(Bloomberg) -- The International Monetary Fund issues an outlook on the global economy ahead of spring meetings with the World Bank that will draw policy makers from across the largest economies.
Retail sales in the U.S., where consumer spending accounts for almost 70 percent of the economy, probably jumped in March for the first time in four months, data may show.
U.S. housing starts are forecast to have increased last month, while industrial production is seen declining.
China releases gross domestic product figures for the first quarter.
The European Central Bank will probably keep interest rates at record lows. Canada also sets monetary policy.
Group of Seven foreign ministers meet for two days of talks and may discuss Ukraine, the Middle East and terrorism.
Bank of America Corp., General Electric Co., Goldman Sachs Group Inc., Intel Corp., Johnson & Johnson, JPMorgan Chase & Co. and Wells Fargo & Co. release earnings.
The Masters golf tournament concludes in Augusta, Georgia.
SATURDAY, APRIL 11
-Summit of the Americas. The seventh gathering of leaders of the Western Hemisphere’s 35 nations continues in Panama City under the theme of “Prosperity with Equity: The Challenge of Cooperation in the Americas.” U.S. President Barack Obama and Cuban President Raul Castro will be in attendance amid a historic thaw between the nations. Click here for the schedule.
-New York International Auto Show. The exhibition offers the general public a look at 2015 and 2016 production models and concept vehicles. Through tomorrow. Javits Center, New York.
-Nigeria holds gubernatorial elections that will test the ruling party’s support in key states, including Lagos, home of the nation’s commercial hub. The Peoples Democratic Party, led by President Goodluck Jonathan, lost last month’s presidential vote. Elections for governors of the 36 states are scheduled to begin at 08:00 local time (03:00 EDT).
-Hockey. National Hockey League teams have a final chance to make the playoffs as the regular season ends with 15 games. 12:30 EDT to 22:00 EDT. Click here for the schedule.
-Hockey. The final of the National Collegiate Athletic Association men’s hockey tournament is played at TD Garden in Boston. 19:30. Teams to be determined. Click here for bracket.
-The Boat Race takes place between Oxford and Cambridge universities in London. The women’s race starts at 16:50 (11:50 EDT) and the men’s begins at 17:50.
SUNDAY, APRIL 12
-Brazil demonstrations. A second round of protests against corruption is scheduled in several cities after more than 1 million people marched on March 15. Government austerity measures and corruption at state-controlled oil company Petrobras have pushed President Dilma Rousseff’s approval ratings to record lows, while critics have called for her impeachment. 14:00 in Sao Paulo (13:00 EDT).
-Sudan is set to begin three days of presidential and parliamentary elections. President Umar al-Bashir, who has ruled the country for about 25 years, is widely expected to win the vote against 15 little-known opponents. The main opposition parties have declined to field candidates and some activist groups are calling for a boycott. About 13.5 million of Sudan’s 35.5 million people are registered to vote, according to the election commission. Results are scheduled to be announced on April 27.
-German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi deliver the opening speeches at the Hannover Messe annual trade fair in Hanover, Germany. Event begins at 18:00 CET (12:00 EDT).
-Voting in the first round of Japan’s unified local elections takes place. Media projections show candidates backed by Prime Minister Shinzo Abe’s coalition will perform well. Balloting ends at 20:00 (07:00 EDT). A second round is slated for April 26.
-Hungarian Prime Minister Viktor Orban’s ruling party seeks to stem opposition momentum in a special election in the western district of Tapolca, a month after one of its candidates was upset in a neighboring district’s vote. Polling times to be determined.
-Harvard Heat Week. Sit-ins are planned this week at Harvard University to urge the Ivy League school’s divestment from fossil fuels. Cambridge, Mass.
-Golf. The $9 million Masters tournament, the first of four annual major championships, concludes at Augusta National Golf Club in Augusta, Georgia. Tee times and pairings to be determined.
-Auto racing. The Formula One Chinese Grand Prix takes place at 14:00 in Shanghai (02:00 EDT).
MONDAY, APRIL 13
-Estate Tax. U.S. House Republicans may vote this week on repealing the 99-year-old estate tax.
-Medicare payments. The U.S. Senate is expected to vote this week on its version of a measure passed by the House on March 26 to replace Medicare’s cost-containment formula for doctor payments.
