Fed minutes, France’s fiscal strains and India rate decision to shape week

  • Federal Reserve minutes will guide views on the timing of another U.S. interest-rate increase.
  • Weak U.S. jobs data reduced expectations for a hike as early as this month.
  • China’s markets will reopen after Golden Week as India and Japan draw investor attention.

The Federal Reserve’s minutes from its September meeting will be the week’s main focus as investors reassess the timing of another U.S. interest-rate increase after weak jobs data reduced expectations for a hike as early as this month. The minutes, due Wednesday, will detail a meeting at which rates were raised amid concern about elevated energy prices. Eurozone markets will also be watched after worries about France’s fiscal and political problems sharply widened French bond-yield spreads. In Asia, India’s central-bank decision will be closely monitored as higher energy costs complicate the interest-rate outlook. Investors will also seek indications about the Bank of Japan’s next rate increase, while China’s markets are scheduled to reopen after the Golden Week holiday.

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