Dubai: Do you love policy meetings and governmental summits? Of course you do.
And that’s probably why you’re as excited as we are for the coming week, which features not one, not two, but three (!) central bank meetings to discuss interest rate hikes, and a meeting of the world’s leaders at the G20 summit in Argentina, the first ever to take place in South America.
First things first, however. The US Federal Reserve meets this week for the first time under the leadership of Jerome Powell, for what many expect will be an interest rate hike of 25 basis points.
Do the markets have this priced in? And does it spell trouble for bonds? We break down all the implications of the rate hike for you.
Next up, will the Bank of England follow suit and raise interest rates too? Unlikely, although if the economic data set to be published this week is positive, they may certainly talk up the idea of it.
Lastly, what can we expect from the G20? Well, it’s not like world leaders are on exceptionally cordial terms at the moment.
Trade wars, actual wars, spy poisonings, cryptocurrencies, and economic partnerships are expected to define discussions at the event this week, when the governments and central bank governors from countries such as Canada, China, Germany, India, Russia, Saudi Arabia, and the UK and US meet in Argentina.
