The week’s calendar includes the Fed’s June minutes from Kevin Warsh’s first meeting, ECB minutes, speeches from Fed officials, U.S. services, oil and labor data, plus New Zealand and Malaysia rate decisions and Asia inflation readings.
Investors are heading into a data-heavy week focused on minutes from the U.S. Federal Reserve’s latest meeting, due Wednesday, and the European Central Bank’s minutes for further clues on the interest-rate outlook. The Fed meeting was the first under new Chair Kevin Warsh, and policymakers left rates unchanged at 3.5%-3.75%. Markets are also set to track remarks from Fed officials including Williams, Logan and Waller, U.S. indicators such as ISM non-manufacturing PMI, final S&P Global services PMI, EIA crude inventories and jobless claims, as well as inflation data across several Asian economies and central bank decisions from New Zealand and Malaysia. Separately, HSBC said gold may remain rangebound in the short term because real rates stay high and the dollar remains firm, while central-bank buying, ETF inflows and de-dollarization support the metal’s longer-term outlook.