Stock Indices ended last week in the red. From the main exchanges, only Nikkei increases slowly. Decreases size however, do not overlap normal correction. Crude oil, corn and wheat went down (also commodity currencies) and gold along with silver noted nice increases. There was not a classical risk off, because we did not see obligations purchase, which defended themselves with forecasts about this week FOMC meeting. Investors are afraid that FED language will strengthen and become more hawkish. Today we wait for USA data about utilization capacity.

In the night we will follow three central banks:

  • Bank of England with its quarterly report
  • Reserve Bank of Australia will publish minutes from last meeting
  • Bank of Japan and its head – Haruhiko Kuroda will make a speech about QE

Weekly focus goes mainly to USA and Great Britain

  • UK inflation data (Tuesday)
  • US PPI (Tuesday)
  • EMU ZEW (Tuesday)
  • UK labor market and BoE minutes (Wednesday)
  • EMU CPI (Wednesday)
  • US CPI (Wednesday)
  • FOMC (Thursday)
  • UK Scottish independence referendum (Thursday)
  • UK retail sales (Thursday)
  • US housing market (Thursday)
  • US Janet Yellen speech (Thursday)

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