Euro area finance ministers will today meet at 14:30. The main topic will berecommendations to member states on fiscal and economic policy. There will beparticular attention on France which has already announced that it will not be able tomeet the requirement of cutting the budget deficit to less than 3% of GDP. There willalso be focus on the overall stance of fiscal policy in the euro area in light of recentweak data in the euro area and discussions at this weekend’s IMF and World Bankmeeting.
There are also a number of central bank speeches on the calendar today. The ECB’schief economist and executive board member Peter Praet will be speaking at 14:00CET and Bundesbank president Jens Weidmann will be speaking about “conditionsfor a stable currency union” at 18:00 CET. Finally, Chicago Fed president CharlesEvans (dove, voter 2015) will be speaking at 18:30. All speakers have been speakingin connection with the IMF and World Bank meeting so have probably nothingsubstantially new to add.
In the coming week the most important data releases are euro area industrialproduction tomorrow and retail sales in the US on Wednesday. In addition it will be amajor week for Q3 earning releases.
Read the full report: FX Daily