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Week Ahead: a brief let-up for Britain’s economy
We preview the main financial events of the coming week: the forecast is for showers, with a brief spell of sunshine.
Look stateside for real market movers
While all of this matters to Brits enduring the recession, the string of UK data is not stuff that can significantly move global markets.
Appearances for the FSA’s Lord Turner and Barclays’ recently resigned chief operating officer Jerry del Missier in front of the Treasury Committee, which is investigating Libor rate-rigging, could get more airtime.
And few major figures are due from the eurozone, although there is a meeting of finance ministers scheduled for the end of the week, where more details of Spain’s bank bailout could emerge.
Instead, a bulky diary for US statophiles – and investors – is more likely to sway markets next week. Data on industrial production, retail sales, inflation and manufacturing are all due from across the Atlantic.
And America’s market-shifting corporate earnings season continues. In addition, a testimony due from Ben Bernanke, the chairman of the US Federal Reserve, will have traders salivating as they hope again for signs that the central bank will flood the world with US dollars.
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