What to Expect This Week

This week, in the United States, inflation probably remained stable in April as lower energy prices made up for increases in other components. Also, housing starts and building permits should pick up as weather improved and sales at building supply stores increased
TradingEconomics.com 5/16/2010 2:11:18 PM

In the Euro Area, the $1 trillion emergency loan package has so far failed to boost investor's confidence on zone's ability to contain fiscal crisis. Yet, the delivery of International Monetary Fund and Eurozone funds is likely to guarantee successful Greek bonds redemption and calm the market a bit. In Japan, GDP growth in first quarter probably will be revised up. In addition, the Bank of Japan is likely to leave its monetary policy unchanged. In the United Kingdom, tax hikes, rising oil prices and a weak pound may speed up consumer prices in April. In Canada, we also expect some spike in inflation prompted by higher gasoline prices.