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Home > Blogs > QFINANCE Editor > The Week Ahead in Finance (21-07-2014)

The Week Ahead in Finance (21-07-2014)

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Each week QFINANCE.com brings you five things to look out for in the week ahead (21-07-2014). Essential news that will shape the week and help you keep ahead in the world of business and finance.


Indonesian election results: Indonesia will announce the result of its presidential election on Tuesday. Reformist candidate Joko Widodo is expected to triumph, but supporters of his opponent Prabowo Subianto have already alleged fraud in several areas and are demanding re-votes.






Related article: Indonesia's political hopefuls play fast and loose with the economy




EU sanctions on Russia: Also on Tuesday, foreign ministers from the European Union will meet in Brussels to deliberate on possible further sanctions on Russia. Ongoing tension with Ukraine and last week's destruction of the Malaysia Airlines Flight 17 means mean political friction is still rising in the bloc.






Related article: Ukraine's recovery rests on shaky ground




Nigerian interest rates: Tuesday will also see new interest rate decisions from the Central Bank of Nigeria. While inflation risks are rising, the strength of the naira and comfortable reserve levels mean that analysts do not expect the Bank to depart from its existing 12% rate any time soon.






Related article: Can Africa hit and hold a 7% GDP growth rate year on year?




South Africa's CPI: South Africa will release its June consumer price index (CPI) midweek. Inflation in April and May stood at 6%, exceeding the Bank’s target of 3%; economists do not expect inflation to reach target levels until the second quarter of next year, with a weak currency, labor costs and food prices exerting pressures on prices.






Related article: Why South Africa is struggling to match Sub-Saharan Africa's growth




Japan's CPI: Japan will also release its CPI on Friday. Economists expect a 3.3% rise from a year earlier, down from 3.4% in May. Excluding the effect of the consumption tax rise in April, CPI is likely to have risen by 1.3% from a year earlier. This would mark the 13th consecutive year on year rise for the nation.






Related article: What next for Abenomics and the Bank of Japan?




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