Most central banks around the world have interest rates near to or even below zero with many still firmly in an easing cycle. The ECB and PBOC sent risk assets higher last week with both their words and actions as the markets are now expecting not only the Federal Reserve to keep rates on hold this December, but the ECB to loosen monetary policy even further. With evidence globally that shows growth is either slowing or struggling to gain any traction we could see central bank largesse continue. A big week for the markets with a very busy economic calendar that includes the release of UK and US GDP data as well as the Federal Reserve’s October interest rate meeting on Wednesday. US consumer confidence on Tuesday is also noteworthy and is expected to dip a little from its multi-year highs. The week kicks off with German IFO data this morning which is expected to dip from August to September and then later this today US new home sales are released. All eyes remain heavily focused on economic data and with an FOMC decision volatility could pick up this week.