Hi fellow monkeys,
This week, most of the attention will be on Cyprus. It starts on Monday with the deadline for a new ECB-Cyprus deal. If this deal goes through, Reuters speculates that stocks could go beyond the indexes' all-time closing highs given European policymakers find a common ground to deal with the island's situation. On Tuesday and Wednesday, South Africa will be hosting the BRICS summit where some expect the leading developing countries to lay the groundwork for a BRICS-led development bank to rival the World Bank and the IMF. Later, the week will end with the third Q4 US GDP estimate on Thursday and closed US equity markets on Friday.
More economic releases and data after the break !
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