Central bankers take centre stage again this week, with monetary policy decisions from the US Federal Reserve on Wednesday and the Bank of Japan on Thursday.
There are also plenty of growth indicators published this week for clues on third quarter gross domestic product. These include purchasing manager data in Europe and the US, retail sales in the UK and eurozone construction output and consumer price inflation.
But it's the monetary policy meetings that catch the eye, even though there have been some fairly dovish signals from both the Fed and the Bank of Japan (BoJ) recently.
Setting the stage for rate hike number three?
Three or four months ago, the markets firmly believed the Fed would be making a total of at least three rate moves this year – some suggesting one at Wednesday's September meeting and a further quarter-point rise in December.
A couple of limp inflation readings later and there are doubts that even a third rate hike will be undertaken by the US central bank after its two quarter-point increases in March and June that lifted the Fed funds rate to a range between 1%-1.25%.
Earlier this month Neel Kashkari, president of the Minneapolis Fed district, said the hikes already made may be "doing real harm" to growth prospects.
He said it was possible the rate increases over the past 18 months were "leading to slower job growth, leaving more people on the sidelines, leading to lower wage growth, and leading to lower inflation and inflation expectations".
Indeed, many analysts believe the Fed will now put policy on hold for the rest of the year.
"In recent months, investors have pared back their expectations for future increases in the US federal funds rate," says John Higgins at Capital Economics, citing low inflation and the economic impact of recent hurricanes.
BoJ seeks 'normalising' path
The BoJ has already started the process of unwinding its stimulus measures – albeit the small step of shifting to yield curve control.
Some have called it a "ninja exit" or "stealth tapering" as the BoJ reduces it monthly bond purchases by only the amount it needs to keep long-term bond yields where it wants them.
Most believe that with annual consumer price inflation at just 0.7% the BoJ is still a long way from making a move on interest rates, despite above trend growth.
Rob Carnell, Asia-Pacific head of economic research at ING, says: "Governor Kuroda will see no benefit in changing the BoJ stance now, especially against the background of dollar weakness. Any change would likely fly straight into a stronger yen and start to undo any of the good the policy may be doing."
Markit purchasing manager surveys: US and eurozone
The US Institute of Supply Management's ISM indexes, like European Markit purchasing manager indexes (PMI) register growth in business activity when the index is above 50.
Markit PMI measures in the US, however have not been quite so robust as the ISM measures.