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The upcoming days will bring a flurry of top-down macro and bottom-up micro events, setting up the scene for the final weeks of 2025.

News that US President Donald Trump is set to meet with Russian President Vladimir Putin in Budapest to discuss ending the Russian war in Ukraine will be followed closely.

Since the beginning of the month, France has been experiencing a new political crisis, with the Prime Minister Sébastien Lecornu struggling to build a stable majority.

The earnings season for the third quarter of the year will traditionally start with US financial institutions, including JP Morgan Chase

In October 2024, Spain suffered its costliest climate-related natural disaster on record, when severe floods swept through the Valencia region. More than 150 people lost their lives, and many more were injured or displaced.

Following the election of Shinjiro Koizumi as new LDP leader, the extraordinary Diet session to elect Japan's new prime minister will be scheduled swiftly.

As a US government shutdown is potentially just days away, focus is turning to the question of whether this will be a “short” or a “long” shutdown.

Manufacturing and services PMIs will offer a first look at September’s global activity. With the Fed easing and China’s economy stabilizing, any uptick could reinforce the reflation narrative and support risk assets.