Markets Await Fresh Impetus

tony nguyen

Following recent comments from the ECB Chief and with more Fed policymakers urging for a fresh set of measures to revive the economy, markets remain hopeful that central bankers across both sides of the Atlantic might pursue monetary policy actions to combat the economic slowdown. Slowing global growth had a “knock-on” effect on the Japanese economy with its second quarter economic growth slowing sharply. Against this backdrop, economic releases from the US and GDP data from the Eurozone look set to dominate near-term market dynamics.

With the UK economy showing no major signs of a revival, economic indicators pertaining to labour market and retail sales will be keenly tracked this week.

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