Key Economic News To Watch This Week: Feb. 27
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A quick preview of the key economic events for the upcoming week:
Last week, Greece managed to survive another bailout announcement, though private investors and institutions were forced to accept massive write downs. Despite the breakthrough, the lack of long term visibility on the part of financiers could mean that Greece might eventually face bankruptcy at the end of March.
This week however, Ben Bernanke will address Congress at the semi-annual monetary policy report, an address which will provide insights on the U.S. economic recovery thus far.
A quick preview of the key economic events for the upcoming week:
Last week, Greece managed to survive another bailout announcement, though private investors and institutions were forced to accept massive write downs. Despite the breakthrough, the lack of long term visibility on the part of financiers could mean that Greece might eventually face bankruptcy at the end of March.
This week however, Ben Bernanke will address Congress at the semi-annual monetary policy report, an address which will provide insights on the U.S. economic recovery thus far.
Monday, February 27
HSBC delivers its full-year results. With poor performances from banking rivals, HSBC’s strong presence in emerging markets should cushion weaker results from its developed markets.
Related News: HSBC Could Quit UK, Citing Potential $2.5 Billion Cost From New Regulations
Related News: HSBC Fined A Record £10.5m For Mis-Selling Bonds To Elderly
The EU’s Foreign Affairs Council meets in Brussels for discussions on the Syrian violence.
Tuesday, February 28
The International Narcotics Control Board, which oversees global efforts to combat illicit drugs, publishes its annual report.
Related Story: Drug Capitals of the World
Related News: Even Mexico’s Drug Cartels Are Affected By Worst Drought In Years
Wednesday, February 29
With the announcement this Wednesday, the United States Q4 GDP is expected to have expanded by 2.8 percent, continuing its growth path of the previous quarters.
ECB holds second major funding operation, the Long-Term Refinancing Operation, which is expected to make available more low-interest 3-year loans to euro-area banks. The offering is forecast to free up as much as 1 trillion euros.
Ben Bernanke will testify before the Committee on Banking, Housing, and Urban Affairs at the U.S. Senate on the semi-annual monetary policy report.
Thursday, March 1
European economic governance and whether the euro can be saved are the principal topics of the Centre for European Policy Studies annual conference in Brussels.
Related Story: Europe’s Currency Conundrum – What Can Save The Euro Now? : Joseph Stiglitz
UK takes over presidency of UN Security Council.
Friday, March 2
With the U.S. Environmental Protection Agency as headline sponsor, the first annual Climate Leadership Conference will be held Fort Lauderdale, Florida. The conference will bring together leaders from business, government and academic institutions, and the non-profit community interested in exchanging ideas and information on how to address climate change while simultaneously running their operations more competitively and sustainably.
Russian president announces domestic reform plans following December protests.
Sunday, March 3
Presidential election takes place in Russia, with Prime Minister Vladimir Putin largely expected to win the race.
The Institute of International Bankers begins its Annual Washington Conference. Industry leaders and government officials will discuss regulatory reform, the eurozone crisis and potential policy implications of the 2012 elections in the US.
