Key Macro Events This Week: Ceasefire Between US and Iran Expires, Fed Chair Nomination Hearing Held on the Same Day
BlockBeats News, April 19th: The US-Iran temporary ceasefire is set to expire on Tuesday Eastern Time. Trump stated that the US delegation will arrive in Islamabad, the capital of Pakistan, on the evening of April 20th Eastern Time to participate in the US-Iran negotiations scheduled for April 21st. Currently, Iran has indicated that they have not decided to send a negotiation delegation as long as there is a naval blockade (they will not negotiate). In addition, the confirmation hearing for Fed Chair nominee Wash will also take place on the same day. Market predictions from Polymarket currently show a 94% probability that Wash will be confirmed as the Fed Chair. The highly anticipated luncheon for the Trump TRUMP token in the crypto community will also be held on Saturday. Other key macro data and events are as follows:
Monday:
China's Loan Prime Rate (LPR) for one-year period as of April 20th;
German Chancellor Merkel and ECB President Lagarde will deliver speeches.
Tuesday:
US Retail Sales MoM for March;
US-Iran temporary ceasefire expiration, Trump announces US delegation will travel to Pakistan for talks with Iran;
US Senate Banking Committee to hold a hearing on Kevin Wash's nomination as Fed Chair.
Wednesday:
US API and EIA Crude Oil Inventories data for the week ending April 17th.
Thursday:
US Initial Jobless Claims for the week ending April 18th, US April Markit Manufacturing PMI Flash;
US April Markit Services PMI Flash, US EIA Natural Gas Storage for the week ending April 17th;
ECB President Lagarde will deliver a speech;
Tesla to announce earnings after the US stock market close.
Friday:
Japan Core CPI YoY for March;
US University of Michigan Consumer Sentiment Index Final, US April One-Year Inflation Rate Expectations Final.
Saturday:
Trump hosts a grand luncheon for TRUMP token holders, attended by himself and 18 "superstars";
Trump hosts the White House Correspondents' Dinner.
