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Market Mood

This week's financial focus is centered on U.S. payroll data and European inflation reports, both critical for influencing monetary policy decisions. Key employment reports, including ISM surveys, ADP data, and the JOLTS report, continue to reflect a fragile but stable labor market with low hiring and firing rates. Fed Chair Powell's speech, along with additional Fed discussions, will likely bolster expectations for further rate cuts. In Europe, CPI data from Germany and Italy, following weak inflation results in France and Spain, could prompt the ECB to lean toward rate cuts by December. Global events include manufacturing and services PMIs, Eurozone PPI and unemployment data, and speeches from key figures like ECB President Lagarde. Meanwhile, China's recent stimulus package still resonates globally as markets react to the economic uncertainty ahead of the Golden Week holiday.

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