Markets track U.S. PMI, global rate decisions and Trump-Xi summit

  • U.S. surveys will update investors on September economic activity after the Federal Reserve’s rate hike.
  • September PMI data are due in the U.S., eurozone and U.K. during the coming week.
  • China will announce benchmark lending rates as Bank Indonesia holds a rate-setting meeting.

Investors face a busy week of economic data, central-bank decisions and high-level diplomacy. U.S. provisional purchasing managers’ surveys (PMI, business-activity indicators) for September will offer a snapshot of current economic activity as markets absorb Wednesday’s Federal Reserve interest-rate hike and consider whether further increases could follow. PMI readings are also scheduled for the eurozone and the U.K. Rate decisions are due from Switzerland, Sweden, Norway, Mexico and South Africa. In Asia, policy meetings and major economic releases will shape assessments of the region’s monetary-policy outlook amid continuing global inflation concerns. China is set to announce its benchmark lending rates, Bank Indonesia will hold a rate-setting meeting, and investors will monitor a summit between U.S. President Trump and Chinese leader Xi Jinping.

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