RAYC - The Week Ahead

• The first full week of September is jam-packed. The highlights include the ECB meeting and China's inflation. The Reserve Bank of Australia and the Bank of Canada also meet.
• The key issue is that the ECB boosted its bond-buying under the Pandemic Emergency Purchase Program.
• The unexpected 1.1% contraction (annualized) in Q2 has tempered the already low expectations for the Bank of Canada meeting less than two weeks before the national election.
• Despite the lockdown, Australia struggles to bring the virus under control. In addition to the human tragedy, the economy is taking a knock.
• China's also due to report August trade figures in the days ahead. A slightly smaller surplus is expected amid softer exports and imports.

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