W Week Ahead

Week Ahead: U.S. CPI; IMF Economic Outlook; G-20 Finance Ministers Meeting; FOMC Minutes; Biden Visits Northern Ireland; U.S. Earnings

10 April, 2023

Key Macro Events

🌎 Financial markets closed in Canada, Australia and most of Europe for Easter Monday (10)

🌎 IMF/World Bank spring meetings in Washington, with hundreds of top global finance officials and central bankers attending. (10 to 16) – Bloomberg (10)

🇨🇳 March aggregate financing (10)

🇪🇺 ECB governing council member Pablo Hernandez de Cos speaks at Brookings Institute event in Washington – Bloomberg (10)

🇺🇸 New York Fed President John Williams takes part in a moderated discussion hosted by the Economics Review at New York University – Bloomberg (10)

🇰🇷 BOK Meeting (11)

🇨🇳 March CPI and PPI (11)

🇺🇸 US President Joe Biden begins visit to Northern Ireland and Ireland for events keyed to the 25th anniversary of the Good Friday agreement that largely ended the so-called Troubles in Northern Ireland – Bloomberg (11 to 15)

🇧🇷 🇨🇳 Brazilian president Luiz Inácio Lula da Silva starts his week-long visit to China that was postponed at the end of last month. Lula plans to meet Chinese president Xi Jinping and sign about 20 agreements. Before his visit was postponed Lula’s foreign minister Mauro Vieira told the FT the Brazilian president was interested in discussing a peace club to bring an end to the Ukraine conflict – FT (11)

🇫🇷 French president Emmanuel Macron visits the Netherlands – FT (11)

🇨🇭 Swiss parliament to discuss the Credit Suisse/UBS deal and changes in regulation in two-day special session – Bloomberg (11 to 12)

🇬🇧 Barclays publishes consumer spending data for March including trends in credit and debit usage – FT (11)

🇪🇺 ECB’s Villeroy speaks in New York – Bloomberg (11)

🌎 IMF world economic outlook, global financial stability reports released during spring meeting, with separate press briefings to follow – Bloomberg (121

🇺🇸 Peterson Institute meeting held in Washington to coincide with World Bank/IMF gathering – Bloomberg (11 to 14)

🇺🇸 USDA’s World Agricultural Supply/Demand Estimates (WASDE) released – Bloomberg (11)

🇺🇸 Chicago Fed President Austan Goolsbee speaks at the Economic Club of Chicago forum luncheon – Bloomberg (11)

🇺🇸 Philadelphia President Patrick Harker discusses the economic outlook at an event hosted by the Wharton Business School – Bloomberg (11)

🇺🇸 Minneapolis Fed President Neel Kashkari will take part in a moderated town hall hosted by Montana State University in Bozeman – Bloomberg (11)

🇺🇦 Ukraine President Volodymyr Zelenskiy is scheduled to address the IMF/World Bank meeting in a live-streamed discussion with US Treasury Secretary Janet Yellen and others – Bloomberg (12)

🌎 G-20 finance ministers and central bank governors meeting in Washington – Bloomberg (12 to 13)

🇪🇺 ECB governing council member Francois Villeroy de Galhau speaks at Peterson Institute meeting in Washington. Canadian finance minister Chrystia Freeland also speaks – Bloomberg (12).

🇪🇺 ECB governing council member Pablo Hernandez De Cos and BOE Governor Andrew Bailey speak at Institute of International Finance event in Washington – Bloomberg (12)

🇪🇺 ECB vice president Luis de Guindos attends an event organized by Asociacion para el Progreso de Dirección in Madrid – Bloomberg (12)

🇬🇧 Bank of England Governor Andrew Bailey delivers remarks at the Institute of International Finance on the ‘The shifting risk landscape’ – Bloomberg (12)

🇺🇸 March CPI (12)

🇨🇦 BOC Meeting (12)

🇺🇸 Richmond Fed President Thomas Barkin makes remarks at an annual conference on investing in the rural economy hosted by his bank – Bloomberg (12)

🇺🇸 FOMC Minutes (12)

🇨🇳 March Trade Balance (13)

🇮🇹 Italy Istat releases monthly economic note – Bloomberg (13)

🛢 Opec monthly oil market report (13)

🇬🇧 BOE chief economist Huw Pill speaks about the UK economy and monetary policy at Market News International conference – Bloomberg (13)

🇪🇺 Bundesbank President Joachim Nagel holds event with German Finance Minister Christian Lindner in Washington – Bloomberg (13)

🇺🇸 March PPI (13)

🇪🇺 Some Eastern European financial markets, including those in Romania and Greece, closed for Orthodox Good Friday – Bloomberg (14)

🇺🇸 Major US banks JPMorgan Chase, Wells Fargo and Citigroup report earnings – Bloomberg (14)

🇬🇧 🇺🇸 IMF/World Bank meetings: BOE policy maker Silvana Tenreyro speaks on inflation panel with Mohamed El-Erian, others – Bloomberg (14)

🇪🇺 ECB governing council member Joachim Nagel speaks on “getting inflation under control” at Peterson Institute meeting – Bloomberg (14)

🇫🇷 France’s Constitutional Council will review president Emmanuel Macron’s controversial pension reform – Bloomberg (14)

🇫🇮 Talks to form a government in Finland are slated to begin following the April 2 general election – Bloomberg (14)

🇺🇸 March Retail Sales (14)

🇺🇸 March Industrial Production (14)

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

🇺🇸 Treasury secretary Janet Yellen press briefing at IMF/World Bank spring meeting – FT (14)

🇨🇳 March house prices index (15)

🌎 The G-7 foreign ministers’ meeting will be held in Karuizawa, in Japan’s Nagano prefecture – Nikkei (16 to 18)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w14

What happened in the World Economy last Week – in charts – w14 (Bloomberg)

*Note: Previous reports can be found here