What to Expect This Week

This week, in the United States, the Federal Reserve meets but we don't expect any changes in current monetary policy. Also, after a significant inventory rebuilding spike in last three months of 2009, GDP for first quarter should show a moderate growth. In addition, consumer confidence is likely to go slightly up as there are signs that economy is getting better.

In the Euro Area, Athens has asked officially for help and we are looking for more details on Greece's bailout by the EU and the IMF. Moreover, unemployment rate among EU members may spike higher to 10.1% and we also expect a rise in inflation as energy prices were higher in March. In Japan, interest rate is likely to stay unchanged and consumer prices to remain in deflationary territory. In Canada, GDP growth in February is expected to be above 0.5%. In Australia, inflation may rise in the first quarter of 2010. In New Zealand, after less than expected spike in consumer prices there is only a small chance the Reserve Bank of New Zealand will raise interest rates. Finally, in Brazil, it is likely the Monetary Policy Committee (COPOM) will increase its official interest rate by at least by 50 basis points.

4/25/2010 2:26:23 PM