As we look to the week ahead, Jeff Casson, Chief Investment Officer, turns our attention from the US to Europe and the potential for another interest rate cut from the European Central Bank. With most data pointing to a weakening economic backdrop, expectations are for a further 0.25% cut and the market will be wanting to hear any signals as to the trajectory of further cuts in the coming months. In the US, the focus will revert to inflation with the upcoming CPI report this Wednesday, but the markets will pay particular attention to the next Presidential debate on the 10th to asses both candidates who are separated by a fine margin. We finish up with China and the credit data which will give the market the first option to asses the impact from July policy changes.
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