Week Ahead: Chinese GDP; U.S. Data; U.K. CPI; BOE, ECB & FED Speakers; ECB Minutes; Fed Beige Book

Key Macro Events

🌎 G-7 foreign ministers convene in Karuizawa, Japan. The three-day meeting of foreign ministers of the Group of Seven nations will run until Tuesday after kicking off on Sunday in Karuizawa in Japan’s Nagano prefecture – Nikkei (17)

🇸🇪 Sweden, Spring mini budget, which will include a rise in defence spending as it prepares to join Nato – FT (17)

🇪🇺 ECB President Christine Lagarde speaks at the Council of Foreign Relations in New York – Bloomberg (17)

🇬🇧 Bank of England Deputy Governor Jon Cunliffe delivers keynote speech at Innovate Finance Global Summit – Bloomberg (17)

🇺🇸 April Empire Manufacturing (17)

🇺🇸 April NAHB (17)

🇺🇸 Richmond Fed President Thomas Barkin speaks before the Richmond Association for Business Economics – Bloomberg (17)

🇨🇳 Data including Q GDP, March Retail Sales, Industrial Production and FAI (18)

🇦🇺 RBA Minutes (18)

🇳🇴 Norway parliamentary hearing on sovereign wealth fund. Central bank governor Ida Wolden Bache and Norges Bank investment management CEO Nicolai Tangen give introductory statements – Bloomberg (18)

🇪🇺 ECB executive board member Frank Elderson participates in meeting on climate-related financial risks in New York – Bloomberg (18)

🇺🇸 March Housing Starts and Building Permits (18)

🇺🇸 Fed Governor Michelle Bowman discusses considerations for a central bank digital currency at an event at Georgetown University in Washington – Bloomberg (18)

🇪🇺 ECB chief economist Philip Lane speaks at Enterprise Ireland Summit in Dublin – Bloomberg (19)

🇪🇺 ECB Governing Council member Klass Knot gives lecture at Central Bank of Ireland – Bloomberg (19)

🇪🇺 Pablo Hernández de Cos speaks at Bloomberg New Economy Gateway Europe event in Dublin – Bloomberg (19)

🇪🇺 ECB executive board member Isabel Schnabel lectures at Leibniz-Zentrum für Europäische Wirtschaftsforschung in Mannheim, Germany – Bloomberg (19)

🇪🇺 ECB Governing Council holds virtual non-monetary-policy meeting – Bloomberg (19)

🇪🇺 March CPI Final Estimate (19)

🇬🇧 Bank of England policymaker Catherine Mann speaks about “the economics of climate change” at Brandeis International Business School near Boston – Bloomberg (19)

🇬🇧 March CPI (19)

🇺🇸 Fed releases Beige Book, economic survey based on anecdotal reports from the 12 district banks; the prior version said the US economy proved resilient at start of 2023 – Bloomberg (19)

🇺🇸 Chicago Fed President Austan Goolsbee is interviewed on NPR’s Marketplace with Kai Ryssdal – Bloomberg (19)

🇺🇸 New York Fed President John Williams gives a dinner speech to the Money Marketeers of New York University – Bloomberg (19)

🇺🇸 Biden administration expected to brief senators on unauthorized disclosure of highly classified documents regarding war in Ukraine, according to Democratic senate aide – Bloomberg (19)

🇪🇺 ECB governing council member Ignazio Visco speaks in London at Official Monetary and Financial Institutions Forum event – Bloomberg (20)

🇪🇺 ECB Governing Council member Robert Holzmann makes opening remarks at Schumpeter lecture in Vienna – Bloomberg (20)

🇪🇺 ECB executive board member Isabel Schnabel is guest lecturer at Stanford Graduate School of Business – Bloomberg (20)

🇪🇺 ECB President Christine Lagarde gives pre-recorded video message on the occasion of 55th anniversary of Central Bank of Malta – Bloomberg (20)

🇪🇺 ECB Minutes (20)

🇬🇧 Bank of England policy maker Silvana Tenreyro speaks as a panellist at the National Bureau of Economics Research Macroeconomics 38th Annual conference on ‘The Return of Inflation: Why and What to Do about It.’ – Bloomberg (20)

🇬🇧 The CBI and PwC publish their quarterly survey of financial services. It tracks optimism, profits and employment for the first quarter of 2023 and looks ahead to the year’s halfway point – FT (20)

🇺🇸 March Existing Home Sales (20)

🇺🇸 Fed Governor Christopher Waller speaks at cryptocurrency-focused event hosted by Global Interdependence Center in Sarasota, Florida – Bloomberg (20)

🇺🇸 Philadelphia Fed President Patrick Harker speaks on “monetary policy and housing” a University of Pennsylvania/Wharton School event – Bloomberg (20)

🇺🇸 Cleveland Fed President Loretta Mester discusses the economic and policy outlook at University of Akron in Ohio – Bloomberg (20)

🇺🇸 Atlanta Fed’s Raphael Bostic discusses regional and national economic conditions at Eastern Florida State College – Bloomberg (20)

🇺🇸 Fed Governor Michelle Bowman and Dallas Fed President Lorie Logan participate in a “Fed Listens” event on the Permian Basin at Odessa College in Texas – Bloomberg (20)

🇺🇸 Atlanta Fed President Raphael Bostic discusses regional and national economic conditions at an event hosted by Eastern Florida State College in Melbourne, Florida – Bloomberg (20)

🌎 April Manufacturing and Services PMIs (21)

🇳🇴 Norway wealth fund publishes first-quarter results – Bloomberg (21)

🇪🇺 ECB vice president Louis de Guindos makes remarks at “Catedra de Economía y Sociedad” organized by Fundación La Caixa in Madrid – Bloomberg (21)

🇪🇺 ECB Governing Council member Boris Vujcic gives monetary-policy speech at regional financial forum – Bloomberg (21)

🇪🇺 ECB executive board member Frank Elderson speaks at event on climate change and central bank mandates organized by the Peterson institute – Bloomberg (21)

🇪🇺 ECB Vice President Luis de Guindos participates in event organized by Colegio de Economistas de Madrid on the occasion of the presentation of a special issue of the Economistas magazine – Bloomberg (21)

🇺🇸 Philadelphia Fed President Patrick Harker discusses the economic outlook – Bloomberg (21)

🇺🇸 Fed Governor Lisa Cook discusses economic research at an event at Georgetown University in Washington – Bloomberg (21)

Earnings

Previews

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w15

What happened in the World Economy last Week – in charts – w15 (Bloomberg)

*Note: Previous reports can be found here