It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Japan’s labor demand, inflation and factory output point to firm economic recovery
In August, Japan's core inflation accelerated, industrial output tacked on more than expected, while demand for labor was the highest for more than 40 years. That’s a definite sign of firm momentum in the world's number three economy.
The storm of economic data should spur optimism as for the outlook for surge, although Prime Minister Shinzo Abe's intention to call a snap election has generated some uncertainty over the country’s economic policy.
There was also a sort of uneasiness as for monetary policy after a summary of the Bank of Japan's most recent gathering revealed one board member appreciated an expansion of stimulus because consumer prices are still distant from the key bank’s 2% inflation objective.
Nationwide core consumer price index, including crude products but excluding volatile fresh food prices, ascended 0.7%, matching a median market prediction. It turned to be the eighth straight month of revenues in the index.
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.