Markets enter a diplomatically significant week as China's President Xi Jinping arrives in Washington September 23 for historic summit meetings September 24. The summit addresses critical trade, technology, and geopolitical issues including tariffs, AI competition, and Taiwan tensions. Costco (COST) earnings Thursday will test consumer retail resilience. Wednesday delivers preliminary September Manufacturing and Services PMI alongside crude oil inventories. Treasury yields near 5% threshold continue creating structural headwinds for equity valuations. The convergence of trade diplomacy breakthrough potential, consumer spending assessment, and economic data establishes pivotal market week.
Here are 5 things to watch this week in the Market.