BoE's Carney: We’re close to manufacturing recession across developed and much of the emerging world. Data hasn’t shifted towards signalling a global recession. Fundamentals in major economies still quite strong, but there are pockets of risk.
The Bank of Canada is expected to leave its benchmark rate unchanged at 1.75%. However, the BoC may be forced to cut rates in the not too distant future as slowing global growth will likely slow the Canadian economy. Any surprising revision would lead to volatility in the Canadian Dollar.
Russian Energy Minister Novak states that oil output in September will be lower than in August.
China to maintain prudent monetary policy Will fine tune policy in a preemptive way and at the appropriate time Will keep consumer prices stable overall
The "rebel bill" is the only thing that stands in the way of UK leaving the EU Says that we will get the backstop out and get an agreement with the EU
Brexit deal must be on the basis of the withdrawal agreement Boris Johnson remains the contact person in the UK
ECB needs to listen to and understand markets But need not be guided by markets Says that a review of monetary framework is warranted
Euro area economy faces near-term risks Inflation is persistently too low Must be mindful of negative effects of unconventional policies
1. Service PMI Numbers We will focus on a report on activity in the service sector today. German Service PMI will be announced and it is expected to stay at the same level at 54.4 compared to the previous number while Eurozone Service PMI is expected to be dec...
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