What to Expect This Week

This week, in the United States, the Federal Reserve's Chairman Ben Bernanke will deliver his semi-annual monetary policy report to the Congress. After Thursday's discount rate hike investors will be looking for further signs of monetary policy tightening. We are also expecting an upward revision to the fourth quarter GDP.
TradingEconomics.com 2/20/2010 1:00:36 PM

In the Euro Area, bureaucracy will probably continue to delay any agreement to bailout Greece. Moreover, January CPI preliminary reading may be confirmed at 1%. In Japan, we expect industrial production to rise further and real exports to continue growing due to a strong demand from Asia. Yet, inflation is likely to stay in negative territory. In the United Kingdom, a disappointing fourth quarter GDP growth may be revised slightly up. Finally, in New Zealand, trade balance is likely to fall back into deficit.