INSUBCONTINENT EXCLUSIVE:
Following are five big themes likely to dominate thinking of investors and traders in the coming week, and the Reuters stories related to
them.
U-turn if you want toIt was a bit of a U-turn by UK Prime Minister Theresa May when she signaled readiness to allow Brexit to be
opposition leader Jeremy Corbyn has backed holding another referendum - the first time he has endorsed giving voters a chance to change
With no-deal Brexit looking less likely, sterling has posted two straight weeks of one per cent-plus gains against the dollar.
So do
Wage growth too is the fastest in a decade and job creation is strong, possibly as companies cut machinery purchases before Brexit
So money markets now reckon there is a 62 per cent chance of a rate rise by the end of 2019, up from 30 per cent in mid-February
coming weeks is looking busy
Most expect the bank to at least drop hints that cheap bank loans are imminent; failure to do so could put European bank stocks and Italian
The ECB will release economic projections, a day after the OECD does so
Downward revisions appear likely, given that heavyweight Germany is struggling and Italy is in recession
on the economy.
The guidance that rates are on hold through the summer is unlikely to change, judging by remarks from future ECB chief
economist Philip Lane and Bundesbank chief Jens Weidmann, who is a potential candidate as next ECB head
Investors will be looking for any sense of where the succession question stands
In short, there are great expectations and the risk is they may be disappointed
patient with future interest rate hikes
The United States economy continues to add jobs while inflation remains very low
It added 304,000 non-farm payrolls in the first month of 2019, compared to consensus expectations of 165,000
crisis, an interest cut is on the cards sooner rather than later.
Adding to the momentum is President Tayyip Erdogan, a vocal supporter of
Pollsters predict that votes in Ankara and Istanbul will be on a knife edge
To ease consumer price pressures, the government has launched the sale of cheap vegetables in both cities.
Investors will be waiting to see
if governor Murat Cetinkaya drops any hints on when rate cuts could begin.
