The economy in the next 24 hours: China GDP, earnings, US retail sales, Fed-Powell speaks

Global markets are focused on the upcoming economic indicators and the speech from Federal Reserve Chair Jerome Powell, which will influence market sentiment. Retail sales and inflation data from the US, UK, and Eurozone will be critical in shaping investor expectations.

The surge in 10-year Treasury yields, now at 4.6%, raises recession fears and signals tightening financial conditions. Powell’s remarks later could confirm or challenge these trends, particularly regarding interest rates and inflation.