Markets waiting for signals from China. Draghi: “Low inflation for a long time” – The Republic

Milan – The uncertainty about the next moves of the Federal Reserve and the impact of the global slowdown in the Chinese markets continue to hold live. Trade data that will be broadcast Tuesday from Beijing may prove to be a new cold shower for investors who should start the week with the brakes on, by virtue of the closure of Wall Street for the ‘Columbus Day’. The data on the trade balance Russian and Indian industrial production will prove an interesting thermometer to measure the malaise of ‘Brics’.

As for the possible timing of the announced increase in interest rates in the US, the minute spread a few days ago by the Fed (next week is the turn instead of ‘beige book’) have only confirmed what operators had already understood: it was only for the conditions in the US economy, the world locomotive returned, monetary tightening would have already begun; to call for caution is the precarious health of emerging markets. That the increase in the cost of money is sent back to the end of October to December or even 2016 is difficult to guess, nor appears intended to clarify the picture the usual rich conference program of the leaders of an institution that continues to appear divided. Clues will come probably more solid data on industrial production in America.

The Fed, however, explains Vice President Stanley Fisher, is expected to raise interest rates in 2015, but “it is not a commitment.” As for the Old Continent, the ECB president, Mario Draghi, she told the newspaper Kathimerini greek “we are satisfied with the QE, has even exceeded our initial expectations, but it will take longer than expected so inflation reaches levels that are close to 2 % “. In short, while the US discuss how and when to start tightening monetary policy, the European currency even to extend and expand its action taken to support the real economy.
Monday.
Assigning the Nobel Prize for Economics
Italy: auction Bot 12 months
France: July trade balance
Use: markets closed for the Columbus Day

Tuesday.
Italy: BTP auction at 3, 7 and 30 years
Germany: Inflation in September; ZEW index of economic sentiment in October
Britain: Inflation in September
China: trade balance in September
Japan: the BoJ minute; Consumer confidence in September

Wednesday.
Eurozone: Industrial production for August
Italy: Inflation in September
France: Inflation in September
Spain: inflation in September
Britain: unemployment rate in August
Use: inflation and retail sales in September; Industrial stocks of August; Fed beige book
China: inflation in September

Thursday. Use
: inflation in September; weekly requests for unemployment benefits; Weekly crude oil inventories
Japan: Industrial production for August

Friday.
Eurozone inflation in September; August trade balance
Italy: August trade balance
Use: Industrial production in September

Arguments:

agenda of markets

agenda markets

ECB

Starring: