A look at the day ahead in European and global markets from Sonali DesaiThe People's Bank of China (PBOC) managed to liven up the wait for Tuesday's highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months.
Several analysts had been expecting a cut to the one-year medium-term lending facility rate on Thursday, when the PBOC is widely expected to roll over maturing loans.
The move had little broader impact on markets in the run-up to tonight's U.S. CPI release and this week's major central bank decisions.
Europe's calendar highlights include UK employment data, Germany's ZEW survey for June and final May inflation data, and Bank of (BoE) Governor Andrew Bailey's parliamentary testimony.
In the U.S., CPI data is likely to dominate market interest and factor into the Federal Open Market Committee's (FOMC) deliberations as it begins a two-day meeting.
Persons:
Sonali Desai, Tuesday's, SoftBank Group's, BoE, Andrew Bailey's, BoE policymaker Catherine Mann, Bailey, CPI BoE Governor Bailey, ECB's Pablo Hernandez de Cos, Andrea Enria, FOMC, Christopher Cushing
Organizations:
People's Bank of China, U.S, CPI, U.S ., Intel, Reuters, Bank of, bps, Federal, Reuters Graphics Reuters, Economic, Thomson
Locations:
Asia, U.S . Federal, U.S