W Week Ahead

Week Ahead: FOMC Minutes, U.S. Data, Black Friday, ECB Speakers

22 November, 2021

Key Macro Events

🇺🇸 🇮🇳 U.S. trade representative Katherine Tai is in India for trade talks – Bloomberg (22)

🇨🇳 🌏 Chinese President Xi Jinping chairs a virtual summit with leaders from members of the Association of Southeast Asian Nations – Nikkei (22)

🌎 Austrian central bank conference on European economic integration. Speakers include European Central Bank Governing Council members Robert Holzmann, Martins Kazaks and Peter Kazimir; Czech National Bank Governor Jiri Rusnok and Serbian central bank Governor Jorgovanka Tabakovic – Bloomberg (22 & 23)

🇪🇺 De Cos gives introductory remarks alongside ECB Vice-President Guindos at Bernacer award ceremony – Bloomberg (22)

🇺🇸 Existing Home Sales for October – Bloomberg (22) ➡ I expect an upward surprise.

🇺🇸 Markit Manufacturing and Services PMIs (23)

🇪🇺 Irish central bank’s Gabriel Makhlouf gives evidence at Irish parliamentary committee “to discuss inflation” – Bloomberg (23)

🇪🇺 Remarks by Mr de Guindos at “La noche de la Economía” organised by El Economista in Madrid, Spain – Bloomberg (23)

🇬🇧 Bank of England policy maker Jonathan Haskel speaks at the Adam Smith Business School on “High inflation now and then.” – Bloomberg (23)

🇪🇺 EU general affairs council meeting in Brussels – Bloomberg (23)

🇺🇸 President Joe Biden will give a speech on the economy and combating inflation on Tuesday as markets await his decision on the next Federal Reserve chair and possible moves to bring down U.S. energy prices – Bloomberg (23)

🇪🇺 Speech by Mr Panetta at Sciences Po in Paris – Bloomberg (24)

🇪🇺 Presentation and exchange with students by Ms Schnabel at Jubilee Conference “Just and SMART Transitions: New Deals, Markets and Governance” on the occasion of 30 years of re-establishment of the Faculty of Economics and Business Administration at University of Sofia – Bloomberg (24)

🇺🇸 3Q GDP QoQ – 2nd estimate (24)

🇺🇸 Durable Goods Orders for October (24)

🇺🇸 New Home Sales for October (24)

🇺🇸 FOMC minutes (24)

🇺🇸 Thanksgiving Day: U.S. equity, bond markets closed (25)

🇰🇷 BOK Meeting (25)

🇲🇽 Banxico Meeting (25)

🇸🇪 Riksbank Meeting (25)

🇪🇺 EU Competitiveness Council meeting in Brussels. Agenda includes the Digital Services Act and the Digital Markets Act. Both sets of rules would increase regulation of tech companies such as Amazon, Apple, Facebook and Google – Bloomberg (25)

🇬🇧 BOE Governor Andrew Bailey speaks with Mohamed El Erian at a Cambridge Union event – Bloomberg (25)

🇪🇺 Bank of France Governor Francois Villeroy de Galhau speaks at ACPR conference – Bloomberg (25)

🇪🇺 ECB legal conference on continuity and change. Speakers include President Christine Lagarde and Executive Board members Frank Elderson, Isabel Schnabel, Fabio Panetta and Philip Lane – Bloomberg (25 & 26)

🌏 Cambodia hosts a two-day Asia-Europe Meeting (ASEM) summit, with leaders from 51 countries and two organizations participating – Nikkei (25)

🇬🇧 BOE’s Huw Pill speaks to CBI North East on the economic outlook – Bloomberg (26)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w46

What happened in the World Economy last Week – in charts – w46 (Bloomberg)

*Note: Previous reports can be found here