BlockBeats News, April 19th: The temporary ceasefire between the US and Iran is set to expire on Tuesday Eastern Time. President Trump announced that the US delegation will arrive in Islamabad, the capital of Pakistan, on the evening of April 20th Eastern Time to participate in the US-Iran negotiations scheduled for April 21st. Currently, Iran has stated that they have not decided to send a negotiation delegation as long as there is a naval blockade (there will be no negotiations). In addition, the confirmation hearing for the Federal Reserve Chair nominee, Wash, will also take place on the same day. Market predictions from Polymarket currently show a 94% probability of Wash being confirmed as the Federal Reserve Chair. The much-anticipated Trump TRUMP token luncheon in the crypto community will also be held on Saturday. Other key macro data and events are as follows:
Monday:
China’s loan prime rate for one-year period as of April 20th;
German Chancellor Merkel and ECB President Lagarde will deliver speeches.
Tuesday:
US March retail sales month-over-month rate;
Expiration of the US-Iran temporary ceasefire, with Trump stating the US delegation will travel to Pakistan for negotiations with Iran;
US Senate Banking Committee will hold a confirmation hearing for Kevin Wash’s Federal Reserve Chair nomination.
Wednesday:
US API and EIA crude oil inventory data for the week ending April 17th;
Thursday:
US initial jobless claims for the week ending April 18th, US April Markit Manufacturing PMI flash estimate;
US April Markit Services PMI flash estimate, US EIA natural gas inventory for the week ending April 17th;
ECB President Lagarde will deliver a speech;
Tesla will announce its earnings report after the US stock market close.
Friday:
Japan’s March core CPI year-over-year rate;
US April University of Michigan Consumer Sentiment Index final value, US April one-year inflation rate expectation final value.
Saturday:
Trump will host a grand luncheon for TRUMP token holders, with himself and 18 “superstars” in attendance;
Trump will host a White House press dinner for the early summer.