-Lynch confirmation. The Senate may vote this week on confirming federal prosecutor Loretta Lynch as U.S. attorney general to replace Eric Holder. As of April 2, five Republican senators publicly backed President Barack Obama’s nominee, giving her the support of 51 lawmakers needed for confirmation.
-Senator Marco Rubio of Florida will announce whether he’s running for U.S. president next year. The Florida Republican would join fellow candidates Texas Senator Ted Cruz and Kentucky Senator Rand Paul. 17:30 at the Freedom Tower, Miami.
-World Strategic Forum. Policy makers and business leaders, including Peru central bank Governor Julio Velarde and Citigroup Inc. Chief Economist Willem Buiter, discuss how to make economies more resilient. 08:00, Biltmore Hotel in Coral Gables, Florida. Through April 14.
-U.K. Prime Minister David Cameron and opposition leader Ed Miliband continue campaigning for the May 7 general election, with little to separate their Conservative and Labour parties in the opinion polls. Details of most appearances are only made public on the day.
-Foreign ministers from Russia, Ukraine, France and Germany meet to discuss progress on the Minsk cease-fire agreement for eastern Ukraine. Starts at 20:00 CET in Berlin (14:00 EDT).
-Russian Energy Minister Alexander Novak and OAO Gazprom Chief Executive Officer Alexey Miller discuss the European Union’s energy market at a Berlin conference. They may meet with Ukrainian and EU energy officials for gas talks on April 13 or 14. Timing to be determined.
-World Copper Conference 2015. Executives from the world’s biggest copper-mining companies will speak, including Codelco’s Nelson Pizarro and Antofagasta Plc’s Diego Hernandez. Slowing demand from China, the world’s biggest metal consumer, is signaling a growing glut that’s pushing down prices. 08:45 in Santiago, Chile (07:45 EDT). Through April 15.
-Future of Energy Summit 2015. Bloomberg New Energy Finance hosts a forum on the shifting global energy system in the age of clean-power resources and shale-gas production. Former U.S. Vice President Al Gore and First Solar Inc. Chief Executive Officer Jim Hughes are among the more than 140 speakers scheduled to participate. 12:50 in New York. Through April 15.
-The Bank of Japan releases the minutes of its monetary policy meeting in March, when Governor Haruhiko Kuroda said prices might temporarily fall again this year. 08:50 in Tokyo (04/12 19:50 EDT).
-Bank of Japan Governor Haruhiko Kuroda speaks at a quarterly meeting of the central bank’s regional branch managers. Later in the day, the BOJ will release its Sakura Report on regional economies, the equivalent to the Federal Reserve’s Beige Book. 09:30 in Tokyo (04/12 20:30 EDT).
-Ex-Rabobank Groep derivatives trader Anthony Conti is scheduled to appear before U.S. District Judge Jed Rakoff in the government’s Libor-manipulation case. In a March 20th e-mail to Bloomberg News, a Justice Department spokesman said Conti planned to waive extradition and face charges of conspiring to influence the dollar and yen London interbank offered rates. 14:00, Manhattan federal court.
-Spanish Prime Minister Mariano Rajoy speaks at the opening of a European Union foreign ministers’ conference on relations with North Africa. 11:00 CET in Barcelona (05:00 EDT).
-German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi tour the Hannover Messe trade fair, where India is the featured country this year. The leaders will speak at a German-Indian business summit at 11:15 CET (05:15 EDT).
-Flame Gas and LNG conference. Speakers include Fatih Birol, chief economist at the International Energy Agency. Starts at 08:30 CET in Amsterdam (02:30 EDT). Through April 16.
-Dorab Mistry, director of Godrej International Ltd. and one of the world’s most-followed forecasters on cooking oils, speaks at a conference in China. 09:00 in Beijing (04/12 21:00 EDT).
-The Platts Global Power Market conference takes place in Las Vegas. Dynegy Inc. Chief Executive Officer Robert Flexon, TransAlta Corp. Chief Investment Officer Brett Gellner and officials from major power grids, producers and regulators are among participants. 09:00 in (12:00 EDT). Through April 15.
-U.S. government bond auctions, Fed debt purchases. Click here for schedule.
-U.S. initial public stock offerings. Click here for schedule.
-U.S. Supreme Court. Click here for schedule.
-ECONOMY: Japan machinery orders (Feb.).
TUESDAY, APRIL 14
-World Economic Outlook. The International Monetary Fund issues its full report on the global economy ahead of spring meetings with the World Bank, and holds a press conference in Washington with Chief Economist Olivier Blanchard. 09:00.
