A quiet start to the week expected with the US observing President’s Day…
The fresh week will begin on a quieter note with North America absent from their desks whilst they observe President’s Day (George Washington’s birthday). However, the week ahead does present a number of key events and releases for the market to keep a close eye on.
On the economic data front, two sets of meeting minutes will likely be the most anticipated releases this week. The minutes come from the Federal Reserve and European Central Bank on Wednesday and Thursday, respectively. The information will represent announcements made in the month of January with neither of the central banks making any key adjustments. The information will be used by investors to determine just how likely it is both banks will be increasing interest rates in 2019. From the ECB’s perspective it’s looking highly unlikely while for the Fed, the situation is very much gravitating to a similar outcome judging by some of the recent data releases.
Brexit and US/China trade negotiations will continue this week. It’s a busy week from the UK side. Monday sees Brexit Secretary Stephen Barclay meet with EU negotiator, Michel Barnier. Tuesday hosts a speech from Attorney General, Geoffrey Cox regarding the legal part of the Northern Irish backstop. Thursday sees Jeremy Corbyn meet Barnier as well as EU Parliament’s Verhofstadt. Also to be confirmed is a return of PM May to Brussels to meet Juncker and other European leaders.
Written by Viv Savani. 8:26am, February 18th 2019
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8:17am, February 15th 2019
US data disappoints, May defeated in Parliament (again)…