A short preview of the G20 meeting 18/19 April
So, with the meeting kicking off today we will no doubt be entering tape bomb city. So far, on scanning the press, I have seen a multitude of expectations. A small selection so far;
- Bank of Japan stimulus will be a focus of economy talks
- Group of 20 to spar over fiscal targets
- Emerging markets fret about risk of reverse
- While some nations with a high exchange rate have been crying foul, there are hopes it will lead to a truce in the so-called currency wars.
- Central bank stimulus under the spotlight at IMF, G20
As usual the press will be getting in a tizzy over leaked drafts and member sound bites and I can see the market reacting accordingly. Of course the main focus will be the final communiqué issued at the end of the meeting.
The meeting starts today with finance ministers & central bank deputies chewing the fat and knocking their heads together before moving on to tomorrows meeting, which will include them and the IMF doing much the same before issuing the statement.
