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WEEKLY REVIEW: Guessing game around the interest rate hike by the Fed goes on

14 August 2015 Konstantin Meinhardt

The first interest rate hike was more in focus this week. Market participants still speculate on that the Fed starts raising its interest rate in September. But the Fed's decision seems to be more uncertain. Reasons are the U.S. economic data and this week's yuan devaluation. China's central bank reassured market participants on Thursday, saying there was no basis for further yuan devaluation.

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Market focus

  • U.S., Japan may need more tools to shore up banking system - Fed's Rosengren
  • UK must be clear what a no-deal Brexit would mean - Bank of England Governor Carney
  • German output growth remains moderate in June - IHS Markit
  • Eurozone composite PMI hits seven-month in June - IHS Markit

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