Week Ahead: U.S. Jobs Report; Eurozone, Switzerland and South Korea CPIs; ECB Forum; India-Japan Summit; China-EU Talks; USMCA Deadline

From the U.S. employment report and the annual central bankers’ gathering in Portugal to China-EU trade talks, here’s what you need to know for the week ahead.

Monday

🇯🇵 Japan May retail sales

🇰🇷 South Korea’s presidential office will announce three “megaprojects” expected to involve massive investment in a new semiconductor production cluster in the country’s southwest – Nikkei ⚠

🇨🇳 🇪🇺 Chinese Commerce Minister Wang Wentao visits Brussels for high-level talks with EU officials on China-EU trade relations, market access, and ongoing tariff disputes. Through June 30 – Bloomberg ⚠

🇪🇸 Spain June CPI ⚠

🇪🇺 Eurozone June economic confidence

🇪🇺 Eurozone June consumer confidence

🇬🇧 U.K. May mortgage approvals

🇪🇺 The ECB Forum on Central Banking opens in Sintra, Portugal, with introductory remarks from President Christine Lagarde. Through July 1 – Bloomberg ⚠

🇬🇧 BOE chief Economist Huw Pill speaks on a panel at the Central Bank of the Republic of Uzbekistan’s monetary policy dialogue in Tashkent – Bloomberg

🇳🇴 Norges Bank publishes its third-quarter borrowing plans for Norwegian government bonds and Treasury bills – Bloomberg

🇺🇸 US Supreme Court is expected to issue the final decisions of its term on cases including whether President Donald Trump can restrict birthright citizenship and whether he can oust Federal Reserve Governor Lisa Cook. Decisions on Monday and potentially another day this week – Bloomberg ⚠

Tuesday

🇨🇳 Evergrande Property Services, a unit of the bankrupt Chinese developer, holds its annual shareholders meeting in Guangzhou – Nikkei

🇨🇳 China June manufacturing and non-manufacturing PMIs ⚠

🇯🇵 Japan May unemployment rate

🇯🇵 Japan May industrial production

🇰🇷 South Korea May industrial production

🇦🇺 Australia RBA meeting minutes

🇫🇷 France June CPI ⚠

🇩🇪 Germany June CPI ⚠

🇩🇪 Germany June unemployment

🇮🇹 Italy June CPI ⚠

🇬🇧 U.K. GDP Q1

🇪🇺 🇬🇧 ECB Vice President Boris Vujcic, ECB Chief Economist Philip Lane, ECB Executive Board members Frank Elderson and Isabel Schnabel, and BOE Deputy Governor Sarah Breeden speak at the ECB Forum on Central Banking – Bloomberg ⚠

🇪🇺 ECB Executive Board member Piero Cipollone speaks in a pre- recorded on-stage interview at the Il Sole 24 Ore Payments Summit in Milan – Bloomberg

🇺🇸 U.S. June Conference Board consumer confidence ⚠

🇺🇸 U.S. May job openings ⚠

🇺🇸 Nike earnings

Wednesday

🇯🇵 🇮🇳 Japanese PM Sanae Takaichi visits New Delhi for a bilateral summit with her Indian counterpart Narendra Modi through July 3 – Bloomberg ⚠

🌎 Worldwide June Manufacturing PMI

🇯🇵 Japan Q2 Tankan corporate sentiment index

🇰🇷 South Korea June trade data

🇮🇪 🇪🇺 Ireland takes over the rotating presidency of the Council of the EU, placing it at the center of negotiations on the bloc’s legislative agenda for the next six months.

🇪🇺 Eurozone June CPI ⚠

🌎 Fed Chair Kevin Warsh, ECB President Christine Lagarde, ECB Vice President Boris Vujcic, ECB Executive Board member Piero Cipollone, ECB Chief Economist Philip Lane, BOE Governor Andrew Bailey and Bank of Canada Governor Tiff Macklem speak at the ECB Forum on Central Banking – Bloomberg ⚠

🇺🇸 U.S. June ADP employment change

🇺🇸 U.S. June ISM Manufacturing ⚠

🌎 The deadline for the US, Mexico and Canada to decide whether to extend the USMCA trade agreement for another 16 years – Bloomberg

Thursday

🇦🇺 Australia May trade data

🇰🇷 South Korea June CPI ⚠

🇪🇺 Eurozone May unemployment

🇮🇹 Italy May unemployment

🇪🇸 Spain June unemployment

🇨🇭 Switzerland June CPI ⚠

🇪🇺 ECB Executive Board member Piero Cipollone participates in a discussion followed by a moderated conversation at the Generali Executive Series in Milan – Bloomberg

🇬🇧 BOE rate-setter Catherine Mann speaks in a fireside chat at the Natixis CIB Conference – Bloomberg

🇨🇭 The Swiss National Bank publishes its Financial Stability Report – Bloomberg

🇺🇸 U.S June weekly initial jobless claims

🇺🇸 U.S. June employment report ⚠

🇺🇸 Fed San Francisco President Mary Daly speaks in moderated discussion at Banco de España conference Universidad Internacional Menéndez Pelayo, Santander, Spain – Bloomberg

🇺🇸 U.S. bond markets close early ahead of the Independence Day holiday ⚠

Friday

🌎 Worldwide June services and composite PMIs

🇫🇷 France May industrial production

🇪🇸 Spain May industrial production

🇪🇺 🇬🇧 ECB President Christine Lagarde, ECB Governing Council members Joachim Nagel and Gabriel Makhlouf, and BOE Governor Andrew Bailey speak at the Aix-en-Provence Economic Forum in France – Bloomberg

🇺🇸 U.S. markets closed in observance of the Independence Day holiday ⚠

Earnings

Previews

*Focus on Asia

*Focus on Europe & UK

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w26

What Happened in the World Economy Last Week – in Charts – w26 (Bloomberg)

*Note: Previous reports can be found here