W Week Ahead

Week Ahead – w22 (2021)

31 May, 2021

Summary Key Events

🇺🇸 🇬🇧 U.S. markets will be closed for the Memorial Day holiday. U.K. markets will be closed for the Spring Bank holiday – Bloomberg (31)

🇪🇺 ECB Governing Council member Ignazio Visco delivers the annual Bank of Italy address – Bloomberg (31)

⚠ COP26 Summit President Alok Sharma delivers a speech on the U.K. government’s climate change agenda ahead of the COP26 meeting in late 2021 – Bloomberg (31)

⚠ The OECD releases its economic outlook (31)

🇮🇱 Deadline to form a new Israeli government expires June 1-2

⚠ OPEC+ meets to review oil production plans (1)

🇬🇧 BOE Governor Andrew Bailey speaks at Reuters Global Responsible Business 2021 conference – Bloomberg (1)

🇺🇸 The Economic Club of New York hosts Fed Governor Lael Brainard for a webinar – Bloomberg (1)

🇪🇺 CPI for May (1)

🇺🇸 ISM Manufacturing for May (1)

🇺🇸 Philadelphia Fed President Patrick Harker participates in a forum on racism and the economy, hosted by the Minneapolis Fed. He’ll also speak at a virtual event hosted by Women in Housing and Finance – Bloomberg (2)

🇺🇸 Chicago Fed President Charles Evans, Atlanta Fed President Raphael Bostic and Dallas Fed President Robert Kaplan also participate in the above forum on racism – Bloomberg (2)

⚠ Bank for International Settlements, Bank of France, IMF and the Network for Greening the Financial System will co-sponsor the virtual Green Swan Conference — coordinating finance on climate. Speakers include Fed Chair Jerome Powell, ECB President Christine Lagarde, former central bank governor Mark Carney, BIS Chair Jens Weidmann and People’s Bank of China Governor Yi Gang – Bloomberg (from 2 to 4)

🇪🇺 ECB to publish a report on the international role of the euro – Bloomberg (2)

🇺🇸 Fed Beige Book (2)

🇺🇸 Fed Vice Chair for Supervision Randal Quarles speaks at a virtual SIFMA event. Philadelphia Fed President Patrick Harker discusses building an equitable workforce recovery at a virtual event – Bloomberg (3)

🇪🇺 🇭🇺 EU’s top court gives a binding ruling in Hungary’s challenge of the EU Parliament’s decision to open its Article 7 procedure for allegedly undermining the rule of law, which technically could lead to the suspension of Hungary’s EU voting rights – Bloomberg (3)

🇺🇸 ISM Services for May (3)

⚠ Fed’s Powell takes part in a Green Swan panel discussion on central banks and climate change with ECB’s Lagarde, Bank of France Governor Francois Villeroy de Galhau and PBOC’s Yi Gang – Bloomberg (4)

⚠ G-7 finance ministers and central bank chiefs meet in London. U.S. Treasury Secretary Janet Yellen will attend, her first overseas trip since taking office – Bloomberg (4 & 5)

⚠ New Zealand hosts an online Asia-Pacific Economic Cooperation meeting of trade ministers from the group’s 21 economies – Bloomberg (4 & 5)

⚠ Bitcoin 2021 brings cryptocurrency experts to Miami to discuss the potential of digital tokens in a particularly turbulent time – Bloomberg (4)

🇺🇸 Employment Report for May (4)

⚠ Trade ministers from the 21 member economies of the Asia-Pacific Economic Cooperation group will meet online on Saturday to discuss the region’s recovery from the COVID-19 pandemic – Nikkei (5)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w21

What happened in the World Economy last Week – in charts – w21 (Bloomberg)

*Note: Previous reports can be found here