Daily Agenda: The Week Ahead, March 21 – 26, 2016

在美联储3月16日的讨论后，在全球范围内送出风险资产后，这一周结束了许多投资者，特别是那些在最近几个月商品价格稳定后新兴市场基准反弹的人。新兴市场的投资者可能会在接下来的一周内提出谨慎信号，如此political instability in Brazil威胁要进一步破坏国家的信用评级。中国领先投资银行的印度和财务业绩的贸易数据将有助于进一步了解金砖金发经济的健康。

Monday, March 21:Richmond Federal Reserve President Jeffrey Lacker, the Federal Open Market Committee’s strongest hawk, will be speaking on a panel with Banque de France governor François Villeroy de Galhau, as part of a conference held at the Banque de France hosted by Philadelphia–based think tankGlobal Interdependence Center. With the trend in Europe toward negative base interest rates and the FOMC announcing that it is keeping its own ultradovish policy in tact, there will likely be much fodder for heated discussion.

Tuesday, March 22:U.K.国家统计办公室发布二月消费者和生产者价格指数指数措施。英国银行在3月17日在其政策公告中以历史悠久的0.5％的历史利率持续了较低的0.5％，并附有一个伴随着与之相关的潜在风险的陈述U.K. referendum on European Union membership. While the prospect of a vote in favor of Brexit has left policymakers at the Bank of England uneasy, one factor that the committee indicated is not among their concerns is inflation. Although the bank’s leadership does expect resilient domestic demand to drive prices higher before year end, they anticipate that increase to remain well below the 2 percent target.

Wednesday, March 23:Visitors to India would do well to wear clothing that washes easily on Wednesday. The Holi festival of Spring gets underway with a playful splash of color with bright powders flung by children and adults alike. With the entire population of urban centers and small towns alike in on the fun, anyone in a public place is fair game for revelers to decorate, even police and other officials. As a celebration of spring and rebirth, the Holi holiday merriments are inspired by Hindu deity Krishna’s penchant for good-natured pranks during his youth. The holiday will provide a welcome break for investors in a week that includes the release of fourth-quarter 2015 trade data on Monday and foreign-currency reserve figures on Friday.

Thursday, March 24:CITIC Securities, subsidiary of Chinese investment bank CITIC Group, releases fourth-quarter 2015 financial results. In early February, Chinese state media reported that theCITIC Securities executives detained during the sell-off in equity markets last yearhad been released without charges filed.

Friday, March 25:Japanese Ministry of Finance data on monthly foreign debt purchases is expected to show that international demand for Japanese Government Bonds has continued through early March. Yields on Japanese Government Bonds sank to all-time lows last week after the Bank of Japan left the door open for further action, shouldnegative deposit rates and easingfail to reverse deflationary pressures. The yield on the benchmark ten-year bond contracted to –0.135 percent in trading on March 18 as demand at home and abroad for long-dated JGBs were exacerbated by heavy buying by the Bank of Japan’s easing facility.

Saturday, March 26:Opening weekend forBatman V Superman: Dawn of Justicewill be a key test for Warner Brothers and DC Entertainment. The production houses have committed to two League of Justice films scheduled for release in 2017 and 2019, respectively, featuring BVS director Zack Snyder as well as stars Ben Affleck and Henry Cavill reprising their roles as the caped crusader and man of steel.