W Week Ahead

Week Ahead: ECB and RBA Decisions, U.S. CPI, Russian Talks on Grains, French Elections

06 June, 2022

Key Macro Events

🇬🇧 UK, chancellor Rishi Sunak appears before the Treasury Committee to answer questions on his recently announced cost of living support package – FT (6)

🌏 ASEAN Senior Officials’ Meeting, via videoconference – Bloomberg (from 7 to 9)

🇦🇺 RBA Meeting (7)

🌎 World Bank’s “Global Economic Prospects” report – Bloomberg (7)

🇪🇺 European Central Bank Governing Council member Pierre Wunschpresents Belgium’s financial stability review – Bloomberg (7)

🇷🇺 Russian Foreign Minister Sergei Lavrov is in Serbia for talks – Bloomberg (7)

🇺🇸 US primaries as part of the 2022 midterm election cycle are held in California, Iowa, Mississippi, Montana, New Jersey, New Mexico and South Dakota – Bloomberg (7)

🇮🇳 RBI Meeting (8)

🌎 OECD Economic Outlook, a twice-yearly analysis of major global economic trends and prospects for the next two years – Bloomberg (8)

🇷🇺 🇹🇷 🇺🇦 Russian Foreign Minister Sergei Lavrov is expected to visit Turkey for talks on unblocking Ukraine’s grain exports – Bloomberg (8)

🇪🇺 GDP 1Q Final Estimate (8) ➡ It will surprise upward.

🇬🇧 🇪🇺 The UK government may table legislation to modify the protocol on trade rules between Northern Ireland and the EU – Bloomberg (8)

🇮🇪 Irish Prime Minister Micheal Martin speaks to European Parliament – Bloomberg (8)

🇺🇸 US Congressional Budget Office’s “Monthly Budget Review” for May – Bloomberg (8)

🌎 UN Food & Agriculture Organization’s “Food Outlook,” focusing on developments affecting global food and feed markets – Bloomberg (9)

🇨🇳 Trade data for May (9)

🇪🇺 ECB Meeting (9)

🇨🇦 The Bank of Canada gives an assessment of risks and vulnerabilities in Canada’s financial system. Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers will take questions from reporters following the release of the document – Bloomberg (9)

🇯🇵 Japan will resume accepting international tourists for the first time in about two years, starting with package tour groups – Nikkei (10)

🌎 Leaders and defense ministers from the U.S., Europe and Asian countries will gather in Singapore for a three-day security summit – Nikkei (10)

🌎 Leaders from Poland, the Czech Republic, Bulgaria, Estonia and Lithuania gather with Romanian President Klaus Iohannis in Bucharest to prepare for NATO summit – Bloomberg (10)

🇨🇳 PPI & CPI for May (10)

🇪🇺 ECB Governing Council member Robert Holzmann presents updated Austrian economic forecasts at press conference of the Austrian National Bank – Bloomberg (10)

🇺🇸 CPI for May (10) ➡ I expect an upward surprise.

🇪🇺 Presentation by Joachim Nagel: “How does monetary policy work in the euro system?” – Bloomberg (10)

🇫🇷 Parliamentary election for the 577 members of the Assemblée Nationale – FT (12)

🇮🇹 Municipal elections (12)

🇷🇺 Russia Day, commemorating the country’s declaration of independence from the Soviet Union in 1990 – FT (12)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w22

What happened in the World Economy last Week – in charts – w22 (Bloomberg)

*Note: Previous reports can be found here