Anxious Markets Anticipate Central Bank Action
Stocks rose around the world, buoyed by rising commodities prices, and the dollar weakened before central bank policy meetings this week. Major oil producers will meet next week in Algiers to discuss cooperating to shore up prices amid a global oversupply that has hurt state budgets. Before that, the Bank of Japan will undertake a review of its monetary policy and the Federal Reserve will meet to determine whether to raise rates. Volatility has picked up in financial markets over the past two weeks amid concern central banks are becoming reluctant to loosen monetary policy, while at least three bombs discovered in New York and New Jersey over the weekend may increase political turmoil. Bank of America Merrill Lynch Chief European Economist Gilles Moec discusses with Bloomberg's Francine Lacqua on "The Pulse."