11 major events of the upcoming week in the economy
US, WASHINGTON (ORDO NEWS) —
This week, the central banks of countries will again think about how to support the economy during this difficult time of the coronavirus epidemic. In addition, OPEC + countries will begin to reduce oil production from May 1.
Below we will talk about the main events of the upcoming week in the economy.
Monday, april 27
– The Russian Federation will publish important statistics
In particular, data such as retail sales for March, as well as
real salaries for February.
Tuesday, April 28
– CBR Chairman Elvira Nabiullina will answer questions from leaders of factions of the State Duma as part of a videoconference
On April 28, CB Chairman Elvira Nabiullina plans to hold a video conference with leaders of the State Duma factions. Faction leaders will ask questions of interest to them, which may relate to issues such as inflation, the ruble exchange rate, and many others.
– The financial results of large Russian companies will be published
In particular, PJSC Gazprom may publish financial results for 2019. In addition, investors expect that the financial results of PJSC Enel Russia, Yandex NV for the first quarter will be published. PJSC “Magnit” can also publish results for the I quarter.
Wednesday, April 29
– Fed Headquarters and subsequent Jerome Powell press conference
Earlier, the Fed promised to implement economic support programs, as well as stabilize markets. In particular, one of the tools will be low interest rates. However, according to analysts, at this meeting, the Fed rate will remain unchanged.
– The financial results of large Russian companies will be published
In particular, investors expect publication of the financial results of PJSC NOVATEK and PJSC MMK.
– Online conference “Fintech 2020: quarantine digitalization”
The online conference “Fintech 2020: Quarantine Digitalization” will be held April 29 from 11:00 to 13:30. Among the topics that will be discussed, in particular, will be such as the development of digital channels in banks, online services, non-cash payment systems, and much more.
Thursday, April 30
– ECB Betting and Lagarde Press Conference
The ECB is also trying to save the economy, which suffered from the coronavirus epidemic and from forced quarantine in the eurozone countries. Earlier, the European Central Bank introduced a new package of incentive measures that will stabilize the economy. According to analysts, the ECB rates will remain unchanged.
– Important statistics from different countries will be published
In particular, US data will be published such as March household incomes and March household spending. In addition, PMI data on manufacturing industries in the Russian Federation for April, as well as PMI manufacturing in China for April will be published.
– The results of the activities of large Russian companies will be published
In particular, the financial results of Sberbank PJSC, NLMK PJSC for the I quarter, as well as the Evraz Plc operating results for the I quarter are expected.
Friday 1st May
– Most countries in Europe, Russia, a number of Asian and Latin American countries celebrate Labor Day
– The OPEC + April agreement on production cuts comes into force
Starting May 1, 2020, an agreement to reduce the oil production of OPEC + countries comes into force. The largest parties to the agreement are Russia and Saudi Arabia. The agreement will be valid for two years. The agreement was concluded on April 12 and is related to the desire of oil-producing countries to stop the fall in oil prices.
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