This week investors will pay attention to the data disclosed by central banks in Europe and the USA. Greece will continue to shake the markets, with the deadline for payment of the loan to the IMF to end this Thursday.
Monday, April 6
European stock Markets are closed this Monday due to the Easter holiday. In the United States, stock markets reopen after the stop on Good Friday.
Tuesday, April 7
The European Central Bank reveals, on Tuesday, weekly and monthly data on debt purchase program to stimulate the economy in the Euro Zone. The monetary institution bought a total of 53,837 billion euros in assets until March 27, less than the 60 billion that are the purpose announced by President Mario Draghi. The data of the last two days of March missing account will be revealed on Tuesday.
Wednesday, April 8
The Federal Reserve (Fed) will release on Wednesday the minutes of the meeting from 17th and 18th March of the Federal Open Market Committee (FOMC). Following this meeting, the Fed removed the word “patient” of his speech about the rise in interest rates, but said it would not be “impatient”, leading to differing interpretations, which caused high volatility in the markets. Investors will be aware of the content of the minutes, looking for clarification on the possible date of change in interest rates.
Thursday, April 9
Thursday is the deadline for the payment of 456 million to the International Monetary Fund (IMF) by Greece, referring to the first loan, granted in 2010. Speaking to German magazine Der Spiegel, the Minister of Internal Affairs, Nikos Voutsis warned on Wednesday that Greece may not meet this deadline.
Friday, April 10
The rating agency Standard & Poor’s (S & P) has scheduled for this Friday to review the “rating” of Spain and France. The “rating” of Spain is at “BBB”, which means an adequate payment capacity and belongs to the category of investment. The rating outlook is “stable”. On the other hand, France currently has a higher ranking, “AA”, but with a negative perspective. DBRS agency should also review the “rating” of Spain.