👋 Hello traders! How are you? Let’s discuss the most exciting news for the beginning of the week.

Euro, Australia, China, and Oil Market News

and Economic Calendar:

📰 News to keep you updated:

🇨🇳 Chinese President Xi Jinping begins his European tour in Paris. He aims to reset ties with France and visit Serbia and Hungary. HK50 is up 0.58% today.

🇪🇺 The Euro zone’s economy, currently at a turning point, is awaiting a surge in consumer spending, encouraged by rising wages, easing inflation, and potential ECB interest rate cuts.

🇦🇺 Australia’s central bank is expected to maintain its key interest rate at a 12-year high amid strong job market conditions to address ongoing inflation concerns.

🥇 Gold prices rose as a weaker dollar, and expectations of Federal Reserve rate cuts following disappointing US payroll data boosted the metal’s appeal.

📈 Oil prices increased as tensions in Gaza escalated and Saudi Arabia raised its crude prices, with slim prospects for a ceasefire impacting the central oil-producing region.

🔥 Warren Buffett reduced his stake in Apple by 13% in the first quarter, selling 115 million shares for $790 million while increasing his cash holdings to $189 billion.

📆 Economic calendar

The time zone is GMT+3. Check your time zone here:
https://www.timeanddate.com/time/map/

Monday
1️⃣ CHF 15:25, SNB Chairman Jordan Speaks

Tuesday
1️⃣ AUD 07:30, Cash Rate
2️⃣ AUD 07:30, RBA Monetary Policy Statement
3️⃣ AUD 07:30, RBA Rate Statement

Wednesday
1️⃣ USD 20:01, 10-y Bond Auction

Thursday
1️⃣ GBP 14:00, BOE Monetary Policy Report
2️⃣ GBP 14:00, Official Bank Rate
3️⃣ GBP 14:30, BOE Gov Bailey Speaks
4️⃣ USD 15:30, Unemployment Claims
5️⃣ USD 20:01, 30-y Bond Auction

Friday
1️⃣ GBP 9:00, GDP m/m
2️⃣ CAD 15:30, Employment Change
3️⃣ CAD 15:30, Unemployment Rate
4️⃣ USD 17:00, Prelim UoM Consumer Sentiment