Week Ahead: FOMC Meeting, U.S. Data, BOE Meeting, U.K. Local Vote, OPEC+ Meeting

Key Macro Events

🇪🇺 🇷🇺 The European Union is set to propose a ban on Russian oil by the end of the year, with restrictions on imports introduced gradually until then, according to people familiar with the matter. A decision on the new sanctions could be made as soon as the coming week at a meeting of the bloc’s ambassadors, according to the people – Bloomberg (from 2)

🇮🇳 India Prime Minister Narendra Modi embarks on his first overseas trip this year. He’ll visit Germany, Denmark and France – Bloomberg (2)

🇯🇵 🇪🇺 🇺🇸 Manufacturing PMIs (2)

🇪🇺 Economic Confidence for April (2)

🇺🇸 ISM Manufacturing for April (2)

🇰🇷 BOK minutes of April policy meeting (3)

🇯🇵 🇪🇺 🇬🇧 🇺🇸 Services & Composite PMIs (4)

🇺🇸 ISM Services (4)

🇺🇸 FOMC Meeting (4)

🌏 The Asian Development Bank holds the first stage of its annual meeting virtually, with governors set to discuss the multilateral lender’s finances – Nikkei (5)

🌎 OPEC+ convenes virtually for a regular meeting. The coalition has stuck with a policy of restoring output halted during the pandemic in modest tranches of roughly 400,000 barrels a day – Bloomberg (5)

🇪🇺 ECB Executive Board Member Philip Lane discusses the outlook for euro-area economies at Bruegel event – Bloomberg (5)

🇪🇺 ECB Governing Council member Robert Holzmann speaks at event in Salzburg on the 20th anniversary of the introduction of euro notes and coins – Bloomberg (5)

🇬🇧 BOE Meeting (5)

🇬🇧 UK vote for local authority representatives (5)

🌎 UN’s world food situation monthly report for April – Bloomberg (6)

🇦🇺 Reserve Bank of Australia statement on monetary policy (6)

🇸🇪 Sweden’s Riksbank publishes minutes from its April 27 meeting (6)

🇪🇺 Bank of France Governor Francois Villeroy de Galhau speaks at a conference in Paris – Bloomberg (6)

🇬🇧 Bank of England chief economist Huw Pill speaks at a monetary policy report briefing – Bloomberg (6)

🇺🇸 Employment Report for April (6)

🇺🇸 New York Fed President John Williams delivers opening remarks at an event on environmental economics and policy hosted by his bank – Bloomberg (6)

🇺🇸 Atlanta Fed President Raphael Bostic gives the commencement address at Georgia Tech class of 2022 master’s ceremony – Bloomberg (6)

🇺🇸 Fed Governor Christopher Waller and St. Louis Fed President James Bullard discuss monetary policy on a panel hosted by the Hoover Institution – Bloomberg (7)

🇺🇸 San Francisco Fed President Mary Daly gives the commencement speech to the spring Class of 2022 at Utah Valley University – Bloomberg (7)

Earnings

Previews

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w17

What happened in the World Economy last Week – in charts – w17 (Bloomberg)

*Note: Previous reports can be found here