W Week Ahead

Week Ahead – w24 (2021)

14 June, 2021

Summary Key Events

⚠ NATO Summit held in Brussels for discussions on Russian aggression, cyber attacks, the security impact of climate change, and the rise of China. Turkish President Recep Tayyip Erdogan will meet Biden amid Ankara’s increasingly assertive foreign policy – Bloomberg (14)

🇪🇺 ECB Executive Board member Isabel Schnabel gives opening remarks at the CEPR/EBRD/ECB Symposium on “Climate change, finance and green growth.” – Bloomberg (14)

🇬🇧 BOE Governor Andrew Bailey speaks at the Association of Corporate Treasurer’s conference – Bloomberg (14)

🇪🇺 Industrial Production for April (14) ➡ I expect an upward surprise.

🌏 Defense ministers from ASEAN will gather virtually to discuss regional security issues – Nikkei (15)

🇪🇺 🇺🇸 EU-U.S. summit is held in Brussels, with President Joe Biden attending (15)

🇬🇧 BOE Governor Andrew Bailey speaks at TheCityUK annual conference on the future growth of U.K.-based financial and related professional services – Bloomberg (15)

🇪🇺 ECB Governing Council member Olli Rehn presents the Finnish central bank’s economic forecasts at a press conference – Bloomberg (15)

🇪🇺 ECB Executive Board member Fabio Panetta speaks at a Bundesbank conference on the topic of “Cash in times of turmoil.” – Bloomberg (15)

🇪🇺 ECB Governing Council member Robert Holzmann and IMF Mission Chief Jeffrey Franks present the results of IMF Article IV consultations on the Austrian economy – Bloomberg (15)

🇬🇧 🇦🇺 U.K. Prime Minister Boris Johnson holds a bilateral meeting with Australian Prime Minister Scott Morrison – Bloomberg (15)

🇺🇸 Retail Sales for May (15)

🇺🇸 Industrial Production for May (15)

🇯🇵 Japan’s 150-day regular parliamentary session comes to a close, allowing Prime Minister Yoshihide Suga to focus on hosting the Tokyo Olympics and Paralympics as well as on accelerating COVID-19 vaccinations – Nikkei (16)

🇺🇸 FOMC Meeting (16)

🇺🇸 🇷🇺 President Joe Biden will meet Russian President Vladimir Putin in Geneva — their first in-person session since Biden took office (16)

🇺🇸 Housing Starts and Building Permits for May (16)

🇺🇸 Treasury Secretary Janet Yellen is set to testify before the House Ways and Means Committee about the proposed 2022 federal budget – Bloomberg (17)

🇪🇺 ECB Governing Council member Ignazio Visco and Executive Board member Frank Elderson speak at the Institute of International Finance G-20 conference – Bloomberg (17)

🇪🇺 ECB Chief Economist Philip Lane takes part in the Barcelona GSE Summer Forum – Bloomberg (17)

🇨🇭 SNB meeting (17)

🇳🇴 Norges Bank meeting (17)

⚠ The SEC is expected to deliver its Bitcoin ETF decision, as applications pile up. The SEC will approve, disapprove, or decide to further investigate – Bloomberg (17)

🇨🇳 China kicks off its 618 shopping festival, the country’s second largest online fair, after Alibaba’s Singles Day gala in November – Nikkei (18)

🇯🇵 BOJ Meeting (18)

🇮🇷 Iran holds its presidential election to choose President Hassan Rouhani’s successor. Many moderate and reformist contenders were disqualified, leaving the field dominated by arch conservatives – Bloomberg (18)

🇪🇺 EU Economic and Financial Affairs Council meets in Luxembourg. Discussion topics include VAT rates, strengthening the banking union, and markets in crypto-assets – Bloomberg (18)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w23

What happened in the World Economy last Week – in charts – w23 (Bloomberg)

*Note: Previous reports can be found here