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Both the Bank of Japan and the European Central Bank hold monetary policy meetings this week. No interest rate action is expected. However, market players will be listening carefully to ECB President Wim Duisenberg's comments at the press conference following the meeting. Currency traders remain on edge and will be looking for further intervention signals given the euro's slump.
Political uncertainties abound. It is doubtful that the political indecision will end in either the United States or Japan this week. Canada's short but vituperative election campaign ends with today's (Monday) election and though the Liberals still seem on track for another majority government, recent polls suggest the party's support is eroding, raising the possibility that the Liberals could return to power with only a minority government. The markets will have to deal with the uncertainty a little longer...
Introduction • Global Stock Market Indexes • Recap of Global Markets • Currencies • Indicator Scoreboard
The Bottom Line • Looking Ahead
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