Global markets await important economic events
17/9/2018 12:00 am
week, North Korea and its southern neighbor are expected to hold a summit, along with the BoJ meeting and the release of economic data in a number of countries. South Korean president is scheduled to meet with his North Korean leader Tuesday in Pyongyang. The head of the South Korean national security office announced this month that Kim Jong-un had a strong desire to take stronger nuclear disarmament measures from the island. The two neighbors agreed to open a joint liaison office at the industrial complex of Gaesong north of the border before the summit. In June, the US president met his North Korean counterpart and signed a comprehensive document aimed at denuclearizing the Korean Peninsula.
Bank of Japan The central bank of Japan will hold its monetary policy meeting on Wednesday to approve the interest rate amid expectations that it will remain unchanged.
In July, the inflation rate stabilized the basis that excludes food in Japan at the June level and scored 0.8 percent; short-term interest rates in Japan are currently -0.1 percent. Economic Data A series of important economic data is being released this week in Europe and the United States. On Monday, the euro zone will release final inflation data for the month of August amid expectations of a stable reading with initial data at 2 percent. The ECB last week decided to set interest rates and confirm its plan for the bond purchase program, with purchases to end by the end of the year.
The UK is due to release its CPI data on Tuesday, with inflation expected to slow by 2.4 percent.
Last August, Britain's inflation rate rose for the first time in 2018 and hit 2.5
For the United States this week, a series of data on homes will be announced, revealing Tuesday the construction of houses and building permits.
On Thursday, data on existing home sales are released.[/rtl]