Global markets step into a pivotal week packed with long-delayed data releases, policy signals, and regional growth updates that could reset expectations for the weeks ahead. In the US, despite the Thanksgiving-shortened schedule, traders will navigate a dense lineup including September producer prices, retail sales and durable goods orders, alongside housing and confidence indicators. With the Federal Reserve’s path still clouded by mixed signals, these updates could sharply influence rate expectations.

Across Europe, attention intensifies as the UK’s Autumn Budget heads to Parliament, where Chancellor Rachel Reeves is poised to announce substantial revenue measures to steady the nation’s fiscal trajectory. Investors will also parse fresh inflation readings from Germany, France and Italy, together with business sentiment and labor data across the region. The ECB’s meeting accounts will serve as another key guidepost for rate-direction clarity.

In the Asia Pacific region, momentum will hinge on China’s PMI and industrial profit figures, Japan’s labor and inflation data, and India’s GDP print, which is still expected to reflect growth above 7%. Australia’s inflation and investment updates will also shape regional positioning, while the Reserve Bank of New Zealand is widely expected to deliver a 25-basis-point rate cut, offering one of the week’s clearest policy pivots.

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