WEEKLY PREVIEW: From Fed’s rate move to Putin’s annual conference
In the week to come, investors will be greeted with a number of monetary policy decisions, with the Bank of England and the Bank of Japan among the more anticipated ones, and the United States Federal Reserve’s meeting at the very center of events. After the European Central Bank decided to lower its interest rates a few days prior, the pressure on the US central bank has been growing, with many expecting it to loosen its monetary policy in December. However, the recent inflation readings in the country have raised some concerns about the Fed’s future path.
In data, traders can expect a new batch of economic reports focused on PMI digits, with the more notable ones coming from the US, the United Kingdom, and the Eurozone. Over in business, a few more companies, among which are Birkenstock, Blackberry, FedEx, and Nike, will be dropping their most recent financial results, as the latest earnings cycle wraps up.
Some of the major events taking place in the political sphere are Germany’s confidence vote and Russian President Vladimir Putin’s annual conference. The German parliament is set to vote on December 16 on whether it supports German Chancellor Olaf Scholz’s government, with many almost certain he will fall. Meanwhile, over in Moscow, Putin will be sharing his thoughts with the general public on December 19.