W Week Ahead

Week Ahead: More EU Sanctions on Russia, ECB Speeches, U.S. and Eurozone GDP, China Manufacturing PMI

25 April, 2022

Key Macro Events

🇪🇺 🇷🇺 Brussels is drawing up plans for a sixth package of sanctions against Russia over its invasion of Ukraine, with measures expected to be presented to European Union countries early this week – Politico (from 25)

🇰🇷 🇯🇵 South Korean President-elect Yoon Suk Yeol sends a delegation to Japan – Bloomberg (25 to 28)

🇨🇦 BOC Chief Tiff Macklem will appear at a parliamentary committee on Monday (25)

🇪🇺 Speech by ECB Executive Board member Fabio Panetta at Columbia University in New York – Bloomberg (25)

🇪🇺 ECB’s governing council member Pablo Hernandez de Cos to deliver a speech at the University of Seville – Bloomberg (26)

🇪🇺 Bank of France Governor Francois Villeroy de Galhau speaks at FT conference on crypto assets – Bloomberg (26)

🇪🇺 ECB’s governing council member de Cos speaks at event at UNED University in Gibraltar – Bloomberg (26)

🇺🇸 Durable Goods Orders for March (26)

🇺🇸 New Home Sales for March (26)

🇺🇸 Consumer Confidence for April (26)

🇩🇪 Germany will increase borrowing plans by nearly 40 billion euros ($43 billion) this year to cushion the effect of the war in Ukraine, taking the total for net new debt to almost 140 billion euros. The adjustment is needed to help finance a range of government measures designed to offset the economic impact of the war and surging energy prices on companies and consumers, said the people, speaking on condition of anonymity before the fiscal plan is presented to the cabinet on Wednesday – Bloomberg (27)

🇪🇺 Speech by ECB President Christine Lagarde at Manager Magazin’s Top 100 women in German Business – Bloomberg (27)

🇩🇪 German Chancellor Olaf Scholz visits Japan until Friday to meet Prime Minister Fumio Kishida – Nikkei (28 to 29)

🇯🇵 BOJ Meeting (28)

🇪🇺 ECB publishes its economic bulletin (28)

🇪🇺 ECB’s Pierre Wunsch speaks at a conference organized by National Bank of the Republic of North Macedonia and the European Investment Bank – Bloomberg (28)

🇪🇺 Presentation of the ECB’s Annual Report 2021 by Luis de Guindos at the European Parliament in Brussels, Belgium – Bloomberg (28)

🇺🇸 1Q GDP (28)

🇨🇭 SNB’s Thomas Jordan speaks at the central bank’s general meetingin Bern – Bloomberg (29)

🇮🇳 Indian Prime Minister Narendra Modi is scheduled to open the nation’s first semiconductor conference in Bengaluru – Bloomberg (29)

🇵🇹 Portugal, parliament to vote on the working majority Socialists budget draft (29)

🇪🇺 ECB’s governing council member Pablo Hernandez de Cos speaks at event about financial fraud in Madrid – Bloomberg (29)

🇪🇺 CPI for April (29)

🇪🇺 1Q GDP (29)

🇨🇳 Manufacturing PMI (30)





Focus on U.S. Economic Calendar

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

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

*Note: Previous reports can be found here