What to Expect This Week

This week, the United States Federal Open Market Committee is likely to keep the benchmark interest rate unchanged. In addition, we will have new figures for Inflation but we don't expect any increase in headline and core prices for February as weak growth continues to temper increases.
TradingEconomics.com 3/13/2010 6:06:46 PM

In the Euro Area, investors will be focused on the finance ministers gathering from the 16 European Union member states that use the euro. It is likely that EU officials will approve a bailout for Greece and discuss a proposal for the creation of a European Monetary Fund. Also, Europe's trade surplus may expand due to gains in exports and the final reading for consumer prices should confirm a 0.9% increase in February. In Japan, the Bank of Japan may consider additional easing measures to fight deflation. In the United Kingdom, companies are still reluctant to hire but the jobless rate may stay at 7.8%. Finally, in Canada, the inflation rate is likely to record another increase in February which is likely to pressure the Bank of Canada to increase the overnight rate.