Key Economic News To Watch This Week: March 12
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A quick preview of the key economic events for the upcoming week:
Greece is officially in default, but it did not stop the S&P 500 from ending the week on positive gains. However, with oil prices well above the $100 mark, investors will be paying close attention to Friday’s February inflation report.
Monday, March 12
The United Nations Human Rights Council meets in Geneva to discuss the situation of enforced and involuntary disappearances.
A quick preview of the key economic events for the upcoming week:
Greece is officially in default, but it did not stop the S&P 500 from ending the week on positive gains. However, with oil prices well above the $100 mark, investors will be paying close attention to Friday’s February inflation report.
Monday, March 12
The United Nations Human Rights Council meets in Geneva to discuss the situation of enforced and involuntary disappearances.
Related Story: The 21st Century Slave Trade: A Cacophony of Lies, Abuse, and Incompetence
International energy forum takes place in Kuwait.
The United States government is expected to announce its budget balance. Analysts expect the deficit to drop by $27.4 billion, an outcome attributed to improving economic conditions and higher tax revenue.
Tuesday, March 13
The United Kingdom’s largest insurance group, Prudential, is expected to report a 10 percent rise in operating profits when it makes its full year announcement this Tuesday.
The United States Senate may take up a proposal from Senator Pat Roberts to boost oil and gas production on U.S. lands and approve TransCanada Corp.’s proposed Keystone XL pipeline.
Related Story: Dirty Oil, Dirty Tactics – The Keystone XL Pipeline: Jody Williams & Desmond Tutu
Thursday, March 15
European Consumer Day is observed in Copenhagen, with the focus on ‘Sustainable Consumption in a Time of Crisis.’ Discussions will look at whether the current financial crisis plays a role in sustainable consumption patterns as new needs have appeared and new ways of buying have emerged.
Related Story: Ensuring Sustainable Development Is A Matter Of Human Decency: Jeffrey Sachs
Trade agreement between South Korea and the US comes into effect.
Friday, March 16
In line with Ben Bernanke’s outlook that ‘rising gasoline prices are likely to push up inflation temporarily’, the United States CPI is expected to jump by 0.4 percent month on month, up from January’s 0.2 percent.
The International Labour Organization holds a conference in Brussels on the topic ‘Decent Work for Youth – the EU Dimension’.
Related News: Eurozone Unemployment and Inflation Creep to Record Highs
Related News: UK Unemployment Reaches 17-Year High
In Pictures: Ten Most Jobless Countries
Saturday, March 17
China Development Forum held in Beijing.
