Guardian Stockbrokers Key Economic News Tuesday 29 September 2020

The key points from today's business news that Guardian Stockbrokers brought you.

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The ECB President says the central bank is ready to provide further monetary policy stimulus

The President of the European Central Bank (ECB), Christine Lagarde, said in her recent speech that the central bank is ready to provide further monetary stimulus if necessary to support the recovery from the pandemic. However, Lagarde pointed out that the eurozone recovery is uncertain and incomplete as consumers spend cautiously and companies reluctant to invest. She also warned that the public health crisis will continue to weigh on economic activity and pose downside risks to the economic outlook. She also stated that deflation will continue in the coming months, also due to the recent appreciation of the euro.

The Dallas Fed's US manufacturing index rose in September

In the US, the Dallas Fed's manufacturing index rose to 13.60 in September from 8.00 in the previous month.

The Japanese CPI in Tokyo rose in September

In Japan, the Tokyo Consumer Price Index (CPI) was up 0.20% year-over-year in September, compared with a 0.30% increase in the previous month.

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