-U.S. retail sales probably jumped in March for the first time in four months, according to economists, amid a pickup in auto purchases and signs job and income growth will spur consumer spending. The Commerce Department releases figures at 08:30 in Washington.
-JPMorgan Chase & Co. earnings. The largest U.S. bank is expected to report adjusted earnings per share rose from a year earlier, helped by efforts to cut costs, according to analysts surveyed by Bloomberg. The results will be released at 07:00 in New York, and an analyst conference call is set for 08:30.
-Foreign ministers from the Group of Seven nations, including U.S. Secretary of State John Kerry, meet for two days of talks on topics including Ukraine, Iran, the Middle East and terrorism. German and French foreign ministers and EU foreign affairs chief Federica Mogherini hold a town-hall event at 15:20 CET in Luebeck, Germany (09:20 EDT), followed by a full ministerial meeting at 17:00 CET.
-Iran bill. The Senate Foreign Relations Committee takes up Chairman Bob Corker’s bill to give Congress 60 days to review and approve any final accord with Iran over its nuclear program. President Barack Obama has promised to veto the bill. 14:15 in Washington.
-German Chancellor Angela Merkel and Indian Prime Minister Narendra Modi hold talks on Modi’s first official visit to Germany since taking office. A joint news conference will be held at about 13:15 CET in Berlin (07:15 EDT).
-Slovak President Andrej Kiska, Prime Minister Robert Fico and Foreign Minister Miroslav Lajcak are among speakers at a conference on foreign policy from 09:00 CET in Bratislava (03:00 EDT).
-Brazil Central Bank President Alexandre Tombini will discuss the country’s economic outlook at a conference. 12:45 in Sao Paulo (11:45 EDT).
-ECONOMY: U.S. PPI (Mar), U.S. business inventories (Feb.), Brazil retail sales (Feb.), Singapore GDP (first quarter).
-CENTRAL BANKS: Singapore monetary policy decision, Indonesia rate decision.
-EARNINGS: Johnson & Johnson, Wells Fargo & Co., Intel Corp., CSX Corp.
WEDNESDAY, APRIL 15
-European Central Bank rate decision. The ECB will probably keep interest rates unchanged at record lows as it assesses the impact of the quantitative-easing program it began last month. 13:45 CET in Frankfurt (07:45 EDT), followed by a press conference at 14:30 CET.
-China releases first-quarter gross domestic product and March industrial production data. The economy’s expansion may slow to 7 percent from 7.3 percent a year earlier. That’s in line with the government’s 2015 target, reflecting Chinese leaders’ tolerance for slower growth as they shift away from relying on exports and infrastructure investment. 10:00 in Beijing (04/14 22:00 EDT).
-The International Monetary Fund releases its Global Financial Stability Report and holds a press conference in Washington with Jose Vinals, head of the fund’s capital markets department. 09:00.
-Bank of America Corp. earnings. The second-largest U.S. bank is expected to report a first-quarter profit after costs from mortgage disputes caused a loss a year earlier. The results will be released at 07:00 in New York, and a presentation for investors is set for 08:30.
-Industrial production probably declined in March, according to a Bloomberg survey, as weak overseas markets limited demand for U.S.-made goods, while warmer weather reduced utility use and oil companies cut production. The Federal Reserve issues the figures at 09:15 in Washington.
-Canada rate decision. Bank of Canada Governor Stephen Poloz will probably keep the country’s benchmark interest rate at 0.75 percent for a second meeting following a surprise quarter-point reduction in January. The 10:00 decision in Ottawa will coincide with a new quarterly economic forecast updating the damage from a drop in exported oil prices. A press conference follows at 11:15.
-North Korea marks the birthday of its late founder Kim Il Sung, a major holiday in the country ruled by his grandson Kim Jong Un. The nation may mark the day with a military parade in Pyongyang and use the occasion to reveal its most advanced weapons. Times to be determined.
-Fed Beige Book. The survey, based on reports from the 12 regional banks of the Federal Reserve system, will help inform policy makers on the Federal Open Market Committee who are scheduled to meet April 28-29 in Washington. 14:00.
-Taiwan’s opposition Democratic Progressive Party, which once advocated Taiwanese independence, is set to nominate party Chairwoman Tsai Ing-wen as its candidate for a January 2016 presidential election. Time to be determined.
