Key economic reports to watch this week include U.S. consumer confidence and Australian inflation data

This week, key economic reports will be released, starting with U.S. consumer confidence, new home sales, and manufacturing data on Tuesday. Wednesday will focus on Australian inflation and the Reserve Bank of New Zealand's expected interest rate cut to 4.25%. In the U.S., several data points will be published, including GDP growth, unemployment claims, and the core PCE price index. Analysts predict a 0.3% increase in the core PCE, with personal spending expected to rise by 0.4%. Japan's Tokyo Core CPI and eurozone inflation data will also be released, with expectations of rising inflation rates. Economists anticipate a 25 basis point rate cut from the European Central Bank in December amid weakening economic sentiment.