After the US Federal Reserve stole the limelight last week with their 50 basis points interest rate cut, it was the Chinese who were at the centre of attention this time.

By the time the Federal Reserve (the Fed) met to discuss interest rates, it was no longer a case of will they or won’t they, but how much would they decide to cut by.

This week was a busy one for economic data. In the Eurozone we saw the European Central Bank (ECB) decide to cut the deposit rate by a further 0.25%, to 3.5%.

After weaker than expected US employment data in recent weeks, along with comments made by Governor Powell at the recent Jackson Hole Economic Symposium, eyes were firmly focussed on non-farm payroll data.

All eyes are focussed on Jackson Hole this week, in particular Jerome Powell, as investors and economists alike look for further guidance as to when we may see the first interest rate cut in the US.

Whilst there were economic data releases for the market to get their teeth into, this week has been one where markets have been very much driven by corporate earnings releases.