Attention on IMF-G7 Finance Ministers and Central Bank Governors Conference! "Highlights on April 14 and Event Schedule"

Yesterday the Oceania and European markets were closed for Easter Monday, and in Europe, where lockdowns and stay-at-home restrictions to contain the coronavirus continue, the euro was sold heavily during the closures.

All eyes are on how the European markets will react when they reopen after the holidays today.

Besides the euro, the franc and the U.S. dollar were sold, while commodity/currency-sensitive currencies such as the Australian dollar, New Zealand dollar, and Canadian dollar were bought.

Additionally, crude oil prices, which had fallen well below expectations due to a significantly weaker-than-expected production-cut agreement, are holding firm in the 22-dollar range.

◎ Today’s Points of Focus

1) Economic Outlook

Today the IMF–World Bank Spring Meetings and the G7 Finance Ministers and Central Bank Governors Conference are taking place.

Both are focusing on economic outlooks.

We will be watching how much the economy has slowed due to the coronavirus and how far economic forecasts are revised downward.

Also, we will observe how stock prices react as a result and how risk-off sentiment develops.

2) Key Speeches

Today three regional Federal Reserve presidents are scheduled to speak.

With few major indicators, market moves will likely hinge on these speeches, so they are worth watching.

◎ Today’s Event Schedule

April 14 (Tuesday)

IMF–World Bank Spring Meetings(Video conference, until the 16th)

IMF World Economic Outlook
G7 Finance Ministers and Central Bank Governors Conference(Video conference)

10:30　AUD NAB Business Confidence Index

April 15 (Wednesday)

00:05　USD Brainerd–St. Louis Fed President Speech (Voting member in 2022)

01:30　USD Evans–Chicago Fed President Speech (Voting member in 2021)

04:00　USD Bostic–Atlanta Fed President Speech (Voting member in 2021)

09:30　AUD Westpac Consumer Confidence Index

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