-Former U.S. Treasury Secretary Hank Paulson discusses the global economy as part of Politico’s newest live event series, “America’s Fiscal Future.” 07:30 - 09:00. Nasdaq MarketSite, New York.
-St. Louis Federal Reserve President James Bullard, Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig and U.S. Senator Elizabeth Warren are among speakers at the two-day Hyman P. Minksy Conference in Washington. From 08:45.
-The French cabinet meets to approve its three-year budget and reform plan. 10:00 CET in Paris (04:00 EDT).
-French President Francois Hollande begins a two-day state visit to Switzerland. Details to be determined.
-The U.S. Energy Information Administration releases its U.S. oil inventory report. 10:30 in Washington.
-Virtu Financial IPO pricing. Virtu Financial Inc., which last year delayed an initial public offering amid a furor over high-frequency traders, plans to complete its share sale of as much as $314 million. At the high end of its marketed range, New York-based Virtu would be valued at $2.6 billion. Goldman Sachs Group Inc., JPMorgan Chase & Co. and Sandler O’Neill & Partners LP are managing the offering. The shares, to be listed on the Nasdaq Stock Market under the symbol VIRT, begin trading on April 16.
-Etsy IPO pricing. Etsy Inc., the website for handmade and vintage goods, is seeking as much as $267 million in an initial public offering. At the high end of its marketed range, Brooklyn, New York-based Etsy would be valued at $1.78 billion. Goldman Sachs Group Inc., Morgan Stanley and Allen & Co. are managing the offering. The shares, to be listed on the Nasdaq Stock Market under the symbol ETSY, begin trading April 16.
-Bank of Japan Governor Haruhiko Kuroda speaks at the Trust Companies Association of Japan general meeting. 15:15 in Tokyo (02:15 EDT).
-Tax day. Today marks the last day for individuals to either file or request extensions to file their 2014 federal income-tax returns to the U.S. Treasury Department’s Internal Revenue Service. The deadline is the same for most states.
-The International Energy Agency releases its monthly oil-market report detailing supply and demand trends. 10:00 CET in Paris (04:00 EDT).
-The Malaysian Cocoa Board publishes bean processing data for the first quarter. 12:00 in Kuala Lumpur (00:00 EDT).
-ECONOMY: Empire Manufacturing (April), NAHB housing market index (April), MBA mortgage applications (weekly), U.S. capital flows (Feb.), Canada factory sales (Feb.), Canada existing home sales (March), South Korean unemployment (March), Turkey unemployment rate (Jan.), Israel CPI (March), Bulgaria CPI (March), Poland CPI (March), South Africa retail sales (Feb.), Ghana CPI (March).
-CENTRAL BANKS: Poland rate decision.
-EARNINGS: U.S. Bancorp, PNC Financial Services Group Inc., Progressive Corp., Charles Schwab Corp., Delta Air Lines Inc., Netflix Inc., SanDisk Corp.
-Basketball. The National Basketball Association regular season ends. Click here for schedule.
THURSDAY, APRIL 16
-Goldman Sachs Group Inc. earnings. The bank, the top merger adviser in 2014, is expected to report an increase in adjusted first-quarter earnings per share from a year earlier, helped by fixed-income trading, according to analysts surveyed by Bloomberg. Results will be released at 07:30 in New York, and a conference call with analysts is set for 09:30.
-U.S. housing starts probably increased in March, according to economists, as warmer temperatures allowed more builders to begin projects ahead of the spring selling season. The Commerce Department issues data at 08:30 in Washington.
-Central bank officials including the Federal Reserve’s Stanley Fischer, Malaysia’s Zeti Akhtar Aziz and the European Central Bank’s Peter Praet speak on panels in Washington leading up to the World Bank and International Monetary Fund spring meetings. World Bank President Jim Yong Kim gives an 08:45 press conference, and IMF Managing Director Christine Lagarde briefs reporters at 09:30 and 09:50.
-IMF Managing Director Christine Lagarde is interviewed by Fox Business Network’s Maria Bartiromo in Washington. 14:00.
-ECB Vice President Vitor Constancio gives a speech at the 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies. 09:00 in Washington.
-Russia hosts an international security conference with 15 defense ministers, including China’s Chang Wanquan. Moscow. Schedule to be determined.
-The leaders of five British opposition parties, including Labour’s Ed Miliband, hold a debate on BBC Television three weeks before the May 7 general election. 20:00 in London (15:00 EDT).
