Week Ahead: German State Election Results; Canadian Tariffs on U.S. Goods; BRICS Summit; ECB and CBRT Meetings; U.S. and Chinese Inflation Reports; IEA and OPEC Oil Reports; Apple’s New IPhone Launch

From the ECB’s interest rate decision to the U.S. and Chinese inflation reports to Apple’s new iPhone launch, here’s what you need to know for the week ahead.

Monday

🇩🇪 Germany’s Saxony-Anhalt holds a state election on Sunday. The AfD is polling ahead of Chancellor Friedrich Merz’s CDU, raising the prospect of the right-wing party leading a German state government for the first time ⚠

🇨🇳 Huawei launches its next-generation Mate XT 2 triple-fold smartphone in China – Bloomberg

🇨🇳 China August foreign reserves

🇺🇳 The IAEA, the UN’s nuclear safety watchdog, holds a board meeting in Vienna through Sept. 11 – Bloomberg

🇩🇪 Germany July industrial production ⚠

🇪🇺 Eurozone Q2 GDP (final estimate) ⚠

🇪🇺 Eurozone Q2 compensation per employee

🇸🇪 Sweden August CPI

🇺🇸 🇨🇦 Labor Day holiday in the U.S. and Canada. Markets closed.

Tuesday

🇮🇳 Global Fintech Fest begins in Mumbai, with speakers to include Indian Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman. Through Sept. 11 – Bloomberg

🇵🇭 The Philippines is set to unveil an artificial intelligence infrastructure masterplan positioning the Southeast Asian nation as a regional tech hub – Nikkei

🇨🇳 China August trade data ⚠

🇯🇵 Japan July labor earnings ⚠

🇯🇵 Japan Q2 GDP (final estimate)

🇯🇵 Japan July current account balance

🇰🇷 South Korea Q2 GDP

🇦🇺 Australia September Westpac consumer confidence

🇦🇺 Australia August NAB business confidence

🇦🇺 RBA Deputy Governor Andrew Hauser gives an interview to the ABC. Assistant Governor Sarah Hunter takes part in a fireside chat at the AFR property summit in Sydney – Bloomberg

🇫🇷 France July trade data

🇬🇧 BOE Governor Andrew Bailey, Deputy Governor Dave Ramsden and external members of the Monetary Policy Committee Megan Greene and Alan Taylor testify before Parliament’s Treasury Committee – Bloomberg

🇺🇸 U.S. August NFIB small business optimism

🇺🇸 U.S. July consumer credit

🇨🇦 🇺🇸 Canada’s retaliatory tariffs are scheduled to take effect, targeting about $20 billion of US imports ⚠

Wednesday

🇭🇰 The 11th Belt and Road Summit begins in Hong Kong, with the city’s Chief Executive John Lee among the speakers. Through Sept. 10 – Bloomberg

🇨🇳 China August PPI and CPI ⚠

🇯🇵 Japan August machine tool orders

🇳🇿 RBNZ Assistant Governor Karen Silk speaks at the KangaNews New Zealand Debt Capital Market Summit in Auckland – Bloomberg

🇹🇼 Taiwan August trade data

🇫🇷 France industrial production

🇪🇺 Bundesbank President Joachim Nagel gives a speech at the ECB Governing Council meeting in Berlin – Bloomberg

🇸🇪 Riksbank Deputy Governor Anna Seim speaks at the Economy Museumin Stockholm – Bloomberg

🇵🇱 Poland rate decision

🇺🇸 The U.S. Treasury begins expanded buybacks of longer-dated bonds. Through Nov. 4 ⚠

🇺🇸 Apple is expected to unveil new iPhones at its Cupertino, California, headquarters in John Ternus’s first major product launch as CEO – Bloomberg ⚠

🇺🇸 Republicans open their first-ever national midterm convention in Dallas in a bid to energize voters, with President Donald Trump giving a keynote speech – Bloomberg

Thursday

🌏 Political risk consultancy Eurasia Group will host its GZERO Summit Asia – Nikkei

🇯🇵 BOJ Policy Board Member Kazuyuki Masu speaks in Fukui ⚠

🇩🇪 The Bundesbank hosts the 21st Central Bank Conference on the Microstructure of Financial Markets in Eltville am Rhein. Through Sept. 11 – Bloomberg

🛢️ OPEC publishes its monthly oil market report ⚠

🇩🇪 Germany August CPI (final estimate)

🇮🇹 Italy July industrial production

🇳🇴 Norway August CPI

🇪🇺 ECB rate decision ⚠

🇹🇷 Turkey rate decision

🇺🇸 U.S. August PPI ⚠

🇺🇸 U.S. weekly initial jobless claims

🇺🇸 U.S. August existing home sales

🇺🇸 President Donald Trump and Vice President JD Vance deliver speeches at the Republican midterm convention in Dallas – Bloomberg ⚠

Friday

🇯🇵 Japan August PPI

🛢️ The IEA publishes its monthly oil market report ⚠

🇬🇧 U.K. July monthly GDP ⚠

🇬🇧 U.K. July industrial production

🇬🇧 U.K. July trade balance

🇮🇪 ECB chief economist Philip Lane gives speech at the Dublin Economics Workshop annual economic policy conference in Wexford, Ireland – Bloomberg

🇷🇺 Russia rate decision

🇺🇸 U.S. August CPI ⚠

🇺🇸 U.S. September U. of Michigan consumer sentiment ⚠

🇺🇸 U.S. August federal budget balance

🇺🇸 The US marks the 25th anniversary of the Sept. 11, 2001, attacks, with commemorative ceremonies in New York, at the Pentagon, and at the Flight 93 National Memorial in Pennsylvania – Bloomberg

🇮🇹 🇪🇸 🇸🇦 Italy, Spain, Saudi Arabia: Credit Ratings Review for Sept. 11

Weekend

🇪🇺 ECB’s Lagarde Speaks in Épreville-en-Lieuvin, France – Bloomberg

🇮🇳 India is set to host the 18th BRICS Summit in New Delhi over two days, bringing together the group’s members, partner countries and other invitees – Nikkei

🇯🇵 Voting for the Okinawa gubernatorial election will take place – Nikkei

Earnings

Previews

*Focus on Asia

*Focus on Europe & U.K.

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w36

What Happened in the World Economy Last Week – in Charts – w36 (Bloomberg)

*Note: Previous reports can be found here