5 significant events at the financial market of this week
1) The whole financial world will discuss the results of the meeting of oil producing countries, which took place on 17 April in Doha. The countries couldn’t negotiate about freezing the oil production that’s why we can watch the sharp price decline at the oil trading market.
2) This week a range of companies such as Goldman Sachs Group, Alphabet, Microsoft, Coca-Cola, Visa and General Electric will announce their revenues. CFD1000 analysts suppose that the revenue of Morgan Stanley in the first quarter has declined, which shows the worst start of the year for the bank sector.
3) This week the USA will publish the report on the housing sector. CFD1000 market analysis shows that the building of new houses in March has declined to 1,170 mln items from 1,178 mln items in February.
4) On Thursday the European Central Bank will have session on defining the monetarycredit policy and the forecast is that the policy of the bank will remain unchanged. Last month the bank has announced a range of new measures, including the interest rate decline etc.
5) On Friday Markit will publish the composite PMI of production and service industries of Eurozone in April. It is expected that this data will show the moderate growth but the greatest attention will be focused on the signs of inflation pressure in the price index for production.