W Week Ahead

Week Ahead Preview: U.S. CPI; Japanese Wage Negotiations; U.S. Budget Proposal; U.K. Jobs; PBOC MLF Rate; Central Banks’ Speeches

10 March, 2024
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From the U.S. CPI to the U.S. budget proposal and Japanese wage negotiations, here’s what you need to know about the week ahead.

Monday

🇨🇳 China’s top legislative body winds down the NPC, its annual gathering in Beijing. Premier Li Qiang will not hold the traditional press briefing when sessions end – Bloomberg

🇯🇵 Revised Q4 GDP figures

🇬🇧 Annual review of the “shopping basket” of goods and services used by the Office for National Statistics to measure consumer price inflation indices – FT

🇬🇧 UK Financial Policy Committee quarterly meeting, attended by Bank of England Governor Andrew Bailey – Bloomberg

🇬🇧 Bank of England policy maker Catherine L Mann speaks as a panellist at the Centre for Economic Policy Research/Citadel/ICMB launch event for a new eBook titled ‘Monetary policy responses to the post-pandemic inflation’ – Bloomberg

🇺🇸 US budget proposal from President Joe Biden. The annual request often features big-picture proposals that are dead on arrival in Congress – Bloomberg

🇺🇸 US Commerce Secretary Gina Raimondo leads trade and investment mission to the Philippines and then visits Thailand. Through March 14 – Bloomberg

Tuesday

🇺🇸 🇵🇭 The upcoming trade and investment mission to the Philippines highlights the focus of the administration of U.S. President Joe Biden on strengthening economic ties with a regional ally – Nikkei

🇪🇺 Economic and Financial Affairs Council (Ecofin) meeting of all EU finance ministers in Brussels – FT

🇪🇺 ECB Governing Council Member Robert Holzmann speaks in Vienna – Bloomberg

🇬🇧 January/February employment data

🇬🇧 Bank of England policy maker Catherine Mann speaks as a panellist at the National Institute of Economic and Social Research on “Investing for Growth: boosting productivity through higher public and private investment” – Bloomberg

🇺🇸 February NFIB

🇺🇸 Ferbuary CPI

🇺🇸 Democratic presidential primaries including Georgia, Mississippi and Washington state; Republican primaries in Georgia, Mississippi and Washington state; Hawaii caucus – Bloomberg

🇺🇸 🇵🇱 Poland’s President Andrzej Duda and Prime Minister Donald Tusk meet with President Joe Biden at the White House.

Wednesday

🇯🇵 Toyota labor negotiations resume in Japan

🇯🇵 January industrial production

🇪🇺 ECB Executive Board member Piero Cipollone gives virtual concluding remarks at conference organized by Osservatori Digital Innovation, Politecnico di Milano – Bloomberg

🇪🇺 ECB Governing Council member Yannis Stournaras speaks in London – Bloomberg

🇬🇧 January GDP

Thursday

🛢 IEA Oil Market Report

🌎 G7 Ministerial meeting on Industry, Tech and Digital begins in Verona and Trento, running through Friday – FT

🇪🇺 ECB Governing Council member Pablo Hernandez de Cos speaks at online youth event in Madrid – Bloomberg

🇪🇺 ECB Executive Board member Isabel Schnabel gives speech at Money Market Contact Group (MMCG) meeting in Frankfurt – Bloomberg

🇪🇺 ECB Governing Council member Pablo Hernandez de Cos speaks at at Economists Guild in Madrid – Bloomberg

🇪🇺 ECB Executive Board member Luis de Guindos in fireside chat at Foros de Vanguardia in Barcelona, Spain – Bloomberg

🇪🇺 ECB Governing Council member Yannis Stournaras speaks at event on Greek economy at LSE in London – Bloomberg

🇺🇸 February retail sales

🇺🇸 Ferbuary PPI

Friday

🇯🇵 Japan’s largest union federation announces results of annual wage negotiations, just ahead of Bank of Japan policy meeting – Bloomberg

🇨🇳 China is expected to mark World Consumer Rights Day with the “315 Gala,” an annual live TV program by national broadcaster CCTV – Nikkei

🇨🇳 China 1-Year MLF Rate

🇨🇳 February housing prices

🇷🇺 Three days of voting start in the Russian presidential election, with Vladimir Putin seeking a fifth term. Results expected March 17 – Bloomberg

🇪🇺 ECB Governing Council member Boris Vujcic speaks on panel at conference in Split, Croatia – Bloomberg

🇪🇺 ECB Chief Economist Philip Lane gives lecture at Imperial College Business School in London – Bloomberg

🇬🇧 Bank of England issues inflation survey – Bloomberg

🇺🇸 March empire manufacturing

🇺🇸 February industrial production

🇺🇸 March U. of Michigan Cons. Sentiment

Earnings

Previews

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w10

What Happened in the World Economy Last Week – in charts – w10 (Bloomberg)


*Note: Previous reports can be found here