-South Korea marks the first anniversary of the Sewol ferry sinking that killed more than 300 people, including 250 high school students. The disaster prompted President Park Geun Hye to vow an overhaul of the government in efforts to improve the nation’s safety.
-South African President Jacob Zuma responds to questions in parliament. Opposition lawmakers are demanding he repay some of the public funds used to renovate his private residence. 14:00 in Cape Town (8:00 EDT).
-The U.S. Energy Information Administration releases its natural gas inventory report. 10:30 in Washington.
-The Organization of Petroleum Exporting Countries publishes its monthly oil market report. 12:30 CET in Vienna (06:30 EDT).
-ECONOMY: U.S. building permits (Mar), U.S. initial jobless claims (weekly), Bloomberg U.S. consumer comfort (weekly), Philadelphia Fed survey (April), Australia Unemployment (March), Israel GDP (fourth quarter), Saudi Arabia CPI (March), Nigeria CPI (March).
-CENTRAL BANKS: Chile rate decision.
-EARNINGS: Citigroup Inc., PPG Industries Inc., UnitedHealth Group Inc., KeyCorp, BlackRock Inc., Sherwin-Williams Co., Mattel Inc., American Express Co., Schlumberger Ltd., Philip Morris International Inc., Kinder Morgan Inc., Taiwan Semiconductor Manufacturing Co.
FRIDAY, APRIL 17
-World Bank, IMF talks. The annual spring gathering of the World Bank and International Monetary Fund in Washington features seminars, regional briefings and press conferences focused on the global economy with participants across government, academia and the private sector. Finance ministers and central bankers from the Group of 20 economies are also scheduled to meet. Through April 19. For a schedule, click here.
-U.S. CPI. Consumer prices in the U.S. probably increased in March as an improving U.S. economy gave companies the ability to charge more, economists forecast the Labor Department to report. Even with the projected monthly advance, inflation remains well below the Federal Reserve’s 2 percent goal on a year-over-year basis. 08:30 in Washington.
-U.S. consumer sentiment as measured by the University of Michigan probably rose in April from a month earlier in a sign household spending may be set to strengthen. 10:00 in Washington.
-White House immigration appeal. The U.S. Court of Appeals in New Orleans is set to hear arguments on lifting a temporary hold on President Barack Obama’s plan to allow as many as 5 million undocumented immigrants to remain in the country as a lawsuit by 26 states proceeds. 10:00 (11:00 EDT).
-Portuguese Prime Minister Pedro Passos Coelho, Lloyds Banking Group Plc Chief Executive Officer Antonio Horta-Osorio and Banco BPI SA CEO Fernando Ulrich are scheduled to speak at a conference organized by Jornal de Negocios. Time and place to be determined.
-Thailand releases the first draft of a new constitution after Prime Minister Prayuth Chan-Ocha, then army chief, seized power in May of last year. Time to be determined.
-Turkey’s central bank in Ankara posts its monthly survey of expectations on its website at about 14:30 (07:30 EDT).
-ECONOMY: U.S. leading indicators (Mar), Canada CPI (Mar), Canada retail sales (Feb.), Brazil IGP-M inflation index (April), euro-area final CPI (March), U.K. unemployment rate (Feb.), Czech PPI (March), Poland employment (March), Russia retail sales (March), Russia unemployment (March).
-EARNINGS: Comerica Inc., Honeywell International Inc., General Electric Co., Seagate Technology Plc, Tata Consultancy Services Ltd.
-SOVEREIGN RATING UPDATES: Georgia (Fitch), Kenya (S&P), Macedonia (S&P), Morocco (S&P), Moldova (Moody’s), Namibia (Moody’s), Norway (Fitch), Russia (Fitch & S&P), Slovakia (Moody’s).
SATURDAY, APRIL 18
-Cancer conference. The annual meeting of the American Association for Cancer Research begins in Philadelphia. Through April 22.
-Basketball. The National Basketball Association playoffs begin with eight first-round matchups today and tomorrow. Click here for schedule.
To contact the reporters on this story: James Amott in London at +44-20-3525-4206 or firstname.lastname@example.org; Jim McDonald in Tokyo at +81-3-3201-3190 or email@example.com; Nancy Moran in New York at +1-212-617-2331 or firstname.lastname@example.org To contact the editors responsible for this story: Andy Davidson at +1-212-617-8977 or email@example.com