Central bank chiefs from the EU, UK, US and Japan gather in Frankfurt for a monetary policy pow-wow, while Europe's biggest economies unveil their latest readings on inflation and growth. Ciara Lee reports on the week ahead.
BROADCAST AND DIGITAL RESTRICTIONS~ **Broadcasters: NONE Digital: NONE **~ ECB Chief Mario Draghi U.S Fed Chair Janet Yellen And Bank of Japan Governor Haruhiko Kuroda The all-star panel at this week's ECB-hosted conference in Frankfurt. A flattening of government bond yield curves on both sides of the Atlantic of late, suggests investors may have doubts over the future path of inflation and may be starting to price in a downturn just as the global economy picks up speed. This could prompt verbal interventions from the three. (SOUNDBITE) (English) CIBC, HEAD OF FX STRATEGY, JEREMY STRETCH, SAYING: "Monetary policy dynamics still remain very much on the market's radar and I think that's still the theme I think in a sense. Markets are becoming a little fixated from the U.S. side of the equation in terms of the corporate tax backdrop. I think we need to be considering the policy backdrop for 2018 a little more closely." Further indication for Europe's recovery also due this week, with both German and French GDP data out. It follows stronger industrial orders and payrolls numbers from France on Friday. (SOUNDBITE) (English) CIBC, HEAD OF FX STRATEGY, JEREMY STRETCH, SAYING: "I think the French economic backdrop has recovered from the worst of the ravages of the downturn it is starting to generate stronger growth." A flash estimate of third-quarter GDP in the euro area will be released on Tuesday Followed by October's inflation reading on Thursday. (SOUNDBITE) (English) CIBC, HEAD OF FX STRATEGY, JEREMY STRETCH, SAYING: "Well I think what we've seen in terms of the forward looking survey indicators across the euro zone has been. An underlying metric of growth looking pretty encouraging. So I suspect that will be reflected in terms of the GDP estimates." Carney will also be at the central bankers conference As key data in the UK is due. With Brexit issues looming, inflation, retail and unemployment data this week likely will be under scrutiny.