ECB rate decision and U.S. inflation data dominate markets on the 10th

  • ECB is expected to cut its policy rate from 2.65% to 2.40% on Sept. 10.
  • U.S. PPI is forecast at 5.2% year over year, up from 4.7%.
  • No cryptocurrency-specific events are scheduled for Sept. 10.

The ECB policy rate decision and President Lagarde's press conference will be the main focus of markets on Sept. 10. Investors expect a cut from 2.65% to 2.40%, which would mark two consecutive meetings of easing after the ECB reduced rates at its previous meeting. Germany's August consumer price index will be released at 3 p.m. Japan Standard Time, followed by the ECB decision at 9:15 p.m. and press conference at 9:45 p.m. U.S. August producer price index and initial jobless claims are scheduled for 9:30 p.m., while existing home sales are due at 11 p.m. Markets will assess the data for implications for inflation, Treasury yields and Federal Reserve policy. Japan will release weekly portfolio investment flows, and Bank of Japan Policy Board member Yuki Masujima will speak at a forum in Fukui Prefecture. Brazil, Turkey and OPEC are also scheduled to provide economic or energy-market information. No cryptocurrency-specific events are scheduled for the day.

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