A busy week for central banks this week. We have the Fed (Wed), BoJ (Wed), and the BoE (Thurs) taking us down the rabbit hole of monetary policy. We are not expecting any interest rate changes. However, if any particularly hawkish or dovish comments come out of these meetings, expect volatility for the relevant markets.
Thursday, we have flash PMIs across the Eurozone, UK, and Germany. Germany is one to watch as the engine of Europe. Investors are expecting an optimistic reading, although last time, it came out weaker than expected.
Finally, we have trading updates from a variety of companies in the UK and across the pond in the US. These include TUI, Royal Mail, and Nike, and FedEx, respectively.
|4am||BoJ rate decision|
|3pm||eurozone consumer confidence (September, flash)|
|3pm||US existing home sales (August)|
|7pm||US FOMC rate decision: no change in policy expected, but the ongoing discussion regarding the tapering of asset purchases will continue. Markets to watch: USD crosses|
|8:15 am||French, German, eurozone mfg & services PMIs (September, flash)|
|9:30 am||UK mfg & services PMI (September, flash)|
|12 pm||BoE rate decision|
|2:45 pm||US mfg & Services PMI (September, flash)|
|9 am||Germany IFO index (September)|