Key economic indicators to watch this week include US consumer confidence and inflation data from Australia, Japan, and the Eurozone

This week, key economic events include the US Consumer Confidence report, expected to rise to 111.6 from 108.7. Last month saw a significant rebound in consumer sentiment, reflecting improved views on job availability and business conditions. In Australia, the Monthly CPI is projected to increase to 2.3% from 2.1%. The Reserve Bank of New Zealand is anticipated to cut its cash rate by 50 basis points to 4.25%, focusing on growth as inflation stabilizes. On Friday, inflation data will be released for Japan, the Eurozone, and Canada. The Eurozone CPI is expected to rise to 2.4% from 2.0%, increasing speculation about a potential interest rate cut in December.