Monday: Fed governor Lael Brainard and Federal Reserve Bank of Atlanta President Dennis Lockhart will give clues whether the US federal Bank will move interest rates this mouth. Ms. Brainard has been a skeptic of increasing rates when inflation is still low.
Tuesday: Industrial production in China. Expectations are for a growth of 6.0% to 6.2%, prompted by new orders and continuing political support. After slowdown in July, investors will look for signs of stability in the world’s second-largest economy.
Thursday: Bank of England is expected to leave interest rates unchanged at its meeting this week. Minutes of officials’ deliberations may offer fresh clues to their thinking on Britain’s post-Brexit economy particularly on whether another rate cut is still in the cards later this year given that growth appears to be holding up better than expected.
In the US, the government will release data on it's retail sales on Thursday. Analysts expect a fall in sales in August by 0.1%. Consumer spending has been performing quite well this year, but negative results in July raised concerns about the outlook for the second half of 2016.
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