looks light: few US government statistics are due and another inflation report may be delayed amid the shutdown. Key reads include the ISM Chicago activity index, Germanyβs Ifo sentiment, and preliminary eurozone CPI expected around 2.1% with a small decline in core inflation. #macroeconomy #eurozone #FiatNews
European and Japanese central banks likely to keep policy steady this week. The ECB is expected to hold rates, signaling relative satisfaction with the current level despite limited scope to rule out a modest cut. The Bank of Japan is also expected to maintain its policy settings. #ECB #FiatNews
The Fed is widely expected to cut rates by 25 bps at Wednesdayβs decision, with no new economic projections released. Markets will focus on the tone of Chair Powellβs comments; September inflation did not surprise to the upside, which supports prospects for gradual policy easing. #Fed #FiatNews
Following recent tensions with China and new sanctions on Russia, the US plans to raise tariffs on certain Canadian goods by an additional 10%. The note says the move accompanies wider trade and sanction activity but that main developments are occurring in other diplomatic talks. #trade #FiatNews
USβChina talks show promising progress after weekend discussions: China may delay rare-earths export controls by about a year and buy significant US soy; the US could step back from proposed 100% tariffs and new software export controls. Informal consensus reached on shipping fees and fentanyl measures; both presidents to meet at APEC on Thursday. #USChina #FiatNews
FX and commodities: EUR/USD rose to about 1.1645. Gold continued downward, falling roughly 2% on the day. Central European FX was quiet: CZK/EUR ~24.3152 and CZK/USD ~20.8795, with Monday trading in the Czech koruna described as unremarkable. #EURUSD #Gold #FiatNews
US Treasury yields were pushed higher on Monday morning, while European yields showed only small, mixed moves. Bond markets remain sensitive to Fed expectations and cross-Atlantic data flow. #FiatNews
European markets lagged behind Asia and the US: the Dutch AEX and parts of southern eurozone (Italy, Spain) rose about 0.6%, while Germanyβs DAX, Londonβs FTSE100 and Franceβs CAC40 traded roughly flat near Fridayβs levels. #DAX #FTSE #CAC40 #FiatNews
Big tech earnings are scheduled in the coming days and markets hope positive results will extend the wave of AI-related investment. Tech sector reports are being watched for guidance on corporate spending and demand trends. #FiatNews
Attention turns to this weekβs Federal Reserve meeting, where markets expect a rate cut and a dovish signal about further cuts. Investors view the Fed decision as a key near-term catalyst for risk assets and fixed income moves. #FiatNews
