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Weekly Outlook: Jul 29 – Aug 02: BoJ, Fed and BoE Rate Decisions; US-China Talks and US Jobs Data


We have a very busy week ahead of us, with three central bank decisions on the agenda: The BoJ, the Fed and the BoE. Among the three, the only one expected to act is the Fed. With a quarter-point cut fully priced in, if indeed this is the case, investors may quickly shift attention to hints with regards to the Committee’s future plans. With regards to the BoJ and the BoE, it would be interesting to see whether the former will ramp up warnings with regards to additional stimulus, and whether the latter will drop its hiking bias. The face-to-face US-China trade talks, as well as the US employment report for July will also be in focus.

On Monday, there are no major indicators on the economic agenda and thus, investors may keep their gaze locked on headlines surrounding the new round of trade talks between China and the US. Remember that last week, media noted that US officials will travel to China today for face-to-face negotiations, though the talks are reported to take place on Tuesday and Wednesday. US Treasury Secretary Steven Mnuchin said last week that these talks would be followed with more in the US as “there’s a lot of issues” to be worked out, while on Friday, US President Trump said that he thinks China may not want to seal a deal before the 2020 election as it may have the opportunity to...

Read the full financial markets weekly outlook on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/boj-fed-and-boe-rate-decisions-us-china-talks-and-us-jobs-data-20190729
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