W Week Ahead

Week Ahead Preview: US CPI; BOC, BOK & RBNZ Meetings; Fed Beige Book; ECB Minutes; BOE, ECB and Fed Speakers; Chinese Data; US Banks’ Earnings

09 July, 2023

From US CPI report to the Bank of Canada meeting and the kickoff of major banks’ earnings, here’s what you need to follow for the week ahead.


🇨🇳 June CPI & PPI (10)

🇺🇸 🇪🇺 🇬🇧 US President Joe Biden to visit Europe through July 13. He plans talks with UK Prime Minister Rishi Sunak before heading to Lithuania for the 74th NATO summit, and ending in Finland with a gathering of Nordic leaders – Bloomberg (from 9 to 13)

🇩🇪 🇦🇹 German Chancellor Olaf Scholz, Australia’s Prime Minister Anthony Albanese joint news conference – Bloomberg (10)

🇪🇺 ECB Constantinos Herodotou speaks in dialog session at Economist’s Eastern Mediterranean Business Summit in New York – Bloomberg (10)

🇬🇧 Bank of England Governor Andrew Bailey delivers speech at Financial and Professional Services Dinner – Bloomberg (10)

🇺🇸 Fed Vice Chair for Supervision Michael Barr in a discussion at Bipartisan Policy Center about bank supervision, regulation and new capital requirements – Bloomberg (10)

🇺🇸 San Francisco Fed President Mary Daly to discuss inflation and bank supervision at Brookings Institution event – Bloomberg (10)

🇺🇸 Cleveland Fed President Loretta Mester speaks on the economic and policy outlook at a virtual event hosted by the University of California at San Diego – Bloomberg (10)

🇺🇸 Atlanta Fed President Raphael Bostic has armchair conversation at the Cobb Chamber of Commerce – Bloomberg (10)


🌎 NATO holds its annual summit in Vilnius, Lithuania, through Wednesday. Whether alliance members create a clear path for Ukraine to eventually join will be a major focus – Bloomberg (11)

🇪🇺 Bank of France Governor Francois Villeroy de Galhau speaks at conference on payments security – Bloomberg (11)

🇬🇧 May Employment Report including wages (11)

🇺🇸 June NFIB Survey (11)

🇺🇸 St. Louis Fed President James Bullard speaks in moderated webinar at National Association for Business Economics meeting – Bloomberg (11)


🇳🇿 RBNZ Meeting (12)

🇺🇸 US President Joe Biden visits Helsinki for a US-Nordic summit and celebration of the newest NATO member – Bloomberg (12)

🇪🇺 ECB board member Boris Vujcic speaks on monetary policy and euro-area outlook – Bloomberg (12)

🇪🇺 ECB chief economist Philip Lane and Minneapolis Fed President Neel Kashkari speak on panel about banking solvency and monetary policy at National Bureau of Economic Research Summer Institute 2023 event. The three-week institute in Cambridge, Massachusetts, runs through late July – Bloomberg (12)

🇬🇧 BOE releases financial stability report (12)

🇬🇧 Bank of England Governor Andrew Bailey at news conference on results of financial stability report and stress tests of UK banking system. BOE’s Sarah Breeden and Lee Foulger also brief on the stability report Bloomberg (12)

🇬🇧 Bank of England officials Sarah Breeden and Lee Foulger brief regional agents on the financial stability report and banking stress tests – Bloomberg (12)

🇺🇸 June CPI (12) ➡ On a YoY basis, CPI is expected to converge towards 3%.

🇨🇦 BOC Meeting (12)

🇺🇸 Richmond Fed President Tom Barkin will speak o the Anne Arundel County Chamber of Commerce on inflation and take audience questions. No new text, no livestream – Bloomberg (12)

🇺🇸 Atlanta Fed President Raphael Bostic speaks at the bank’s 2023 Payments Inclusion Forum – Bloomberg (12)

🇺🇸 Minneapolis Fed President Neel Kashkari speaks on panel discussing banking solvency and monetary policy at NBER’s Summer Institute 2023 event – Bloomberg (12)

🇺🇸 Fed Beige Book (12)

🇺🇸 Cleveland Fed President Loretta Mester speaks about FedNow at NBER event – Bloomberg (12)

🇺🇸 White House economic adviser Lael Brainard to address the Economic Club of New York – Bloomberg (12)


🇨🇳 June Trade Data (13)

🇰🇷 BOK Meeting (13)

🇫🇷 French President Emmanuel Macron hosts Indian PM Narendra Modi – Bloomberg (13)

🇪🇺 🇯🇵 EU-Japan Summit in Brussels with Japanese Prime Minister Fumio Kishida to attend – Bloomberg (13)

🇪🇺 May Industrial Production (13)

🇪🇺 ECB Minutes (13)

🇺🇸 June PPI (13)

🇺🇸 Fed Governor Christopher Waller gives speech on economic outlook at Money Marketeers event in New York – Bloomberg (13)


🌎 G20 finance ministers and central bank governors meeting takes place in Gandhinagar, India – Bloomberg (14 to 18)

🇫🇷 Bastille Day in France (14)

🇺🇸 First round of quarterly bank earnings, with Wells Fargo, JP Morgan Case and Citigroup among those scheduled to report – Bloomberg (14) ➡ See the Earnings section below.

🇺🇸 July U. of Michigan Consumer Sentiment (14)





Focus on U.S. Economic Calendar


Top 10 Macro/Financial Charts of the Previous Week – w27


What happened in the World Economy last Week – in charts – w27 (Bloomberg)


*Note: Previous reports can be found here