Monday Outlook: ECB in Focus

 

Following last week’s big moves from central banks – the U.S. effectively ending quantitative easing and Japan ratcheting up their version of QE – all eyes this week will be on the European Central Bank when they meet Thursday. No big news is expected, though Eurozone refinancing rates remain at record lows and some analysts suggest the ECB may need to begin a bond-buying program similar to the one in the U.S. in order to boost its current inflation rate of 0.4 percent.

 

Economic Calendar

Tuesday:

U.S. Election Day

U.S. Dairy Products 7:30 AM CT

U.S. Gallup ECI 8:30 AM ET

U.S. International Trade 8:30 AM

 

Wednesday:

FIA Expo Sessions begin

ADP Employment Report 8:15 AM ET

Gallup Job Creation Index 8:30 AM ET

Minneapolis Federal Reserve Bank President Narayana Kocherlakota speech 9:15 AM ET

Richmond Federal Reserve Bank President Jeffrey Lacker speech 9:30 AM ET

Boston Federal Reserve Bank President Eric Rosengren speech 10:00 AM ET

 

Thursday:

European Central Bank Governing Council Meeting 3:00 AM ET

Federal Reserve Gov. Jerome Powell speech 12:45 PM ET

Cleveland Federal Reserve Bank President Loretta Mester speech 7:05 PM ET

 

Friday:

U.S Employment Situation 8:30 AM ET

Federal Reserve Chair Janet Yellen speech 10:15 AM ET

Federal Reserve Gov. Daniel Tarullo speech 2:30 PM ET

 

Links:

A collective reaction to Bank of Japan’s easing announcement from analysts and fund managers (The Wall Street Journal)

7 votes farmers should be watching on election day (Ag Web)

Will a change in the Senate boost the U.S. economy? (Yahoo Finance)

U.S. GDP increased 3.5% in Q3 but challenges lie ahead (L.A. Times)

Euro, Yen Fall To Dollar Ahead Of U.S. Jobs Report (Forbes)

Are ‘Alternatives’ an Asset Class? (The Wall Street Journal)

In times of drought or flood, research on roots may hold the answers on how to grow crops (Scientific American)

 

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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