The Business News Week Ahead

For economic data, the week's biggest releases will be Chinese consumer prices at midweek and US consumer prices on Thursday. But the most market-moving events in the week aren't likely to be data at all but monetary policy updates, most immediately by Jerome Powell who, amid market expectations for a month-end rate cut, will be speaking to Washington lawmakers on both Tuesday and Wednesday. The Bank of Canada, not facing any pressure or need for a rate cut, will be issuing an announcement on Wednesday. Minutes from last month's meeting of the ECB, where new stimulus may well be on the table, will be posted on Thursday. And supporting the dovish central bank sentiment is likely to be the Chinese CPI and the US CPI, neither of which are expected to show much pressure. Japanese machine orders and German industrial production will kickoff the week's calendar on Monday. Industrial production reports from France and Italy will follow on Wednesday with the latest Chinese data on trade set for Friday.