Leaders of US-China meet this week
🔼This morning, Asian stocks are trading strongly in the green, most notably with the $Nikkei 225 Index(N225.JP)$ trading above the key 50,000 level
🤝Stocks and commodities such as oil and copper, are bolstered by signs that the US and China were nearing a trade deal after a Chinese official said during the weekend that the countries had reached a preliminary consensus on topics including export controls, fentanyl and shipping levies.
🇨🇳🇺🇸 The encouraging signals from both sides of the negotiations were a marked contrast from recent weeks, when Beijing’s announcement of new export restrictions and Trump’s reciprocal threat of staggering new tariffs threatened to plunge the world’s two largest economies back into an all-out trade war.
👬Xi and Trump will meet on October 30, during the G20 summit in South Korea
🏦Apart from the XI-Trump meeting this week, it will be a busy week of central bank announcements from the Fed and Bank of Japan
3⃣On Wednesday night, the FOMC is widely expected to lower the federal funds rate by 25 bps to a target range of 3.75-4.00%
🔐Although the US government shutdown has delayed certain key data releases, Chair Powell noted last week that the Committee continues to monitor a broad set of available public and private indicators and these suggest that “the overall outlook for employment and inflation does not appear to have changed much” since the September meeting. The communication is expected to avoid forward guidance and instead reaffirm the reliance of future decisions on incoming data.
4⃣On Thursday morning, the Bank of Japan is expected to keep rates unchanged
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Modify on 2025-10-27 10:32
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