Three Events To Watch: Global Week Ahead
Zacks Investment Research | Jun 26, 2017 12:47AM ET
This summertime Global Week Ahead is light on events, generally speaking. I noted three moments of genuine interest that could reshape the global tone, albeit modestly.
These merit close watching by traders. Otherwise, it is getting a bit laconic out there.
Dow Jones Newswires pulled together this executive summary for us…
On Tuesday, Fed Chair Janet Yellen speaks in London at the British Academy on global economic issues, in a moderated question-and-answer session with the audience.
As the Fed considers the timing of another interest-rate increase and the start of its plan to wind down its asset holdings, economists expect Ms. Yellen to stress the Fed will base its decisions on incoming economic data.
On Wednesday or Thursday, Brazil's Senate is likely to hold a final vote on a bill that would loosen the country's mazelike labor law, which has been a deterrent for investment. The bill has been under debate for months, and markets rallied as it advanced through the lower house earlier this year.
But corruption allegations against the proposal's main supporter, President Michel Temer, who denies wrongdoing, have fanned opposition, making its approval more complicated.
On Friday, inflation figures from around the eurozone will be in focus. For the eurozone, the annual rate of inflation is expected to drop to +1.2% y/y, from +1.4% y/y in May.
That would be the smallest rise in 2017, and likely reinforce the European Central Bank's reluctance to dial down its stimulus measures, despite signs of a continuing pickup in economic growth.
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