Brace for the World Economy’s Most Important Week

-Source-Bloomberg-

The world economy’s most important week of the year?

That’s what Bank of America Corp. strategists asked clients in a report ahead of five days of presidential standoffs, trade tensions and central bank meetings.

Each carries the potential to propel financial markets and shape the outlook for global growth after signs it slowed in the first quarter.

So here’s what to watch for:

MONDAY

Investors get their first opportunity to pass judgment on what happened at the summit of leaders from the Group of Seven. The gathering ended with President Donald Trump broadsiding allies via Twitter, undermining the bloc and potentially causing fresh friction over trade.

Tuesday

Trump and North Korea leader Kim Jong Un convene in Singapore for their on-off summit, the first such meeting ever. Trump last week predicted “great success” and said it’s possible he could sign an agreement with Kim to formally end the Korean War. Back in Washington, the government releases a monthly report on inflation that will be a key gauge of how hot -- or not -- the U.S. economy is getting. Read More