Global Economy Week Ahead: China Inflation, Europe Retail Sales, U.S. Sentiment
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The week ahead features readings on inflation from China, retail sales from Europe and consumer sentiment from the U.S., as well as speeches by top Federal Reserve officials.
ECB's Chief Economist Defends Recent QE Extension
The European Central Bank's chief economist defended the ECB's recent decision to extend its bond-purchase program by nine months, citing the need for the central bank to continue to support the economy.
Oil Hits Two-Year High but Stocks Muted in Wake of Saudi Arrests
Global stocks were roughly flat but oil prices hit a two-year high as investors watched for developments in Saudi Arabia after a string of arrests as part of a corruption crackdown.
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Dollar Hits Eight-Month High Versus Yen With Promise of Continued Easing in Japan
The yen fell to a nearly eight-month low against the U.S. dollar on Monday despite tough talk on trade by President Donald Trump on a visit to Japan, reflecting diverging monetary policy in Tokyo and Washington.
China Central Bank Governor Points Out Risks Country Needs to Address
China faces a multitude of risks to its financial system and needs to deepen changes and further open up, according to central-bank governor Zhou Xiaochuan.
Trump Presses Japan for Bilateral Trade Deal
President Donald Trump increased pressure on Japan for a bilateral trade deal, saying the country has been "winning" for decades and suggesting that negotiations have drawn on for longer than he would like.
BOJ Minutes Show Majority See Current Policy Working Well
Minutes of the Bank of Japan's September meeting show that most board members still see the current easing program working sufficiently well to hit the bank's 2% inflation target.
BOJ's Kuroda Pledges to Stick With Current Easing
Bank of Japan Gov. Haruhiko Kuroda emphasized his commitment to continue with the bank's bold easing measures, sparking a brief slide in the yen.
Saudi Crackdown Doesn't Guarantee Aramco IPO - Or Higher Oil
Oil markets are rising after the Saudi heir apparent - a big proponent of state oil firm Aramco's planned IPO - rounded up a swathe of potential rivals on Saturday night. Investors should be careful not to interpret this as the all-clear for oil prices or Aramco.
Dudley Was Key to Fed's Crisis Response
New York Fed President William Dudley will leave his post next year having played a central role helping the central bank respond to the financial crisis, while drawing fire for not doing more to prevent another one.
(END) Dow Jones Newswires
November 06, 2017 05:15 ET (10:15 GMT)