Business calendar: ECB braces for another big hike

STORY: Here are the big stories in business and finance to watch out for in the week ending September 9.

The European Central Bank is set to deliver a second interest rate hike on Tuesday.

With record high inflation fast approaching double digits - a jumbo-sized 75-basis-point rise might be on the way.

Oil markets are bracing for another shake-up from the OPEC+ meeting in coming days.

Saudi Arabia has already hinted at possible production cuts.

Surging energy costs have hurt global economies this year - as the war in Ukraine feeds concerns about supply.

Liz Truss or Rishi Sunak will be announced as Britain's new prime minister on Monday.

The victor will inherit the most daunting economic backdrop in decades - with an incoming recession, surging inflation and the pound at a record low.

The monthly services sector survey on Tuesday will give investors some insight into the Fed's likely interest rate path.

Signs of continued strength could reinforce the Fed's full throttle fight against inflation.