Economic Data and Central Bank Meetings Highlight Holiday-Shortened Week

This holiday-shortened week is packed with significant economic data releases and central bank meetings. Key data from the US includes retail sales, housing starts, building permits, and existing home sales, anticipated to show varying trends. Global flash PMIs, UK CPI, and Japanese inflation data are also on the docket. Central banks in Australia, the UK, Switzerland, and Norway are expected to maintain current interest rates, reflecting global hesitancy in rate cuts despite earlier projections. In the commodities market, gold is expected to see a positive bias due to geopolitical tensions in France, while silver may remain subdued. Additionally, US stock futures are muted as investors await further economic data and Federal Reserve commentary which could influence future rate cuts.