Weekly global economic preview: Central banks, major earnings, and key PMI’s take spotlight

Global markets are preparing for a busy week as the prolonged US government shutdown delays several official reports, forcing investors to rely on private-sector data and corporate earnings for economic insights. In the US, attention will center on the ADP Employment Report, ISM manufacturing and services PMIs, and the University of Michigan Consumer Sentiment Index. Analysts expect only modest job gains after last month’s sharp drop. Major earnings are due from Palantir, AMD, Berkshire Hathaway, McDonald’s, Qualcomm, and ConocoPhillips, among others. Traders will also monitor speeches from Federal Reserve officials and the Treasury’s quarterly refunding announcement for policy cues.

In Europe, the Bank of England is expected to hold rates steady as growth slows and inflation cools. PMI readings for the Eurozone, Germany, and France, along with data on factory orders and industrial output, will provide insight into regional manufacturing trends. Inflation reports from Switzerland and Turkey will also be in focus. Meanwhile, Sweden’s Riksbank and Norway’s Norges Bank are set for policy meetings.

Across Asia, China’s private PMIs and trade surplus data will test the strength of its industrial recovery. Japan will release wage growth and spending figures, while the Reserve Bank of Australia is expected to keep rates unchanged at 3.6%. Other key releases include inflation updates from South Korea, Indonesia, and the Philippines, as well as GDP reports from Indonesia and the Philippines. With so many moving parts, investors face a week packed with critical signals shaping the global economic outlook.

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