10 Key Events of 2017

Share On Facebook
share on Linkedin

With 2017 fast approaching we at Faraday thought it would be useful to outline 10 key events of the forthcoming year:

Early January: UK Supreme Court Rules on Article 50

The UK Supreme court will rule whether UK Prime Minister Theresa May can trigger Article 50 herself or if parliamentary consent is needed. Current expectations are that the Supreme Court will rule that a parliament vote is required.

20th January: Donald Trump Inauguration Ceremony

Present-Elect Donald Trump will officially become the US president and the changeover from the Obama administration to the Trump administration will take place.

14th – 15th March: The Fed’s Quarterly News Conference

The first Federal Reserve quarterly report of Trump’s presidential term. By this time we can expect greater details surrounding Trump’s policy mandate and as such how the Federal Open Market Committee believes this will impact future inflation / the interest rate path will be followed even more closely than normal.

16th March: US Debt Ceiling

The US Federal borrowing limit is set to be reinstated on March 16th. Without an agreement to raise this limit we will see the US surpass its legal borrowing limit, thereby paving the way for a US debt default. This of course won’t happen, but cue another fight over government spending.

End of March: UK to Trigger Article 50

UK Prime Minister Theresa May has repeatedly said she will trigger Article 50 by the end of March. This will formerly start the negotiation process of the UK leaving the European Union. Once Article 50 is triggered it cannot be reversed.

23rd April: 1st Round of French Presidential Elections

Although the French President election is expected to have two rounds, the first round will provide some indication as to the leaning of the French public. A good showing for the anti-European Union party the National Front will again see the longer term outlook of the Euro / the European Union called into question.

7th May: 2nd Round of French Presidential Elections

Unless confirmed in the 1st Round (unexpected) the 2nd round will see the confirmation of the new French President.

7th – 8th July: G20 Summit

The annual G20 Summit brings together the heads of states and governments of major industrialised and emerging market economies. Held in Hamburg this year the agenda is 1) increasing the stability and resilience of global economies, 2) improving economic growth sustainability and 3) assuming responsibility in areas that affect global peace and security.

August 27th to October 22nd: German Federal Elections

German Federal elections must be called no earlier than August 27th and no later than October 22nd. All eyes will be on Europe’s largest economy to see if the rise of populism continues.

October / November: Chinese 19th Party Congress

In the second half of 2017 China will hold its 19th Party Congress; expectations are that it will happen in either October or November. In this closed door meeting, officials will appoint some of the country’s top leaders. Amongst others, 5 of the 7 places in China’s most powerful Politburo Standing Committee are up for grabs. Notably, China’s next successor is chosen from this committee and hence this is undoubtedly one of the most important events of the year.

Faraday Research offers real time FX and Equity trade signals from qualified analysts. Click here to try us free.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211026 23:22:25