Global Economy Week Ahead: U.S. Jobs and Inflation, Europe GDP
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This week, the Federal Reserve will convene for a two-day meeting to set monetary policy, and numbers on the European economy's growth rate and the U.S. jobs market will be released.
Fed Expected to Keep Rates Steady
Federal Reserve officials are likely to keep interest rates steady at their policy meeting this week and drill down into details about when and how to reduce their large holdings of mortgage and Treasury securities.
Europe Investors Bid Adieu to Political Jitters, Begin Buying
Investors are flocking back into Europe without waiting for the conclusion of the French election, as they bet the region has finally unshackled itself from fears of political turmoil.
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South Korea's Exports Grow for Sixth Straight Month
South Korean exports, a bellwether for the health of global trade, logged a sixth straight month of growth in April on brisk demand, as the global economy improves. Shipment growth was faster than expected.
China Factory Activity Slows in April
China's official manufacturing purchasing managers index slid to 51.2 in April from 51.8 in the previous month, pointing to a possible slowing of growth momentum in the world's second-largest economy.
Iran Signals It Is Prepared to Extend Oil-Production Cap
Iran signaled its readiness to cap its oil output until the end of the year in order to extend an OPEC-led agreement to cut production, backing Saudi Arabia's push to raise prices.
EU Signals U.K. Trade Talks Are Still Months Away
The European Union adopted its core positions Saturday for the coming Brexit negotiations, making it clear to Britain that talks on a future trade agreement remain months away.
GDP Growth Slowed as Spending by Consumers Lagged
The U.S. economy's output grew at the slowest pace in three years during the first quarter, underscoring the challenges facing the Trump administration as it seeks to rev up growth.
U.S. Stocks End Month Higher, Buoyed by Earnings
U.S. stocks ended the month higher, boosted by strong corporate earnings. The S&P 500 now sits about half a percentage point from all-time highs.
Congress Passes Stopgap Spending Bill to Avoid Government Shutdown
Congress on Friday approved legislation to extend funding for the federal government by one week, avoiding a partial government shutdown on Saturday.
(END) Dow Jones Newswires
April 30, 2017 21:15 ET (01:15 GMT)