US Durable Goods Orders exceed market expectations

Durable goods orders in the United States rose by 1.7% in August, beating market expectations of 1.0%. The data came today after a drop of 6.8% in July, according to data from the Statistics Office.

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Yellen: Uncertainty strengthens the gradual approach to raise interest rates

The remarks by Janet Yellen, Federal Reserve Governor, were as follows:

• A gradual approach to rate hikes is appropriate in the light of subdued inflation.
• It would be unwise to leave interest rates unchanged until inflation reaches 2%.

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Highlights of BOJ Monetary policy meeting minutes

Following are the highlights of the BOJ meeting held on July 19 and 20:

• Many members agreed that inflation expectations were no longer falling.
• Companies gradually moved towards raising wages.

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Evans: We shouldn't raise interest rates before ensuring the sustainability of inflation growth

US Federal Reserve member Charles Evans made many statements, the most prominent of which were:

• The Fed needs to see clear signs of rising inflation before raising rates again.
• It is appropriate for the FED to follow the policy of caution and gradually hike.

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Abe will dissolve the parliament when it convenes this weekend

Shinzo Abe, Prime Minister of Japan, made the following remarks:

• Dissolving the parliament to resolve the national crisis.
• Determined to protect Japan by gaining people's trust.

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China's Ministry of Finance tracking down China's credit rating as a wrong decision

China has rejected a move by Standard & Poor's to downgrade China's sovereign debt rating and described it as a wrong decision that ignores sound economic fundamentals and development prospects.

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Joint ministerial monitoring committee for oil producers meets today

The joint ministerial monitoring committee of oil producers participating in the cut-off agreement meets today, consisting of OPEC members: Algeria / Venezuela / Kuwait and non-OPEC members: Russia / Oman. Although this committee was formed only to monitor the compliance of the countries participating in the agreement to the production reduction process, discussions are likely to dominate the possibility of extending the period of production cuts and / or deepening production cuts.

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ECB Monthly Bulletin: FX volatility is one of the sources of uncertainty that needs to be monitored

Following are the highlights of the European Central Bank's monthly bulletin:

• Recent exchange rate volatility represents a source of uncertainty and require monitoring with regard to their potential impact on the medium-term outlook for price stability.

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