Higher political risk in 2017 was forecasted and so far it hasn’t disappointed. The calendar of democratic events expanded last week as the United Kingdom announced a snap election that will be held in June. The pound has appreciated above 2 percent since the announcement in the hope it will strengthen the Conservative party’s position in parliament and give more latitude for negotiating the British exit from the European Union. The first leg of the French presidential elections will kick off with the second round to take place on May 7.
European Central Bank (ECB) will announce its monetary policy on Thursday (April 27). ECB President Mario Draghi is expected to hold the benchmark rate and stimulus programs without any changes.
(All times are GMT)
On Monday, at 8:00am Ifo Institute for Economic Research will provide information about German business sentiment.
On Tuesday, at 2:00pm the Conference Board Inc. will release CB Consumer Confidence index.
On Wednesday, at 1:30am we will get Consumer Price Index (CPI) from Australian Bureau of Statistics.
The same time, at 1:30am Reserve Bank of Australia anounce quarterly Trimmed Mean CPI or change in the price of goods and services purchased by consumers, excluding the most volatile 30% of items.
At 12:30pm Statistics Canada releases statistics about monthly Core Retail Sales
At 2:30pm Energy Information Administration will publish Crude Oil Inventories. Market volatility and exchange rates for many currencies depend on oil prices.
On Thursday, at 3:50am Bank of Japan releases Monetary Policy Statement.
At 6:30am Bank of Japan Governor Haruhiko Kuroda holds the Interest Rate Press Conference.
At 11:45pm European Central Bank will announce Minimum Bid Rate.
At 12:30pm ECB President and Vice President will give their vision of future monetary policy at ECB Press Conference.
At 12:30pm US Census Bureau releases monthly Core Durable Goods Orders statistics.
The same time, at 12:30pm numbers of US Unemployment Claims are expected from Department of Labor.
On Friday, at 8:00am SNB Governing Board Chairman Thomas Jordan speaks about monetary and investment policy at Swiss National Bank’s General Meeting of Shareholders, in Bern.
At 8:30am UK Office for National Statistics will announce quarterly Preliminary GDP data.
At 12:30pm monthly GDP will be published by Statistics Canada.
At 12:30pm US Bureau of Economic Analysis will inform us about estimation of GDP data or Advance GDP.
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