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Having already reduced their benchmark in July to 2.0%-2.25%, Federal Reserve will cut another 25 basis points on Wednesday to support the slowing economy, according to a Bloomberg survey of economists.
The Dow Jones Industrial Average rose on last Friday, posting its first eight-day winning streak in more than a year, amid improving sentiment around U.S.-China trade relations.
European Union finance ministers were holding a first discussion on Saturday about how to simplify the EU's complex fiscal rules to help make public finances more sustainable and stabilise economies throughout business cycles.
Saudi Arabia has cut oil and gas production after the drone attacks on two major oil facilities of Aramco, the largest Saudi oil processing plant, said Energy Minister Prince Abdulaziz bin Salman.
EUR/USD remains near highs despite the ECB cutting rates further into negative territory and re-booting the bond buying program. While the cut was fully expected, the QE program with no end date rattled the market.
GBP/USD has hit its highest level since July, moving higher after parliament passed legislation that would force the government to seek an extension for Brexit deadline and avoid a no-deal Brexit.
Gold is set to end lower for the third straight week and will likely remain on the defensive in the run-up to Wednesday's Federal Open Market Committee meeting.
|Server Time||HK Time||Currency||Description||Expectation|
|5:00||10:00||CNY||Fixed Asset Investment ytd/y||5.7%|
|5:00||10:00||CNY||Industrial Production y/y||5.2%|
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