ECB’s Plan to Set Limits on Yields, FOMC Minutes the Focus of the Week

Financial markets consolidate in Asian session on Monday, not only because we have a light calendar today but also because investors await European leaders’ discussions about the debt crisis in the region. A German newspaper Der Spiegel reported that the ECB might decide at the September meeting to set yield limits on each member country’s debt. In this week, the Fed will release the meeting minutes which might unveiled policymakers’ views on the economic outlook in the US and their preference for adding further non-standard easing measures to the market.

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ECB’s Plan to Set Limits on Yields, FOMC Minutes the Focus of the Week