The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Britain’s May seeks to relieve Brexit fears at new business council
Britain’s Prime Minister Theresa May is going to chair a discussion on Brexit as well as the national economy at the first gathering of a new business council scheduled on Thursday, in an attempt to rebuild bridges with companies concerned over the UK’s departure from the EU.
Having lost the governing Conservatives' parliamentary majority at an ill-judged election the previous month, Theresa May has stepped up engaging with business after some companies criticized her government for inability to address their concerns over Brexit.
A great number of companies have urged the authority to push the EU to agree a lengthy and clear transitional arrangement after the United Kingdom leaves the European bloc in 2019 to assist them in making investment decisions.
The gathering points to a shift for May, whose ex-aides had intended to break what they actually felt was an overly cozy relationship between big business and the government before her was reduced due to the June election.
Jump in to know the key market events and trading ideas for this week!
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!