No fewer than four G10 central banks meet this week: the European Central Bank, the Reserve Bank of Australia, the Bank of Canada and the Riksbank in Sweden.
UK manufacturing PMIs exceeded expectations, rising to 53.3, up from 48.3 last month. The positive news has calmed some Brexit fears. US labour report today.
Comments by FOMC members Evans, Rosengren and Kashkari were dovish. But, if the positive trend continues in tomorrow’s labour report, this may turn around.
The languid summer trading of the past two weeks suddenly perked up on Friday afternoon, as the long-awaited speech by Fed Chair Janet Yellen hit the wires.
Retail sales smashed expectations weeks after the Brexit vote, growing 1.2% on the month and 5.9% on the year, boosted by warm summer weather in the UK.