W Week Ahead

Week Ahead Preview: U.S. CPI; U.K. Jobs Data; Putin Visits China; EC Economic Outlook; NATO Meeting; Australia Budget; Central Bankers’ Speeches

12 May, 2024

From the U.S. CPI report to the U.K. Jobs Data to the Russian President Vladimir Putin’s planned visit to China and a meeting of NATO military chiefs, here’s what you need to know about the week ahead.


🇪🇺 Euro-area finance ministers meet in Brussels – Bloomberg

🇬🇷 🇹🇷 Greek Prime Minister Kyriakos Mitsotakis meets Turkish President Recep Tayyip Erdogan in Ankara – Bloomberg

🇩🇪 German Chancellor Olaf Scholz visits Sweden to meet with Nordic heads of government – Bloomberg

🇨🇭 Swiss National Bank President Thomas Jordan and IMF Managing Director Kristalina Georgieva Speak in Zurich – Bloomberg

🇺🇸 🇨🇳 President Joe Biden will quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week (from Monday – no time scheduled) – Bloomberg ⚠

🇺🇸 Loretta Mester, president of Federal Reserve Bank of Cleveland, and Fed Vice Chair Philip Jefferson discuss central bank communications at an event hosted at Cleveland Fed.


🇦🇺 Australia Treasurer Jim Chalmers delivers the 2024-25 budget – Bloomberg

🇩🇪 🇸🇪 German Chancellor Olaf Scholz holds talks with Sweden’s Ulf Kristersson in Stockholm, followed by joint news conference – Bloomberg

🇪🇺 European Union finance ministers meet in Brussels – Bloomberg

🇪🇺 European Council President Charles Michel and Danish Prime Minister Mette Frederiksen are among the speakers at the Copenhagen Democracy Summit. Through May 15 – Bloomberg

🇬🇧 March/April jobs data ⚠

🇩🇪 May Zew survey

🇪🇺 Bank of Finland Deputy Governor Marja Nykanen speaks on financial system stability at a Helsinki press conference.

🇬🇧 Bank of England Economist Huw Pill delivers a keynote speech at the Institute of Chartered Accountants in England and Wales Regions Economic summit – Bloomberg

🇺🇸 April PPI ⚠

🇺🇸 Federal Reserve Governor Lisa Cook speaks about growth and change at community development financial institutions at a New York Fed event – Bloomberg

🇺🇸 🇪🇺 Fed Chair Jerome Powell and ECB Governing Council member Klaas Knot speak at special event organized by Netherlands’ Foreign Bankers’ Association – Bloomberg ⚠


🇷🇺 🇨🇳 Russian President Vladimir Putin plans to visit China. Through May 16 – Bloomberg

🇩🇪 🇨🇭 German Chancellor Olaf Scholz holds news conference with Swiss President Viola Amherd after talks; speaks at chamber of commerce labor market forum in Berlin – Bloomberg

🇪🇺 Q1 GDP (2nd estimate)

🇪🇺 March industrial production

🇪🇺 European Commission publishes its Spring Economic Forecast ⚠

🇪🇺 European Central Bank Governing Council member Olli Rehn speaks at the Bank of Finland’s annual payments forum in Helsinki – Bloomberg

🇪🇺 ECB Governing Council member Madis Muller gives press conference on Estonian financial-sector stability – Bloomberg

🇪🇺 ECB Governing Council member Francois Villeroy speaks at French National Assembly Finance Committee – Bloomberg

🇸🇪 Riksbank minutes

🇺🇸 April CPI ⚠

🇺🇸 April retail sales ⚠

🇺🇸 May Empire manufacturing

🇺🇸 May NAHB

🇺🇸 Minneapolis Fed President Neel Kashkari discusses US economy in fireside chat at Williston Basin Petroleum Conference 2024 – Bloomberg

🇺🇸 Federal Reserve Governor Michelle Bowman speaks on innovation and the evolving financial landscape at the DC Blockchain Summit 2024 – Bloomberg


🇦🇺 Reserve Bank of Australia’s Sarah Hunter, assistant governor for economics, speaks in Hobart – Bloomberg

🌎 NATO military chiefs meet in Brussels – Bloomberg ⚠

🇪🇺 European Investment Bank President Nadia Calvino, EU Economy Commissioner Paolo Gentiloni, Lithuanian Prime Minister Ingrida Simonyte, EU Energy Commissioner Kadri Simson, Northvolt CEO Pater Carlsson among speakers at the Brussels Economic Forum – Bloomberg

🇪🇺 ECB Board Member Fabio Panetta participates in panel discussion in Rome – Bloomberg

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

🇪🇺 ECB Governing Council member Joachim Nagel gives speech on ECB’s new operational framework – Bloomberg

🇪🇺 ECB Governing Council member Francois Villeroy de Galhau speaks at IIF conference on sustainable finance in Paris – Bloomberg

🇪🇺 ECB publishes Financial Stability Review – Bloomberg

🇬🇧 BOE policy maker Megan Greene delivers a speech at Make UK on the labor market – Bloomberg

🇺🇸 April housing starts and building permits ⚠

🇺🇸 May Philadelphia business outlook

🇺🇸 April industrial production ⚠

🇺🇸 Vice Chair for Supervision Michael Barr testifies before US Senate Committee on Banking, Housing, and Urban Affairs during a hearing on oversight of financial regulators – Bloomberg

🇺🇸 Philadelphia Fed President Patrick Harker speaks on the economic impact of higher education and healthcare institutions – Bloomberg

🇺🇸 Cleveland Fed President Loretta Mester gives remarks on the economic outlook followed by an audience Q&A – Bloomberg

🇺🇸 Atlanta Fed President Raphael Bostic participates in a moderated conversation about the economic outlook in Jacksonville, Florida – Bloomberg


🇨🇳 April property prices, retail sales, industrial production and FAI ⚠

🇨🇳 China will start selling the first batch of its 1 trillion yuan ($138 billion) of ultra-long special sovereign bonds on Friday – Bloomberg

🇪🇺 April final CPI

🇪🇺 ECB Governing Council members Bostjan Vasle, Boris Vujcic, Robert Holzmann and Martins Kazaks at Financial Systems in the CESEE Region event in Portorož, Slovenia – Bloomberg

🇪🇺 ECB Executive Board member Luis de Guindos speaks at IESE Banking event in Madrid – Bloomberg

🇬🇧 BOE policy maker Catherine Mann delivers a keynote Speech at Economics Statistics Centre of Excellence Conference – Bloomberg

🇺🇸 Federal Reserve Governor Christopher Waller speaks on payments innovation, technical standards and the Fed’s roles to the International Organization for Standardization Technical Committee – Bloomberg

🇺🇸 San Francisco Fed President Mary Daly gives commencement address at the University of San Francisco School of Management.


🇺🇸 Federal Reserve Governor Adriana Kugler gives commencement speech for the Frank Batten School of Leadership and Public Policy at the University of Virginia – Bloomberg

🇺🇸 Fed Chair Jerome Powell speaks at the Georgetown Law commencement ceremony – Bloomberg




Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w19

What Happened in the World Economy Last Week – in charts – w19 (Bloomberg)

*Note: Previous reports can be found here