While SA reports on reserve figures, the US’s political stalemate between the Republicans and Democrats will continue to preoccupy global markets.
US political developments will affect global markets as feuding politicians may temporarily shut down portions of its federal government.
Nigeria’s sharp decline in inflation may be caused by a new 50% cash reserve requirement on public sector deposits held at commercial banks.
Monetary policy decisions by the US Federal Reserve and SA Reserve Bank will keep economists and investors on the edge of their seats this week.
Labour strikes, the US’s possible intervention in Syria and data from South Africa, China and the UK will determine this week’s economic mood.
The spectre of a US airstrike on Syria will loom over global markets as the uncertain implications of military action keep investors jittery.
Economists will be on the lookout for growth figures from the US and SA, while the Bank of England’s governor will seek to clarify policy intentions.
SA’s latest inflation figures, manufacturing updates from China and housing data from the US are some of this week’s big items on the data diary.
All eyes are on consumers as the markets wait for updates on the eurozone recession, US consumer sentiment and SA retail sales, writes Matt Quigley.
Central bank decisions, the latest economic reports and new South African mining and manufacturing data will keep investors and economists hopping.