What you need to know before markets open
General Market Mood:Â
- The optimism on Friday regarding US-Chinese trade talks sent the US Dollar lower but the new week is opening with some profit-taking and concerns.
- The Turkish crisis is slipping back to the backburner amid the government’s steps to curb the crisis but concerns about the resilience of emerging markets continue.
- The Federal Reserve dominates the week with the FOMC Meeting Minutes on Wednesday and Fed Chair Jerome Powell’s speech on Friday.
In Australia
- A potential leadership challenge to Prime Minister Malcolm Turnball slightly weighs on the Australian Dollar.
- The CB Leading Index is released at 14:00.
In Europe
- .German PPI came out at 0.2%.
- The German central bank, the Bundesbank, releases its monthly report at 10:00 GMT.
- Bundesbank President Jens Weidmann speaks at 16:00.
In the UK
- Top-tier data released last week was mixed, with higher upbeat retail sales, higher inflation and slow wages.
- Brexit talks continue and may produce market-moving headlines.
In the US
- FOMC member Raphael Bostic speaks at 15:00. He leans to the dovish side.
In Canada
- Canadian inflation surprised to the upside on Friday.
- Deputy Governor Carolyn Wilkins speaks at 13:15.
