George Buckley, chief U.K. economist at Deutsche Bank, outlines his expectations for the U.K.'s first-quarter GDP reading and explains what that means for the Bank of England's monetary policy.» Read More
*Fed, other central bank meetings key to week ahead. NEW YORK, April 27- The dollar firmed on Monday, recovering from recent losses in the wake of some weak U.S. economic data, but gains are expected to be contained ahead of the Federal Reserve's key monetary policy meeting this week. "Any sense from the Fed that a rate hike appears on a further horizon could mean a weaker...
MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.
MADRID— Spain's prime minister says the country's economy is on track to grow 2.9 percent this year and expand an additional 2.9 percent in 2016.. Mariano Rajoy gave the upbeat assessment a month before his party is expected to face a tough challenge in nationwide regional and local elections from the main opposition Socialist Party and two new parties...
ASTANA, Kazakhstan— Preliminary results of weekend nationwide polls in Kazakhstan show the long-ruling president confirming his incumbency with 97.7 percent of the vote amid a record turnout, election officials said Monday. Kazakhstan is facing a slowdown in economic growth amid falling oil prices and recession in neighboring Russia.
Lim Say Boon, Chief Investment Officer at DBS Group, says the euro's devaluation and prospects of higher earnings are reasons why the bank likes European stocks.
*Euro pressured as Greece, creditors negotiate debt deal. TOKYO, April 27- The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece's ongoing debt talks pressured the euro.
Greece's Yanis Varoufakis was rebuked for failing to come up with a list of economic reforms, which are needed so Greece can get money it needs to stay solvent and avoid a potential exit from the euro. Just two months ago, Greece secured an agreement from the eurozone to get the remaining money in its bailout fund— 7.2 billion euros— but only if it came up with mutually...
SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.
WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.; Commerce Department releases construction spending for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m..
European equities finished slightly higher on Friday as investors reacted to a slew of corporate earnings news.
Kerry Craig, market strategist at JP Morgan Asset Management, says that for the Eurogroup, it's all about Greece coming up with a "credible" reform plan.
*Eurogroup urges Greece to speed up reform deal for cash. RIGA, April 24- Euro zone finance ministers delivered a stark warning to Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. He also said a remaining 7.2 billion euros in frozen bailout funds would no longer...
Can we put money on Greece delivering soon? Wolfango Piccoli, managing director at Teneo Intelligence, doesn't think so.
FRANKFURT, Germany— A closely watched survey of optimism among German businesses shows that confidence grew for a sixth straight month in Europe's biggest economy. Analyst Carsten Brzeski at ING said that "the German economy is in decent shape" and that "the first months of the year point to a good, though not excellent, growth performance in the first quarter.
After German business sentiment data, Holger Schmieding, chief economist at Berenberg Bank, says current conditions have improved a lot.
RIGA, Latvia— Greece remains at loggerheads with its European creditors on an economic reform program required to unlock bailout loans the country will need to avoid defaulting in coming months and crashing out of the euro. Just two months ago, Greece secured an agreement from the eurozone to get the remaining money in its bailout fund— 7.2 billion euros— but only...
Dan Scott, vice president of Credit Suisse, says there are concerns over the valuations in European markets, but reiterated that he still prefers equities to fixed income.
Paul Donovan, MD and senior global economist at UBS, outlines the "hideous" consequences of a "Grexit."
Despite rapidly running out of cash, Greece continues to alienate its "friends" in the euro zone, says Stefan Auer, associate professor in European Studies at the University of Hong Kong.
NEW YORK, April 23- The dollar was knocked lower on Thursday by a decline in U.S. new-home sales fanning worries about U.S. economic growth, while the euro rose more than 1 percent on waning fears of a Greek default. "What we have seen so far is a mixed data bag," said Mazen Issa, senior currencies strategist at TD Securities in Toronto. The euro, which has been sliding for...