Week Ahead: U.S., Canada, Australia and Tokyo Inflation Reports; China LPR; BoC and BoJ Minutes; Summer Davos; Wall Street Bank Stress Test Results; Micron and Fedex Earnings
From multiple Inflation reports to the World Economic Forum in Dalian, to Micron Earnings, here’s what you need to know for the week ahead.
Monday
🌏 India hosts a two-day meeting of BRICS national security advisers in New Delhi, with discussions expected to focus on cooperation in dealing with global and regional security issues – Nikkei
🇨🇳 The Fourth China International Supply Chain Expo is held in Beijing, through June 26 – Bloomberg
🇨🇳 China June loan prime rates ⚠
🇩🇪 The BDI’s Day of Industry conference takes place in Berlin, with German Chancellor Friedrich Merz, Defense Minister Boris Pistorius and Foreign Minister Johann Wadephul among speakers. Through June 23 – Bloomberg
🇪🇺 Eurozone June consumer confidence
🇪🇺 ECB’s Panetta Speaks in Rome – Bloomberg
🇪🇺 ECB Governing Council member Martin Kocher speaks at a conference in Vienna – Bloomberg
🇪🇺 ECB President Christine Lagarde gives introductory statement before European Parliament’s Committee on Economic and Monetary Affairs in Brussels – Bloomberg ⚠
🇪🇺 ECB President Christine Lagarde participates in panel on international role of euro with EU Commissioner Dombrovskis and MEP Rasmus Andresen at House of the Euro in Brussels – Bloomberg ⚠
🇮🇪 Central Bank of Ireland’s annual Macroprudential Conference begins in Dublin and runs through June 23 – Bloomberg
🇨🇦 Canada May CPI ⚠
🇺🇸 The Fed Board and New York Fed co-host a conference on the international roles of the US dollar in Washington, with Governor Christopher Waller delivering welcoming remarks. Through June 23 – Bloomberg
Tuesday
🌎 Worldwide June Manufacturing, Services and Composite PMIs ⚠
🇸🇬 Singapore May CPI
🇹🇼 Taiwan May export orders
🌏 The World Economic Forum’s Annual Meeting of the New Champions, also known as “Summer Davos,” takes place in Dalian, China, through June 25 – Bloomberg ⚠
🇫🇷 France June business confidence
🇪🇸 Spain April trade data
🇪🇺 ECB Chief Economist Philip Lane gives introductory statement on macroeconomic outlook before European Parliament’s Committee on Economic and Monetary Affairs in Brussels – Bloomberg
🇪🇺 The Barclays-CEPR Monetary Policy Forum is held in London, with ECB Vice President Boris Vujcic and BOE policymaker Alan Taylor among the speakers – Bloomberg
🇬🇧 BOE rate-setter Swati Dhingra speaks on a panel at King’s College London – Bloomberg
🇭🇺 Hungary rate decision
🇺🇸 Amazon Prime Day begins, offering discounts for Prime members. Through June 26 – Bloomberg
🇺🇸 FedEx earnings ⚠
🇺🇸 U.S. congressional primary elections are held in Maryland, New York and Utah.
Wednesday
🇨🇳 GSMA’s MWC Shanghai begins, bringing together telecom operators, technology companies and policymakers to discuss AI, 5G, 6G and digital connectivity. Through June 26 – Bloomberg
🇦🇺 Australia May CPI ⚠
🇹🇼 Taiwan May industrial production
🇦🇺 RBA Deputy Governor Andrew Hauser speaks at the Economic Society of Australia in Melbourne – Bloomberg
🇯🇵 BOJ Deputy Governor Ryozo Himino delivers Governor Kazuo Ueda’s remarks at the National Shinkin Conference – Bloomberg
🇯🇵 BOJ minutes ⚠
🇩🇪 Germany June IFO business climate ⚠
🇪🇺 ECB Governing Council member Joachim Nagel gives speech on digital euro at Payment & Banking made in Europe, International Bankers Forum in Frankfurt – Bloomberg
🇪🇺 ECB Executive Board member Piero Cipollone participates virtually in fireside chat on digital euro at 5th Point Zero Forum in Zurich, Switzerland. No text will be made available – Bloomberg
🇨🇭 BOE Deputy Governor Sarah Breeden and SNB Vice President Antoine Martin speak at the Global Finance & Technology Network Point Zero forum in Zurich – Bloomberg
🇬🇧 BOE Policymaker Swati Dhingra speaks on a panel during London Climate Action Week – Bloomberg
🇸🇪 Sweden Riksbank meeting minutes
🇺🇸 U.S. May new home sales
🇨🇦 BoC minutes ⚠
🇺🇸 The Fed unveils Wall Street bank stress test results. ⚠
🇺🇸 Micron earnings ⚠
Thursday
🇦🇺 Australia May employment data ⚠
🇯🇵 Japan April leading index
🇯🇵 BOJ board member Naoki Tamura speaks in Hyogo – Bloomberg
🇪🇸 Spain Q1 GDP (final estimate)
🇪🇸 Spain May PPI
🇪🇺 ECB Economic Bulletin
🇪🇺 Bank of France Governor Emmanuel Moulin presents annual report on financial inclusion – Bloomberg
🇪🇺 ECB Chief Economist Philip Lane speaks at the IEA World Congress in Belgrade, Serbia – Bloomberg
🇪🇺 ECB Executive Board member Piero Cipollone gives presentation at International Banking Federation Board meeting in Frankfurt. Slides will be made available on the ECB’s website – Bloomberg
🇺🇸 U.S. Q1 GDP (final estimate)
🇺🇸 U.S. May personal income and spending
🇺🇸 U.S. May PCE inflation indexes ⚠
🇺🇸 U.S. weekly initial jobless claims
🇺🇸 U.S. May durable goods orders ⚠
🇺🇸 Chicago Fed President Austan Goolsbee participates in a fireside chat at the Chicago Council on Global Affairs Global Economy Dialogue Series event – Bloomberg
🇺🇸 New York Fed President John Williams delivers remarks at Crane Data’s Money Fund Symposium – Bloomberg
🇲🇽 Mexico rate decision
🇧🇷 Brazil’s central bank publishes its Monetary Policy Report.
Friday
🇯🇵 Japan June Tokyo CPI ⚠
🇪🇺 Eurozone May ECB CPI expectations ⚠
🇪🇺 EU energy ministers meet to discuss the European grids package – Bloomberg
🇪🇺 ECB Governing Council member Joachim Nagel speaks on panel in Perl-Nenng, Germany – Bloomberg
🇪🇺 ECB Vice President Boris Vujcicspeaks at a Banco de Portugal event in Lisbon – Bloomberg
🇨🇭 The 25th BIS Annual Conference in Basel, Switzerland, will focus on “Central banks and macro-financial stability in a fragmented global economy.” – Bloomberg
🇺🇸 U.S. June advance economic indicators
🇺🇸 U.S. June University of Michigan consumer sentiment ⚠
🇺🇸 Minneapolis Fed President Neel Kashkari participates in a panel at the Aspen Ideas Festival – Bloomberg
Earnings
Previews
*Focus on Asia
*Focus on Europe & UK
Focus on U.S. Economic Calendar
Top 10 Macro/Financial Charts of the Previous Week – w25
What Happened in the World Economy Last Week – in Charts – w25 (Bloomberg)
*Note: Previous reports can be found here