The ongoing government shutdown is set to become the second-longest in U.S. history, creating a major hurdle for equities and commodities despite a trade truce with China and a recent Fed rate cut. 10-Year Treasury futures yields have increased for the second consecutive week, leading to some future rate cut expectations being removed from the CME FedWatch Tool. Central bank communications will be key, with a long list of speakers including Bank of Canada Governor Tiff Macklem, San Francisco Fed President Mary Daly, ECB President Christine Lagarde, Fed Governor Michelle Bowman, German Bundesbank president Joachim Nagel, New York Fed President John Williams, and Fed Governor Christopher Waller. The coming week is also the largest week of mega-cap earnings this quarter, with 796 companies with market caps over $1 billion reporting. Notable companies include Palantir, Shopify, Uber, Arista Networks, Qualcomm, ARM Holdings, Spotify, Robinhood, Pfizer, AstraZeneca, Novo Nordisk, Vertex Pharmaceuticals, McDonalds, DoorDash, Airbnb and Progressive Insurance. Due to the shutdown, investors will focus on private-sector data, including Chinese manufacturing PMI, German and Euro manufacturing PMI, U.S. ISM PMI, JOLTS job openings, ADP employment data, ISM Non-manufacturing PMIs, Canadian employment data, and University of Michigan consumer sentiment. The Reserve Bank of Australia and the Bank of England will also announce rate decisions. Learn More: https://www.cmegroup.com/markets/equities.html #trading #StockMarket #futures