Key Economic News to Watch this Week: September 17
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Federal Reserve chairman Ben Bernanke launched QE3 last week, a move that would see monthly bond purchases worth $40 billion carried out alongside Operation Twist. At the same time, Bernanke promised to undertake additional purchases and employ other monetary tools “if the outlook for the (US) labour market does not improve substantially”. How will this affect the US and other global markets?
Federal Reserve chairman Ben Bernanke launched QE3 last week, a move that would see monthly bond purchases worth $40 billion carried out alongside Operation Twist. At the same time, Bernanke promised to undertake additional purchases and employ other monetary tools “if the outlook for the (US) labour market does not improve substantially”. How will this affect the US and other global markets?
Related Story: Global Economy On The Verge Of Crashing Into ‘Brick Wall’: Nouriel Roubini
Monday, September 17
The troika inspectors, or officials from the European Commission, the International Monetary Fund and the European Central Bank, arrive in Cyprus for discussions over a bailout deal. Cyprus has become the fifth eurozone member to seek international aid.
An IMF delegation visits Turkey for monitoring.
The International Atomic Energy Agency holds its 56th general conference in Vienna. The conference is the IAEA’s highest policy making body.
Tuesday, September 18
The Global Islamic Finance Forum opens in Kuala Lumpur. The three-day event is expected to feature financial industry practitioners, regulators, Shariah scholars and business communities from around the globe to discuss prospects for Islamic finance in bridging economies and strengthening connectivity.
Thomson Reuters holds its 4th Outlook for Global Emerging Market Debt conference in London. The conference will assess how far emerging markets are displacing developed markets as ‘safe havens’ from global volatility as emerging markets increasing achieve investment grade status.
Related News: Norway Dumps Eurozone Debt For Emerging Markets
Wednesday, September 19
Mario Draghi, president of the European Central Bank is scheduled to speak at the European Systemic Risk Board meeting in Frankfurt. Draghi had recently announced that the ECB will purchase unlimited quantities of government debt from Spain and Italy to promote stability across the euro region.
Related News: ECB Defies Germany with Unlimited Bond Buying Plan
Pascal Lany, director-general of the World Trade Organisation, makes an official visit to Singapore and China.
Aung San Suu Kyi begins a three-day visit to the United States, where she will also receive the Global Citizen award from the Atlantic Council, an international affairs think-tank.
Forbes publishes its annual list of the 400 richest Americans.
In Pictures: Rich and Generous: 7 Unknown Philanthropists
Thursday, September 20
The Governing Council and General Council of the European Central Bank gather for an important monetary policy meeting in Frankfurt.
Wen Jiabao, the Chinese premier, attends an EU-China summit in Brussels.
Related News: China Promises to Keep Investing in Eurozone
Mariano Rajoy, the Spanish prime minister, begins a two-day visit to Italy, where he will hold talks with his counterpart Mario Monti in Rome.
Sunday, September 23
Mohamed Morsi, Egypt’s first democratically elected president, visits the United States.
