This week, we have three central banks deciding on interest rates: the RBA, the Riksbank and the BoC. All three Banks are anticipated to keep their rates unchanged, so attention is likely to fall on the accompanying statements for clues on their future plans. On Friday, the US and Canadian employment reports are due to be released.
On Monday, markets in the US and Canada will be closed in celebration of the Labor Day.
During the European morning, we get the final manufacturing PMIs for August from several European countries, as well as the Eurozone as a whole. As usual, the final prints are expected to...
On Tuesday, during the Asian morning, the RBA decides on interest rates, but once again on fireworks are expected. The RBA has kept interest rates unchanged since August 2016, and it is expected to do so at this gathering as well. Actually, according to the Bank’s latest quarterly Statement on Monetary Policy, financial market prices imply that the...
During the European morning, we get Switzerland’s CPI for August. Expectations are for the Swiss inflation rate to have remained unchanged at +1.2%. Although this is above the SNB’s inflation projections for Q3, it is still distant of the Bank’s 2% objective. According to their latest projections, SNB policymakers, expect inflation to...
Read the full financial markets weekly outlook on JFD Research.