A Short Market Week, Walmart Earnings and Warren Buffett’s Letter
- 6 years ago
A Short Market Week, Walmart Earnings and Warren Buffett’s Letter
New year, new problem: A federal tax cut took effect in January, the unemployment rate is just 4.1 percent
and investors are now worried that inflation might start rising too quickly.
Finance ministers from the eurozone, meeting in Brussels, are expected on Monday to recommend a replacement for
Vítor Constâncio, the vice president of the European Central Bank, whose term expires at the end of May.
Investors will be focused on British banks as that nation’s largest lenders are scheduled report their fourth-quarter results,
including HSBC on Tuesday, Lloyds Banking Group on Wednesday, Barclays on Thursday and Royal Bank of Scotland on Friday.
The central bank, as expected, left the benchmark rate unchanged at its first meeting of the year, in late January.
Several of Europe’s biggest banks have taken large charges in the fourth quarter
as they have been hit by changing tax laws, particularly in the United States.
New year, new problem: A federal tax cut took effect in January, the unemployment rate is just 4.1 percent
and investors are now worried that inflation might start rising too quickly.
Finance ministers from the eurozone, meeting in Brussels, are expected on Monday to recommend a replacement for
Vítor Constâncio, the vice president of the European Central Bank, whose term expires at the end of May.
Investors will be focused on British banks as that nation’s largest lenders are scheduled report their fourth-quarter results,
including HSBC on Tuesday, Lloyds Banking Group on Wednesday, Barclays on Thursday and Royal Bank of Scotland on Friday.
The central bank, as expected, left the benchmark rate unchanged at its first meeting of the year, in late January.
Several of Europe’s biggest banks have taken large charges in the fourth quarter
as they have been hit by changing tax laws, particularly in the United States.