Key Economic News to Watch This Week: April 8
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After a weaker-than-expected U.S. monthly jobs report on Friday, markets can expect the parade of weak March data to continue into the week. However, the upside to these signs of weakness is that they suggest the US Federal Reserve will stick to its stimulus measures to help bolster growth.
After a weaker-than-expected U.S. monthly jobs report on Friday, markets can expect the parade of weak March data to continue into the week. However, the upside to these signs of weakness is that they suggest the US Federal Reserve will stick to its stimulus measures to help bolster growth.
Monday, April 8
President Barack Obama is expected to send his budget for the fiscal year that begins on October 1 to Congress this week, more than two months late. Democrats and Republicans remain deadlocked over spending and taxes and how to cut the deficit.
Related News: US Lawmakers Told to Pass Budget or Have Pay Withheld
Chinese President Xi Jinping delivers the keynote speech at the three-day Boao Forum for Asia, a high-level forum for Asian government and business leaders, which is modelled on the World Economic Forum in Davos.
Tuesday, April 9
The Russian Duma votes on the nomination of Elvira Nabiullina as new head of central bank. Nabiullina, a former economics minister joins Central Bank at a challenging time and is expected to align the regulator’s monetary policy closer to the Kremlin’s.
Related News: Nearly $50bn Left Russia Illegally in 2012, Reveals Central Bank
Wednesday, April 10
The World Trade Organisation Trade Policy Review Body meets in Geneva to focus on Indonesia. All WTO members are reviewed, the frequency of each country’s review varying according to its share of world trade.
Related News: Indonesia To Be Top Ten Economy By 2025: Citi
Related News: Indonesia Could Overtake Germany and UK By 2030
The minutes of the March Federal Open Market Committee meeting are released and analysts will be looking for insight into the debate regarding the amount and duration of bond purchases the US central bank is executing. While the Committee voted to maintain its monthly purchases of $85 billion, Fed Chairman Ben Bernanke said in his press conference last month that some participants discussed the costs of maintaining the program.
Related News: US Federal Reserve Increasingly Divided Over QE3
North Korea is expected to carry out a new nuclear test, according to intelligence reports.
Sunday, April 14
A presidential election is held in Venezuela following the death in March of Hugo Chávez. Former vice-president and acting President Nicolas Maduro, 50, is expected to win comfortably.
