Next Week News

Though the robust economic expansion provides confidence that euro area inflation will hit the target in future, it is yet to show any convincing trend of a pick up, prompting policymakers to delay a review of the massive stimulus until the fall, European Central Bank President Draghi said Thursday.

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Australia's central bank decided to leave its key interest rate unchanged at a record low for the eleventh consecutive meeting on Tuesday, and cautioned that rising currency is likely to weaken inflation and weigh on economic activity.

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Members of the Reserve Bank of Australia's Monetary Policy Board have noted the continued improvement of global economic conditions, minutes from the bank's August 1 meeting revealed on Tuesday.

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The Brazilian meat packer JBS reported a net profit of R$ 309.8 million (US$ 97.15 million) in the second quarter of 2017, a 79.8% decrease over the same period in 2016. Analysts expected a R$ 488,175 million (US$ 153.09 million) profit.

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After reporting a sharp jump in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing a sharp pullback in durable goods orders in the month of July.

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Mexican Foreign Minister Luis Videgaray held a meeting with Rex Tillerson, Secretary of State of the United States, to discuss issues on the bilateral agenda, including the Free Trade Agreement of North America (NAFTA) renegotiation and the Hurricane Harvey's effects in Texas.

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Australia posted a seasonally adjusted merchandise trade surplus of A$460 million in July, the Australian Bureau of Statistics said on Thursday - down 48 percent on month.

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The unemployment rate in Australia held steady at a seasonally adjusted 5.6 percent in August, the Australian Bureau of Statistics said on Thursday.

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Following the decision by the U.S Federal Reserve’s (Fed) Open Markets Committee not to raise interest rates following its two-day meeting, the expectation by the market of an interest rate hike at the end of this year in December is put at 67%. The FOMC has set October for balance sheet reduction.

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Job advertisements in Australia showed no variations in September after rising in the previous six months, latest survey from the Australian and New Zealand Banking Group revealed Tuesday.

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