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5 things to look out for this week (December 2-6, 2013)

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Each week brings you five things to look out for in the week ahead. Essential news that will shape the week and help you keep ahead in the world of business and finance.

UK Autumn Statement

UK growth is expected to be revised up by the Office for Budget Responsibility (OBR) ahead of the Autumn Statement this Thursday. The Bank of England will hold its monthly Monetary Policy Committee meeting, likely to result in keeping interest rates on hold at 0.5pc.

South Africa’s deficit on current account

South Africa’s deficit on current account has been strongly affected by strikes in the vehicle manufacturing, as the Reserve Bank will publish its latest data-filled bulletin for the third quarter.

OPEC meeting

The Organization of the Petroleum Exporting Countries will hold its bi-annual meeting on Wednesday, though will have “little effect” on oil and gasoline prices, the New York Times reported.

EU Bank rates

The European Central Bank will be stronger on stimulating bank lending ahead of its next meeting on Thursday. “According to speculation, the E.C.B. could emulate the Bank of England and offer cheap loans to banks if they lend the money to consumers and businesses”, the New York Times reported.

Thanksgiving and retail

In the US, a week packed with new data is ahead, including sales figures from retailers after the long Thanksgiving weekend marking the start of the holiday season. Other data to come include employment figures, as the Federal Reserve has repeatedly said its stimulus remained data-dependent.

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Tags: Bank of England , Black Friday , EU , European Commission , eurozone , Germany , Mark Carney , retail , unemployment , US state street , USA
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