March 6–12, 2016

ECB Meets

Big week ahead for Europe with the ECB meeting and possibly cutting interest rates further into negative territory. It will also review the stimulus programs in place, followed by a press conference by ECB chief Mario Draghi. Elsewhere in Europe, finance ministers will discuss Greece and Cyprus’ adjustment plans, discuss budgets, fiscal policies and a banking union. National leaders will be preoccupied with an emergency summit on the refugee crisis.

Bank of Canada holds rates steady

Canada will be setting interest rates. The expectation is that rates will be unchanged before the Federal Budget at the end of the month sets the tone for fiscal policy. Employment statistics will be released too, unemployment is expected to remain at 7.2%.

 Chip Somodevilla | Getty Images

Chip Somodevilla | Getty Images

Trudeau in Washington

Prime Minister Justin Trudeau will be hosted by President Obama at the White House for a state dinner. Several speeches by Fed Governors will help set expectations for the Fed’s forthcoming interest rate decision.

Carney warns that ‘Brexit’ could lead to financial instability

In Britain, the Bank of England will testify in front of parliament on the economic implications of Brexit. Oral proceedings in the case against Barclay’s manipulative trading start.

China releases important statistics

A bevy of statistics are coming out of China. Its trade surplus and foreign reserves figures will be released, and they’ll be closely watched to see evidence of stabilization after the last few months where export readings were unreliable and foreign reserves have been falling. Inflation is expected to rise as well. Most importantly, the National People’s Congress meets setting budgets and GDP targets as well as a 5 year economic plan.

24th Annual Media, Internet & Telecom Conference

The 24th Annual Media, Internet & Telecom Conference will be hosted by Deutsche Bank with presentations by industry heavyweights including Verizon, Disney and Snapchat. Payments company, Square will release its first quarterly results since its November IPO with revenue likely to be lower than expected.