The week to come will give European Central Bank policy makers another chance to ponder just how sticky inflation really is, while U.S. earnings will be dominated by FAANG companies. In China, an imminent default of China Evergrande Group might be off the cards for now, but troubles seem [...]
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CHARTING CHINA From an Evergrande-induced property market crisis to power shortages halting production lines supplying Apple and Tesla, the world's no. 2 economy has plenty to worry about. A good gauge of the fallout comes with Monday's Q3 GDP figures and other keenly-watched data [...]
EARNINGS, NON-STOP Some of the world's biggest banks kick off U.S. earnings, just as investors fret over inflation, surging energy prices and the upcoming tapering of the Federal Reserve's $120 billion monthly stimulus. Banks smashed profit estimates in the second quarter as the [...]
'DECENT JOBS' In September, the U.S. Fed said trimming monthly bond purchases could be warranted "soon"; Chair Jerome Powell noted it'll take one more "decent" jobs report to set the wheels in motion - not a "super-strong" one, just one that's "reasonably good". [...]
GERMANY'S 'MUTTI' BOWS OUT Sunday's German election is a close call and stakes for Europe's biggest economy couldn't be higher. After 16 years of steady, centre-right leadership, Chancellor Angela Merkel will be stepping down. Polls suggest the centre-left Social Democrats (SPD) will form [...]
CENTRALLY FOCUSED Several central banking big-hitters meet in coming days, with the U.S. Federal Reserve's Sept. 21-22 meeting topping the must-watch list. The timing of the Fed's U.S. tapering plans remains the key question and recent data suggests caution may be warranted: the [...]
WANTED: PRIME MINISTER In the wide-open contest to be Japan's next premier, hopefuls have until Friday to announce intentions. For now, it's a three-horse race: The favourite, COVID-19 vaccine minister Taro Kono, ex-foreign minister Fumio Kishida and ex-internal affairs minister Sanae Takaichi - [...]
EYES LIKE A HAWK The European Central Bank meeting ends on Thursday, and a deluge of recent comments from policy hawks suggest it is set for a lively debate. Euro area inflation has surged to a 10-year high at 3%. Markets [...]
NEW JOB! With almost two million new jobs created in the past two months, Friday's nonfarm payrolls data for August could prove key as investors assess just how close the Federal Reserve is to scaling back emergency stimulus. A Reuters poll forecast a [...]
TAPER TENSIONS Fronted by Jerome Powell, the great and good of the central banking world gather at Jackson Hole, Wyoming, from Thursday to Saturday. The big question for the Federal Reserve Chair: When is taper time? The Fed is expected to outline taper [...]