Week Ahead: RBA/ECB/BOC Meetings, Fed Beige Book, Fed Speakers, EU Meetings, OPEC+ Meeting

Key Macro Events

🇺🇸 US markets closed for Labor Day holiday (5)

🇨🇳 🇯🇵 🇪🇺 🇬🇧 August Services and Composite PMIs (5)

🇬🇧 The new UK prime minister is announced after weeks of campaigning by Foreign Secretary Liz Truss, now the front-runner, and former Chancellor Rishi Sunak (5)

🌎 OPEC+ meeting follows recent comments by Saudi’s energy minister on the possibility of cuts to output despite pressure from the US to boost supplies – Bloomberg (5)

🇬🇧 BOE Monetary Policy Committee member Catherine Mann to speak at the Money, Macro and Finance Society conference at the University of Kent – Bloomberg (5)

🇬🇧 UK Finance publishes its quarterly household finance review of activity – Bloomberg (5)

🇦🇺 RBA Meeting (6)

🇫🇷 🇩🇪 🇬🇧 🇺🇸 August construction PMI (6)

🇺🇸 August Services and Composite PMIs (6)

🇺🇸 August ISM Services (6)

🇺🇸 US primary elections scheduled in Massachusetts (6)

🇯🇵 Japan further eases its border measures. Those who have completed three doses of COVID vaccines will no longer be required to show a pre-arrival negative COVID test result – Nikkei (7)

🇨🇳 August trade data (7)

🇪🇺 2Q GDP final estimate (7) ➡ It should surprise upward.

🇬🇧 Bank of England Governor Andrew Bailey appears before Treasury Committee – Bloomberg (7)

🇨🇦 BOC Meeting (7)

🇺🇸 Fed Vice Chair for Supervision Michael Barr discusses making the financial system fairer and safer at an event hosted by the Brookings Institution – Bloomberg (7)

🇺🇸 Cleveland Fed President Loretta Mester speaks on Market News International webcast – Bloomberg (7)

🇺🇸 Fed Beige Book (7)

🇺🇸 Apple event, dubbed “Far Out,” is expected to feature new iPhones and Apple watches. Launching a new iPhone is always a big moment for Apple, which counted on the device for more than half of its $366 billion in annual sales last year – Bloomberg (7)

🇦🇺 Reserve Bank of Australia Governor Philip Lowe speaks at the annual Anika Foundation lunch in Sydney – Bloomberg (8)

🇪🇺 ECB Meeting (8)

🇺🇸 Fed Chair Jerome Powell speaks at a Cato Institute conference in Washington – Bloomberg (8)

🇺🇸 Chicago Fed President Charles Evans President speak at College of DuPage economic forum – Bloomberg (8)

🇺🇸 Federal Reserve Bank of Minneapolis President Neel Kashkari speaks at “Toward an Inclusive Recovery” virtual event – Bloomberg (8)

🇺🇸 The U.S. Trade Representative Katherine Tai and Secretary of Commerce Gina Raimondo host the first in-person Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial meeting in Los Angeles – Nikkei

🇨🇳 August Inflation data (9)

🇯🇵 A government panel tasked with tackling rising prices and wage issues will meet on Friday and consider additional policy measures – Reuters (9)

🇪🇺 EU energy ministers extraordinary meeting in Brussels to discuss an emergency intervention in electricity markets. European ministers will discuss special measures to rein in soaring energy costs, from natural gas price caps to a suspension of power derivatives trading – Bloomberg (9)

🇪🇺 EU finance ministers meet in Prague – Bloomberg (9 & 10)

🇺🇸 President Joe Biden travels to Ohio to attend the groundbreaking of a new Intel facility and discuss the Chips Act – Bloomberg (9)

Earnings

Previews

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w35

What happened in the World Economy last Week – in charts – w35 (Bloomberg)

*Note: Previous reports can be found here