Key Economic News To Watch This Week: April 2
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A quick preview of the key economic events for the upcoming week:
This week, investors will be eagerly anticipating the European Central Bank interest rate announcement. The Bank that has so far provided bailout money at a benchmark rate of 1 percent is expected to make its announcement on Wednesday. Should the Bank decide to increase the rate, investors fear the PIIGS would not be able to handle the higher debt servicing costs.
A quick preview of the key economic events for the upcoming week:
This week, investors will be eagerly anticipating the European Central Bank interest rate announcement. The Bank that has so far provided bailout money at a benchmark rate of 1 percent is expected to make its announcement on Wednesday. Should the Bank decide to increase the rate, investors fear the PIIGS would not be able to handle the higher debt servicing costs.
Related Story: Bailouts Alone Will Not Solve Europe’s Fiscal Problems: Leszek Balcerowicz
Monday, April 2
The 30th anniversary of the Argentine invasion of the Falkland Islands is marked. Argentina stages a veterans’ day of commemoration.
Related News: Argentina Threatens Legal Action In Falkland Faceoff Over Oil
ASEAN trade and foreign affairs ministers meet in Phnom Penh for a three-day summit. The ministers are expected to exchange views on regional and international affairs, as well as implement the ASEAN charter which came into effect in 2008.
Related News: ASEAN+3 Beef Up Defences Against Currency Volatility
Related News: Economic Relationship Among ASEAN Nations
GovSec, government security conference and exhibition opens in Washington. Among the speakers, Senator George Mitchell, a former US special envoy and Ralph Boelter of the FBI will discuss issues ranging from counter terrorism to cybercrime.
Bidding closes in the sale of more than 5,500 items from the ocean floor, recovered from the wreck of the Titanic. The sale, handled by New York based Guernsey’s, is expected to raise $189 million.
Tuesday, April 3
Africa Investment Forum takes place in Ghana, with the focus on strengthening African trade links and increasing new investments.
Related News: Africa To Receive $3.5 Billion Investment From IFC In 2012
The UK Ministry of Defence publishes fatality and casualty statistics of UK military and civilian personnel on operations in Afghanistan.
German Chancellor Angela Merkel meets with her Czech counterpart, Petr Necas, in Prague.
The European Commission is expected to release its third review of the Economic Adjustment Programme for Portugal.
Wednesday, April 4
The European Central Bank is expected to announce its monetary policy decision for the euro area.
Related News: ECB Opens Up $700 Billion Lifeline
Related Story: Euro-oddity – The ECB’s Peculiar Stance On Greece’s Debt: Joseph Stiglitz
Auction house Christie’s holds the sale of the Hugo Collection in Paris on the 210th anniversary of writer and politician Victor Hugo’s birth.
The 10th Moscow International Energy Forum opens in the Russian capital, with the main topic ‘World Energy and Sustainable Development in the 21st Century’.
Friday, April 6
Six former US trade representatives debate the challenges on trade at the Centre for Strategic and International Studies in Washington.
The New York International Auto Show opens.
Sunday, April 8
Turkish Prime Minister, Recep Tayyip Erdogan, travels to China for an official three-day visit. He is expected to meet with China’s top leaders and promote trade and investment between the two countries.
Related Story: Turkey Looks East, Too, As Economic Power Explodes
Related Story: While Turkey’s Economic Star Rises, Sarkozy’s France Finds Irrelevance
