It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Irish manufacturing surge rallies to 18-year maximum
In November, surge in Ireland's manufacturing sector managed to ascend to an 18-year maximum, as a poll disclosed on Friday, with strong fresh orders at home as well as abroad, thus confounding fears Brexit would provoke a slowdown in the UK’s closest neighbor.
Ireland is generally considered to be the EU country most exposed to the UK’s decision to break up with the currency bloc, although after the muted initial hit of the Brexit vote, Ireland increased its economic surge estimates for 2017 and 2018.
The Investec Purchasing Managers' index showed that firm growth will probably continue, reaching 58.1 in November, which is its highest value since December 1999, versus October’s outcome of 54.4. It has stood above the 50 mark, traditionally separating surge from contraction for more than four years.
The expansion in the new business subindex appeared to be the fastest since 1999 and also one of the steepest in the poll’s history.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.