Central bankers dominate the week with monetary policy announcements from the Bank of England, Bank of Japan, and US Federal Reserve. The Fed, now led by Kevin Warsh, is expected to hold rates steady given benign inflation data. The BoE is also likely to maintain borrowing costs at 3.75 per cent on Thursday after improved inflation and cooling wage growth, though markets anticipate at least one hike before year-end amid Middle East tensions.

The BoJ continues its normalization path, with forecasters predicting rates rising to 1.25 per cent by year-end, supported by energy prices and domestic wage inflation. GDP estimates from the US, EU, and Canada will highlight economic health, with AI driving US growth and Iran conflict posing risks.

Political events include the Greater Manchester mayoral election on Friday to replace new PM Andy Burnham, with Labour's Bev Craig favored over Reform UK's Sian Astley. In the US, Donald Trump will attend Senator Lindsey Graham's funeral. Earnings season accelerates with airlines, Big Tech, and UK banks reporting.

Key economic data includes US, EU, and Canada GDP; inflation figures from Japan, Germany, France; and a packed earnings calendar featuring Meta, Microsoft, Apple, Amazon, and major European banks. The Glasgow Commonwealth Games conclude next weekend.