Week Ahead: BOJ Meeting; U.S. Data; ECB Speakers; Yoon Meets Biden

24 April, 2023

Key Macro Events

🌎 North Sea Summit on energy in Ostend, Belgium. Several European leaders are expected to attend – Bloomberg (24)

🇷🇺 Russian Foreign Minister Sergei Lavrov will chair UN Security Council sessions in New York. Through Tuesday – bloomberg (24)

🇪🇺 EU Foreign Affairs Council meets in Luxembourg, including a video appearance by Ukraine’s foreign minister – Bloomberg (24)

🇩🇪 April Business Climate Index (24)

🇪🇺 ECB Executive Board member Fabio Panetta participates in panel discussion on multilateralism in Brussels Bloomberg (24)

🇪🇺 ECB Governing Council member Boris Vujcic speaks on euro at Croatian Chamber of Commerce event – Bloomberg (24)

🇪🇺 ECB’s Governing Council Francois Villeroy de Galhau speaks at the CityUK International Conference in London on role of central banks – Bloomberg (24)

🇫🇷 🇹🇼 French lawmakers are scheduled to visit Taiwan amid rising tension between mainland China and the island nation – Bloomberg (24)

🇮🇹 Liberation Day. Financial markets closed (25)

🇬🇧 Bank of England Deputy Governor Ben Broadbent speech hosted by National Institute of Economic and Social Research at Cambridge University on ‘Monetary policy: prices versus quantities’ – Bloomberg (25)

🇺🇸 March New Home Sales (25)

🇺🇸 March Conf. Board Consumer Confidence (25)

🇰🇷 🇺🇸 President Yoon Suk Yeol of South Korea meets US President Joe Biden at White House – Bloomberg (26)

🇪🇺 ECB Vice President Luis de Guindos speaks at Delphi Forum in Greece – Bloomberg (26)

🇬🇧 April Retail Consortium shop price index (26)

🇺🇸 March Durable Goods (26)

🇨🇦 BoC Minutes (26)

🇳🇱 Koningsdag or King’s Day national holiday (27)

🇪🇺 ECB’s Panetta Gives Presentation on the Digital Euro – Bloomberg (27)

🇺🇸 1Q GDP (27)

🇯🇵 BOJ Meeting (28)

🇪🇺 Meeting of EU finance ministers and central bank governors in Stockholm, chaired by Swedish Minister for Finance Elisabeth Svantesson. Through April 29 – Bloomberg (28)

🇪🇺 Participation by Christine Lagarde in press conference following the Eurogroup meeting in Stockholm – Bloomberg (28)

🇪🇺 1Q GDP (28)

🇺🇸 March PCE Index (28)

🇸🇪 🇪🇺 Sweden, EU finance ministers and heads of central banks meet in Stockholm as part of the Swedish presidency of the Council of the EU – FT (29)

Earnings

#earnings for the week https://t.co/lObOE0dgsr $AMZN $MSFT $META $FRC $KO $BA $VZ $GOOGL $UPS $ENPH $CLF $HAL $MCD $GM $GE $MMM $PEP $XOM $SPOT $INTC $AAL $V $ROKU $RTX $NEE $PHG $CAT $CVX $SNAP $LLY $VLO $LUV $BOH $MA $CROX $SIFY $JBLU $CMG $DOW $MO $ABBV $NOW $DHR $DX $NET… pic.twitter.com/XwpWMeSZbn
— Earnings Whispers (@eWhispers) April 21, 2023

Busy week of earnings ahead, watch for: $MSFT, $AMZN, $GOOGL, $META, $XOM, $V, $MA, $LLY, $SPOT, $SNAP, $KO, $PEP, $CVX, $AMGN, $DHR, $TMUS, $VZ, $NVS, $TMO, $UBS, $GILD, $CAT, $BA, $MCD, $MRK, $EBAY, #BRO, #HLT, $MMM, $ORLY, $CL, and more. #earnings #stockmarket #stockstowatch pic.twitter.com/TjUsGU0q0g
— Wall Street Horizon (@WallStHorizon) April 21, 2023

https://twitter.com/C_Barraud/status/1649816250833424385

Previews

https://twitter.com/C_Barraud/status/1650010590524456962

Back to life https://t.co/Cx5gJ80enV
— FT Economics (@fteconomics) April 23, 2023

Your Week in Asia
– South Korean President Yoon visits U.S.
– Ueda's first BOJ policy meeting as governor
– Samsung Q1 earnings https://t.co/WLhS8tgOvB
— Nikkei Asia (@NikkeiAsia) April 23, 2023

https://twitter.com/C_Barraud/status/1650355122763866112

Bank of Japan Governor Kazuo Ueda will leave monetary stimulus unchanged at his first policy meeting this week, according to a Bloomberg survey https://t.co/Pw0TIUxwoG
— Bloomberg Economics (@economics) April 23, 2023

More than 100 executives from South Korea’s top firms plan to join President Yoon Suk Yeol on a visit to the US this month that will focus on economic cooperation and securing supply chains less dependent on China for items such semiconductors https://t.co/l1QsNxwtuL
— Bloomberg Economics (@economics) April 22, 2023

Focus on U.S. Economic Calendar

https://twitter.com/C_Barraud/status/1650010187556691968

Schedule for Week of April 23, 2023https://t.co/Kptb1bgSsR The key reports scheduled for this week are the advance estimate of Q1 GDP and March New Home sales.

Other key reports include February Case-Shiller house prices and Personal Income and Outlays for March.
— Bill McBride (@calculatedrisk) April 22, 2023

https://twitter.com/C_Barraud/status/1650208758042075137

Top 10 Macro/Financial Charts of the Previous Week – w16

https://twitter.com/C_Barraud/status/1649820277658755072

What happened in the World Economy last Week – in charts – w16 (Bloomberg)

Here are some of Bloomberg's latest charts on developments in the global economy https://t.co/5q54rwXLUg
— Bloomberg UK (@BloombergUK) April 22, 2023

*Note: Previous reports can be found here