The European Central Bank is expected to proceed with a second interest rate hike on Tuesday.
With record inflation fast approaching double digits, a 75 basis point hike could be on the cards.
Oil markets are gearing up for another jolt at the OPEC+ meeting in the coming days.
Saudi Arabia has already hinted at possible production cuts.
Soaring energy costs have hurt global economies this year – as war in Ukraine fuels supply concerns.
Liz Truss or Rishi Sunak will be announced as Britain’s new Prime Minister on Monday.
Whoever wins will inherit the most bewildering economic backdrop in decades – with a looming recession, rampant inflation and a pound low.
Tuesday’s monthly services sector survey will give investors insight into the likely path of Fed interest rates.
Signs of continued strength could bolster the Fed’s relentless fight against inflation.