Markets moved sideways this week as end of quarter portfolio dressing took hold and investors looked ahead to next week when Alcoa kicks off earnings season on Thursday.

It looks to be a week as we start with a Bank of Japan meeting where FX intervention will be on everyone’s mind. Tuesday’s statement will be closely watched for clues as to further intervention. Wednesday brings us the final statement on 2nd Q GDP from the EU and Alcoa kicks off earnings season on Thursday.

Next Week

China is on holiday until Friday.

Monday – US Pending Home Sales, Bank of Japan meeting

Tuesday – Bank of Japan Monetary Policy Announcement,

Wednesday – EU 2nd Q GDP final

Thursday – Alcoa kicks off the 3rd Quarter earnings season in the US, Great Britain GDP estimate, Bank of England Policy Announcement, ECB Policy Announcement

Friday – US September Unemployment Rate

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