The autumn election campaign season officially began with the Republican National Committee's pre-midterm convention in Dallas, marking the first major political gathering of the season. The two-day event features President Donald Trump as the headline act, with his appearance scheduled for Thursday on the anniversary of conservative activist Charlie Kirk's death. Trump and Vice President JD Vance will deliver keynote addresses outlining the "core frame of mainstream Republican solutions versus extreme liberal Democrat policies," focusing on themes of election integrity and cultural issues while notably avoiding discussion of presidential achievements.

Republicans aim to build momentum as they fight to retain control of Congress in November's elections. Meanwhile, Sweden holds its general election on Sunday, with results expected to determine whether the Nordic nation shifts toward a tougher model of integration and border control, closely watched by European neighbors and EU officials. The European Central Bank's Governing Council meets to discuss rate-setting moves amid rising pressure for interest rate increases, having previously raised borrowing costs to 2.25% in response to the Iran war.

Economic data this week includes second-quarter GDP updates from the EU, UK and Japan, alongside US and Chinese producer and consumer price indices.