Key Economic News to Watch This Week: April 9
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
A quick preview of the key economic events for the upcoming week: After Spain’s disappointing debt auction last week, investors are anticipating Italy’s performance as it heads for its own debt sale later this week. Spain and Italy, both saved by the ECB’s LTRO cheap liquidity injection, are generally the two countries considered most susceptible to a second round of problems that could break the euro and disrupt the eurozone’s recovery process.
Monday, April 9
A quick preview of the key economic events for the upcoming week: After Spain’s disappointing debt auction last week, investors are anticipating Italy’s performance as it heads for its own debt sale later this week. Spain and Italy, both saved by the ECB’s LTRO cheap liquidity injection, are generally the two countries considered most susceptible to a second round of problems that could break the euro and disrupt the eurozone’s recovery process.
Monday, April 9
Turkish Prime Minister visits China, the first official visit in 27 years, to boost business and political ties.
Ben Bernanke speaks at the Financial Markets Conference, and is expected to discuss mortgage finance governance and other financial policy issues.
The Gulf Petroleum Conference, organised by Kuwait and the International Energy Agency, is expected to feature policymakers and industry members from the Gulf Co-operation Council.
Related Story: Could A Gulf War III Erupt Between Iraq And Kuwait Over Oil?
Tuesday, April 10
Japan is expected to announce its interest rate decision. Bank of Japan governor Masaaki Shirakawa has hinted that the benchmark rate will remain at 0.10 percent to help the government and private sector boost the country’s growth prospects.
Cargill, world’s biggest agricultural trader, reports its Q3 results, after net profit fell 78 percent in the first half of its fiscal year. The company says the industry is facing strong challenges such as ‘political uncertainties’ as the sector consolidates.
Wednesday, April 11
The OECD publishes its “Better Regulation in Europe: Italy 2012” review that analyses the core issues that make up effective regulatory management, and seeks to lay down a framework for what should be driving policy and reform.
Related Story: Who Will Win The War Over Financial Regulations?
Thursday, April 12
North Korea plans to launch ‘satellite’ into orbit.
Related News: North Korea Plans to Launch ‘Satellite’ To Mark Birth Anniversary of Its Founder
Italy conducts another round of debt auction. However, with last week’s disappointing Spanish debt auction, investors will be paying attention to the Italian auction, which could spell doom for the euro and the overall EU debt crisis, should borrowing costs spike once again.
The Disneyland Paris holiday resort and theme park marks the 20th anniversary of its opening. With more than 15 million visitors a year, it is the most visited themed attraction in Europe.
“Reflections on the Falklands War, 1982”, a lecture by Major General Julian Thompson, visiting professor of war studies at King’s College London, takes place at the Royal United Services Institute in Whitehall, London.
Related News: Argentina Threatens Legal Action in Falkland Faceoff Over Oil
Saturday, April 14
34 Head of States and governments of the Americas will meet in Columbia for the sixth Summit of the Americas. US secretary of state Hillary Clinton will be addressing the theme ‘Connecting the Americas: Partners for Prosperity’, while the leaders of the Western Hemisphere discuss common policy issues and new challenges faced in the Americas. However, Cuba has been excluded from the summit, and Ecuador’s president Rafael Correa has said his country would not attend the Summit, or any other gathering that excludes Cuba, or fails to address the region’s most pressing issues.
Related News: Pope Calls for the End of 50-Year-Old US Trade Embargo On Cuba
