SandnSea: Alert on CNBC
Splash: CNBC: Australian market open delayed by technical glitch; ASX ‘working to rectify issue’
Angel: Japan Markets closed – Respect for the Aged Day, None, Monday, September 19, 2016.
Splash: Europe stocks see worst week since June; Deutsche down 8.5%; DAX down 1.5%
Splash: Gold’s safe-haven rally appears to have run its course…..For the record, All of my quotes are from CNBC
Angel: It seems everything is coming into alignment….do you think all these pseudo terror stuff are a distraction? Heard terrorists wouldn’t put bomb in a garbage bin…could something be afoot? hmmm
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Angel: Global Economy Week Ahead: Fed and BOJ Meetings, Europe PMI
All eyes are on Tokyo and Washington this week as the Bank of Japan and the U.S. Federal Reserve will make monetary-policy announcements that will ripple through global financial markets. Also, data are due on the U.S. housing sector and economic activity in the eurozone.
TUESDAY: Canada’s central bank this month flagged ongoing softness in exports despite a weak currency, which could suggest a downgrade to the bank’s economic growth forecast at its rate announcement in October. Bank of Canada Gov. Stephen Poloz could offer hints on the outlook during a speech in Quebec City on “living with lower for longer.”
WEDNESDAY: The Bank of Japan will wrap up its two-day policy meeting and issue a report card on its 3½-year deflation-fighting campaign. Economic growth remains weak, and policy makers are split on the optimal mix of stimulus programs. Focus will be on whether the BOJ reduces its main interest rate further into negative territory—which would be unpopular among commercial banks—or tweaks its easing program in other ways, perhaps by dropping its March 2018 target date for reaching 2% inflation.
Later, the Federal Reserve’s policy committee will conclude its own two-day meeting with a vote on whether to raise short-term interest rates. Officials appeared split in recent weeks, but financial-market participants see an imminent rate increase as unlikely. Chairwoman Janet Yellen will hold her quarterly press conference, and policy makers will release updated projections for U.S. inflation, unemployment, economic growth and interest rates.
THURSDAY: Is the U.S. housing market regaining momentum? The National Association of Realtors will release new data on existing-home sales, which dropped 3.2% in July as inventory remained tight and prices stayed high. Economists expect sales partially rebounded in August, rising 1.7%.
FRIDAY: Europe’s third-quarter growth picture will come into focus when IHS Markitreleases its flash eurozone composite purchasing managers index, an economic-activity gauge, for September. The European Central Bank may take note if it shows a slowdown from the already weak second quarter. Forecasters are looking for a slight fall to 52.8 from August’s final reading of 52.9, leaving the third-quarter average down from the previous three-month period.
http://www.wsj.com/articles/global-economy-week-ahead-fed-and-boj-meetings-europe-pmi-1474225200
