earleir i spoke to calvin wong of avanda and he gave me his take on how he thinks the federal will move this week. pretty much unchanged so this will be the first pause and its current interest rate outside look so pretty much unchanged at 5%-5.25% so pretty much unchanged at 5% 5.25% so the reason being over here is that i do not believe poor poor outwage. it will hike interest rate in line with us treasury which are in the process of issuing a massive amount of issuing a massive amount of t bills to fill up its cash cradits. china has a bunch of data coming out, what will you be focused on? this coming thursday we will look at a slew of chinese data industrial production, retail sales as well as housing, price index data. if you look at the last two weeks, and if this data is weaker than expected china policymakers may start to tilt toward inaudible do not forget this thursday we have the announcement about key interest ratre policies. it has been unchanged since august l
bloc known as mercosur likely to dominate. both blocs have entered the last stretch of negotiations to seal a trade deal that has been over two decades in the making. so what progress will be made this week? let s discuss this withjimena blanco chief analyst and head of americas research at the risk intelligence company verisk maplecroft. it s company verisk maplecroft. a really big week for ti eu it s a really big week for the eu and for south america. remind the viewers, mercosur what is it and who is involved with that and why is it taking so long for this trade pact to be aligned? be aligned? good morning, sall . be aligned? good morning, sally- the be aligned? good morning, sally. the mercosur - be aligned? good morning, sally. the mercosur and - be aligned? good morning, sally. the mercosur and eui sally. the mercosur and eu talks have been going on for a couple of decades, but in 2019, the south american block that comprises argentina brazil, uruguay and paraguay
avoid. and japan will discuss policy moods. the ultra loose in a tree policy expected to be maintained. but investors will also be watching china which is supposed to unveil data later today loan growth and supply money from a good offer some clues on the cash in circulation and the deposit in the financial system. on thursday, we will get a gauge on how factories are performing and a check on the retail pulse for the month of may. i got a take on how the federal will move this week. take on how the federal will move this week. this will be the first pause move this week. this will be the first pause and - move this week. this will be the first pause and its - move this week. this will be i the first pause and its outlook are so pretty much a change inaudible. it will hike interest rates i believe in line with us treasury which are in the process to fill its cash inaudible. in the process to fill its cash inaudible. ., , ., ., inaudible. the european central bank revised
case and what the and he was there was a and they also settled a russian tanker that in karachi on sunday and that is packet study perspective they can get hold of any oil and if they don t have to pay in us dollars that is welcome. of course it is controversial because western countries have imposed sanctions on russia for its invasion of ukraine, so it all oil exports have been restricted. they have announced a price cap of $60 a barrel. pakistan has been negotiating with russia for months to get discounted oil. a short while ago the petroleum minister said that they are going to pay in the chinese currency. that is again a benefit to pakistan because foreign exchange reserves have dropped below $4 billion and now they are looking for ways to pay. this all against a pretty weak economic picture for pakistan. it is facing a lot of economic trouble and therefore it needs this cheap energy. at the same time i wonder what needs to be done to try and set the economy back on an e