Key Economic News To Watch This Week: August 12
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This week: Secretary of State John Kerry travels to Colombia and Brazil this week on efforts to deepen relations with Latin America; Negotiators from Palestine and Israel meet in Jerusalem for another round of peace talks following earlier discussions in Washington; North Korea holds talks with South Korea to normalise relations over the Kaesong Industrial Zone.
Monday, August 12
Secretary of State John Kerry travels to Colombia and Brazil this week on efforts to deepen relations with Latin America.
This week: Secretary of State John Kerry travels to Colombia and Brazil this week on efforts to deepen relations with Latin America; Negotiators from Palestine and Israel meet in Jerusalem for another round of peace talks following earlier discussions in Washington; North Korea holds talks with South Korea to normalise relations over the Kaesong Industrial Zone.
Monday, August 12
Secretary of State John Kerry travels to Colombia and Brazil this week on efforts to deepen relations with Latin America.
Related: Can Latin America Seize Its “Golden Decade”?
Japan releases its second-quarter gross domestic product figures.
Russian President Vladimir Putin is to meet the newly elected Iranian president, Hassan Rouhani, in Tehran where talks are to focus on the Islamic republic’s nuclear programme.
Barclays’ ban on money transfers is due to come into force. The bank is terminating services for 250 UK money-transfer companies that allow people to send money home to support families in some of the poorest countries.
The World Bank publishes a book Weather and Climate Resilience: Effective Preparedness Through National Meteorological and Hydrological Services. According to its authors, national meteorological and hydrological services need to be modernised on a global scale, especially in Africa, to save lives and reduce disaster costs related to extreme weather events.
Related: Parts of World Increasingly “Uninsurable” Due To Climate Change Risk
Related Infographic: How Will Climate Change Impact Us?
Tuesday, August 13
Germany’s ZEW Institute releases its monthly investor confidence index for Europe’s biggest economy, a leading indicator of economic health, as well as data on economic sentiment in the wider eurozone.
The eurozone is expected to release official data on industrial production.
Atlanta Fed President Dennis Lockhart is expected to speak on the economic outlook in Atlanta. The next day, St Louis Fed President James Bullard gives a speech on challenges with monetary policy in Paducah, Kentucky. Investors will be eyeing both speeches for clues on the potential and timing of a Fed’s downgrade in its bond-buying programme.
Related: US Fed Sees 2014 End For QE3
Related: Hard To Be Easing – Why QE3 Cannot Prevent A Fiscal Drag: Nouriel Roubini
Foreign ministers of the 10-member Association of Southeast Asian Nations hold a retreat in Hua Hin, Thailand, to discuss regional issues.
Wednesday, August 14
North Korea is proposing to hold talks with South Korea to normalise relations over the Kaesong Industrial Zone. The North shut down factories a few miles from the border in April at the height of nuclear tensions.
Negotiators from Palestine and Israel meet in Jerusalem for another round of peace talks following earlier discussions in Washington.
Related: Top US Diplomat Unveils $4bn Economic Peace Plan for Palestine
Related: Israel Cuts Off $118 Million In Tax Funds To Palestine After UN Vote
Bahrain braces for a series of protests likely to be the most significant in over a year. Inspired by the Tamarod Movement, which helped bring down the Morsi administration in Egypt, Bahriani activists will take to the streets on August 14, a date that marks the country’s independence from Britain.
Thursday, August 15
Markets in Italy are closed for a national holiday.
Friday, August 16
The eurozone is expected to release official data on consumer price inflation and the trade balance.
Known as a bellwether for global trade due to its status as the world’s biggest container shipping company, Maersk is expected to post a drop of 50 percent in underlying net profit to DKr2.5bn ($450 million) compared with a year earlier. Its chief executive warned last month that annual growth would be most likely 4-5 percent in the coming years, down from the 10 percent or so in the past 20 years.
