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Interest rate decision and reports from the major European banks next week
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Loading...The New Week begins with weekends in New Zealand, Australia and Europe. New Zealand and Australia have another holiday on Thursday. There are, however, several key reports among the weekends. On Wednesday there is a decision on the base interest rate in Canada. Although no change in the rates currently at 1.75% is expected, the press conference will show whether the central bank will take on the Fed and ECB paths with more passive thinking and waiting. In Japan, we expect the same solution from the Bank of Japan, and the situation will be the same.
In addition to economic news, there are many other factors that traders will pay attention to and which will have a major impact on pricing and asset movements.
Big European banks will report their earnings for the first quarter next week, and some investors are afraid that bad results would bring a big deal of volatility to capital markets. Some analysts have expressed their concerns about them, due to external risks such as economic growth, uncertainty about the US-China trade relationship, Brexit, and the reverse turnaround in the monetary policy of the major central banks around the world.
European banks have been suffering for years of weak profits, huge fines, ultra-low monetary policy, and uncertainty around the UK. US banks, on the other hand, particularly large, such as J.P. Morgan and City have very strong retail operations that make them resilient in times of economic difficulty. In the US, the results remain mixed for the moment, but we will still see what will happen on the Old Continent.
Monday:
Markets are closed in New Zealand, Australia, Switzerland, France, Germany, UK, Italy (Europe)
17:00 USA - Existing Home Sales
Tuesday:
17:00 USA - New Home Sales
23:30 USA - API Weekly Crude Oil Stock
Wednesday:
04:30 Australia - CPI
11:00 Germany - Ifo Business Climate Index
17:00 Canada - BoC Interest Rate Decision
17:30 USA - Crude Oil Inventories
18:15 Canada - BoC Press Conference
Thursday:
Tentative Japan - BoJ Interest Rate Decision
15:30 USA - Durable Goods Orders
15:30 USA - Initial Jobless Claims
Friday:
15:30 USA - Gross Domestic Product
17:00 USA - Michigan Consumer Sentiment
20:00 USA - Baker Hughes Oil Rig Count
Trader Aleksandar Kumanov Read more:
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