Good afternoon – another light economic news day, with a speech by Fed Chairman Alan Greenspan to the oil community (check the Fed website, links below, to access the contents at 1:50pm ET) being the major item of the day. In fact for much of the week the most notable economy-related events are speaking engagements by various Federal Reserve members.
On Thursday the European Central Bank and Bank of England will both release their latest update on interest rate policy for their jurisdiction – we may see some moves in foreign exchange ahead of these events. Neither have raised rates in some time.
US Market Calendar
- 8:55 am: Redbook – Apr. 2nd week1
- 10:00 am: Challenger Layoff Report – Mar.2
- 1:50 pm ET: Federal Reserve Chairman Alan Greenspan addresses the National Petrochemical and Refiners Association
Canadian Market Calendar
- 8:15 am: Foreign Reserves – Mar.
Earnings and the Federal Reserve
For earnings highlights, please see today's WSJ Earnings Calendar.
For a list of upcoming speeches, congressional testimony, Federal Open Market Committee material, and statistical releases, please visit the What's Next page of The Federal Reserve Board website. Recently released Federal Reserve Board material, including market moving FOMC decisions and speeches by members, will be found on their What's New page.
1 Chain Store Sales Fall Last Week of March
2 Firms Planned Fewer Job Cuts During March
05.04.05 12:58 #