W Week Ahead

Week Ahead: U.S Employment Report, BOE Meeting, OPEC+ Meeting, Truss/Sunak Debate

01 August, 2022

Key Macro Events

🇬🇧 Tory members begin voting on the next UK prime minister after the resignation of Boris Johnson, with Foreign Secretary Liz Truss and former Chancellor Rishi Sunak going head to head. Campaigning continues in various regional centers – Bloomberg (1)

🌎 July Manufacturing PMIs (1)

🇺🇸 July ISM Manufacturing (1)

🇺🇸 US primary elections are held in Arizona, Kansas, Michigan, Missouri and Washington. In Arizona, the Republican US Senate primary pits state Attorney General Mark Brnovich against Blake Masters, endorsed by former President Donald Trump and venture capitalist Peter Thiel. The winner will face Democratic Senator Mark Kelly – Bloomberg (2)

🇺🇸 US Secretary of State Antony Blinken is expected to attend the Asean foreign ministers’ meeting in Phnom Penh, Cambodia, and visit the Philippines. Russian Foreign Minister Sergei Lavrov is also expected to attend the Asean talks – Bloomberg (from 2 to 6)

🇺🇸 Chicago Fed President Charles Evans hosts a media breakfast – Bloomberg (2)

🇺🇸 Cleveland Fed President Loretta Mester takes part in a Washingotn Post live interview – Bloomberg (2)

🇺🇸 St. Louis Fed President James Bullard discusses the economy and monetary policy at an event hosted by the Money Marketeers of New York University – Bloomberg (2)

🌏 Southeast Asia’s top diplomats will meet face-to-face during the 55th ASEAN Foreign Ministers’ Meeting in Phnom Penh amid deepening political crisis in the bloc’s member-state Myanmar – Nikkei (3)

🌎 OPEC+ meets to decide on crude production plans for September. Their deliberations follow US President Joe Biden’s visit to Saudi Arabia last month to press the group’s Gulf members to boost output – Bloomberg (3)

🇮🇹 Italy is set to approve a $14.5 billion aid plan for families and businesses hit by rising inflation and soaring energy costs – Bloomberg (3)

🌎 July Services and Composite PMIs (3)

🇺🇸 July ISM Services (3)

🇬🇧 UK Tory leadership debate between Liz Truss and Rishi Sunak, on Sky News – Bloomberg (4)

🌎 NATO Secretary General Jens Stoltenberg speaks at the Workers’ Youth League on the island of Utoya, Norway – Bloomberg (4)

🇪🇺 ECB Publishes Economic Bulletin (4)

🇬🇧 BOE Meeting (4)

🇺🇸 Cleveland Fed President Loretta Mester discusses the outlook for the economy and monetary policy at an event hosted by the Economic Club of Pittsburgh – Bloomberg (4)

🇺🇸 Congressional primaries are held in Tennessee – Bloomberg (4)

🇬🇧 UK, about 150,000 Conservative party members are due to receive their ballots by today to begin voting for a new leader, and hence the new British prime minister – FT (5)

🇬🇧 Bank of England Chief Economist Huw Pill speaks at the Monetary Policy Report national agency briefing – Bloomberg (5)

🇷🇺 🇹🇷 Russian President Vladimir Putin is due to meet with Turkish President Recep Tayyip Erdogan in Sochi, Russia – Bloomberg (5)

🇺🇸 July Employment Report (5)




Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w30


What happened in the World Economy last Week – in charts – w30 (Bloomberg)

*Note: Previous reports can be found here