Key Economic News to Watch This Week: April 29
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Italy’s two-month political deadlock ended on Saturday when PM-designate Enrico Letta named a coalition government to be confirmed by parliament within days. This week also, investors will be paying close attention to any central bank action as the Fed and ECB hold their key interest rate meetings.
Monday, April 29
Italy’s two-month political deadlock ended on Saturday when PM-designate Enrico Letta named a coalition government to be confirmed by parliament within days. This week also, investors will be paying close attention to any central bank action as the Fed and ECB hold their key interest rate meetings.
Monday, April 29
Arab League ministers are expected to meet U.S. secretary of state John Kerry in Washington to revive an Arab-Israeli peace initiative. Though unconfirmed by the U.S., Kerry is expected to meet foreign ministers from Saudi Arabia, Qatar, Egypt, Morocco and Jordan as well as a Palestinian Authority representative.
Related: Arab States Promise $100 Million Monthly Aid to Palestine
Shinzo Abe visits Russia, the first official visit by a Japanese prime minister in a decade. Discussions are set to focus on energy deals and a territorial row unresolved since the end of World War II.
The European Commission Task Force for Greece presents its fourth quarterly progress report on technical assistance for Greece. Over the past quarter, the Greek authorities have made greater use of technical assistance to support a wider range of reforms. The report will give a comprehensive review on the 93 work-streams in 12 principal policy fields the TFGR is presently working on.
Related: Greece to Return to Growth in 2014, Predicts Troika
Tuesday, April 30
Ford Motors is expected to hold a press event in Burma, where it is likely to announce its entry to Myanmar car market.
Wednesday, May 1
The Federal Open Market Committee is widely expected to keep its current pace of bond buying at $85 billion a month when it makes it announcement on Wednesday.
May Day or International Labour Day is observed in many cities worldwide.
Thursday, May 2
European Central Bank head Mario Draghi is to speak after the bank’s meeting in Bratislava to set eurozone interest rates. Speculation is rife that the ECB will have to cut interest given the dreary run of economic news from the region.
Related: Unemployment in Spain and France Soars to Record Highs
Related: Germany’s Rating on Negative Outlook, Despite Maintaining Triple-A Status
The Asian Development Bank meets in New Delhi. Nearly 4000 leaders will discuss issues that are critical for sustaining high and inclusive growth in Developing Asia.
Friday, May 3
The European Commission will publish its spring economic forecast for 2012-2014 covering Gross Domestic Product (GDP), inflation, employment and public budget deficits and debt, amongst others. These forecasts focus on all 27 EU Member States, as well as other major world economies such as the United States, China, Japan and Russia.
Sunday, May 5
A general election will be held in Malaysia in what is seen as a major test for Prime Minister Najib Razak’s ruling coalition.
