The central bank has just cut its interest rates for the first time in more than a decade. But in failing to signal that there will be more interest rate cuts, Chairman Jerome Powell has lured investors, who had hoped the small cut would be just the start.
2. Bank of England: Now Bank of England Governor Mark Carney takes the central bank center.
The Bank of England is expected to announce on Thursday it is holding interest rates, with little clarity on what will happen in advance of the October 31 deadline for the UK to leave the EU.
Attention will focus on what Carney has to say about the possibility of a hard Brexit, and how such an outcome could affect the UK economy.
Prime Minister Boris Johnson has spent his first days in office doubling down on his threat to leave the EU on 31 October "no matter what", raising fears that Britain will step down the bloc without a trade protection agreement .
Carney will almost certainly encounter questions about how the bank would react in that case, and the circumstances under which the bank would intervene to support the pound. Sterling is now at its lowest level against the dollar in more than two years.
3. LSE Agreement: The London Stock Exchange has agreed to purchase financial data provider Refinitive, creating a British rival to industrial juggernaut Bloomberg.
Refinitive shareholders will end up owning a 37% stake in the London Stock Exchange. The alliance agreement values Refinitive at $ 27 billion, including debt.
Thursday – Bank decision interest rate decision; General Motors () Dunkin & # 39; ( and ) Verizon ( Revenue )
Friday – US Labor Reports; Exxon () Chevron ( and ) Berkshire Hathaway ( earnings reports )