What to Expect This Week


This week, in the United States, several members of the Federal Open Market Committee, including Federal Reserve Chairman Ben Bernanke will be speaking. Investors will be looking for any indication of a possible interest rate increase before the end of the year. Also, initial jobless claims are likely to fall after a significant gain in March nonfarm payrolls.

In the Euro Area, the European Central Bank is likely to leave its interest rate unchanged at 1%. In addition, fourth quarter GDP may be confirmed at 0.1% . In Japan, the Bank of Japan is expected to keep its policy rate on hold. Yet, additional measures to boost liquidity will likely be kept in place. In the United Kingdom, the Bank of England will also leave the base rate on hold and keep its asset purchase target at £200bln. Nevertheless, Britain's industrial production may rebound in February after a weather related fall in January. In Canada, with strong GDP growth in January, it is likely the labor market will surprise us again on the positive side in March. Finally, in Australia, the jobless rate should remain at 5.3% and employment rise slightly. However, the Bank of Australia may keep its benchmark interest rate unchanged at 4% due to softer data released recently.


TradingEconomics.com
4/3/2010 4:21:41 PM