Global markets are heading into a high-stakes week featuring Chinese President Xi Jinping’s three-day state visit to Washington to meet US President Donald Trump, the 81st UN General Assembly High-Level Week and Indonesia’s central bank rate decision. Investors will also assess flash purchasing managers’ index (PMI) data from US manufacturing as the 10-year US Treasury yield tests 5%, a level that influences global borrowing costs and currencies. The agenda comes amid widening geopolitical crises, including the Iran war, conflicts in Ukraine and the Middle East, and growing tensions over Taiwan, artificial intelligence and space. AI safety warnings from industry leaders are increasingly affecting technology stocks and capital-spending expectations, while President Donald Trump has dismissed recent warnings as a hoax and European Commission President Ursula von der Leyen wants leading AI companies to discuss the risks in Europe. Indonesia’s new Governor Destry Damayanti is expected to deliver either a hold or a small rate cut at her second meeting, following the July resignation of Perry Warjiyo and the recent dismissal of Finance Minister Purbaya Yudhi Sadewa. Analysts hope the appointment of Suahasil Nazara can rebuild investor confidence in the $1.5 trillion G20 economy amid concerns over policymaking, fiscal profligacy and a possible MSCI move to classify its equity market as frontier.