Even on a bank holiday, markets are on the move. Concerns about Chinese stimulus and the Middle East stir markets, but the calendar offers several important events with the potential to shake things up.
Mid-East tensions could keep markets moving all week. The European Central Bank is set to cut interest rates as concerns of an economic downturn grow. US Retail Sales will provide an update on the health of the US consumer after the blockbuster jobs report. Here are five fundamentals for the week starting on October 14. 1) Fears of an Israeli strike against Iran move markets The US will send Israel its THAAD defense systems.
The American angle is also of interest after recent US Consumer Price Index data showed a surprising bounce. Is inflation rearing its ugly head again? 4) ECB to cut rates and could promise more Thursday, decision at 12:15 GMT, press conference at 12:45 GMT. After pausing in July, the European Central Bank slashed borrowing costs in September. It will likely repeat the move in its October meeting. ECB Depoist Rate.
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