W Week Ahead

Week Ahead – w25 (2021)

21 June, 2021

Summary Key Events

🇪🇺 ECB President Christine Lagarde addresses the European Parliament (21)

🇺🇸 St. Louis Fed President James Bullard and Dallas Fed President Robert Kaplan participate in a virtual Fed Week event. New York Fed President John Williams gives a virtual keynote to the Mid-Size Bank Coalition of America – Bloomberg (21)

🇺🇸 President Joe Biden plans to meet with top U.S. financial regulators on Monday to discuss the health of the system they oversee and how his administration’s priorities, including on climate change and inclusion, can best be addressed – Bloomberg (21)

🇺🇸 President Joe Biden has said he’ll review a bipartisan accord on infrastructure – Bloomberg (21)

🇹🇼 ⚠ The top resident representatives for the U.S., EU and Japan as well as colleagues from their capitals will join Taiwan government ministers, Foxconn Vice Chairman Jay Lee and other corporate leaders and scholars for online discussions on how to improve the sustainability, security and resilience of technology supply chains – Nikkei (22)

🇺🇸 🇪🇺 U.S. Secretary of State Antony Blinken travels to Europe, first stop Berlin where he’ll meet with Chancellor Angela Merkel. In Paris, Blinken and President Emmanuel Macron will meet. Next stop Rome where Blinken will co-chair a meeting of the Global Coalition to Defeat ISIS with Italian Foreign Minister Luigi Di Maio, and meet with President Sergio Mattarella – Bloomberg (from 22 to 29)

🇺🇸 Existing Home Sales for May (22)

🇺🇸 Fed Chair Jerome Powell testifies at a House Subcommittee hearing on the Fed’s pandemic emergency lending and its asset purchase programs – Bloomberg (22)

🇺🇸 San Francisco Fed President Mary Daly speaks at a Peterson Institute virtual event. Cleveland Fed President Loretta Mester discusses financial stability at a Norges Bank virtual workshop – Bloomberg (22)

🇬🇧 🇪🇺 U.K. Brexit minister David Frost gives evidence to parliament amid the ongoing EU dispute over the Brexit trade deal and the imposition of controls across the Irish Sea – Bloomberg (22)

🇯🇵 🇪🇺 🇬🇧 🇺🇸 Manufacturing and Services PMIs (23)

🇺🇸 Fed Governor Michelle Bowman speaks at a conference on economic resilience. Atlanta Fed President Raphael Bostic discusses the impact of systemic racism on entrepreneurship. Boston Fed President Eric Rosengren speaks to the National Association of Corporate Directors – Bloomberg (23)

🇪🇺 ECB Vice President Luis de Guindos speaks at online event organized by Universidad Internacional Menendez Pelayo – Bloomberg (23)

🇺🇸 New Home Sales for May (23)

🇬🇧 BOE Meeting (24)

🇺🇸 The Fed releases the results of stress tests on the largest U.S. banks. The tests measure the banks’ ability to weather a financial crisis. Banks that pass with sufficient capital will be freed from pandemic dividend limits – Bloomberg (24)

🇪🇺 EU leaders meet in Brussels to discuss migration, Covid, economic recovery and foreign relations, including those with Russia and Turkey – Bloomberg (from 24 to 25)

🇺🇸 Fed Presidents Patrick Harker (Philadelphia) and Raphael Bostic (Atlanta) participate in a virtual panel discussion, hosted by the Official Monetary and Financial Institutions Forum – Bloomberg (24)

🇺🇸 St. Louis Fed President James Bullard leads a virtual event hosted by the Clayton Chamber of Commerce. New York Fed President John Williams discusses Staten Island’s economy – Bloomberg (24)

🇪🇺 ECB Executive Board member Isabel Schnabel speaks at a University of Cyprus event on the central bank’s response to the pandemic. ECB Executive Board member Fabio Panetta speaks at an EBF event on the digital euro – Bloomberg (24)

🇺🇸 Durable Goods Orders for May (24)

🇺🇸 Cleveland Fed President Loretta Mester speaks at the virtual Policy Summit 2021 on economic resilience, hosted by her bank. Boston Fed President Eric Rosengren discusses financial stability at Fed Week event – Bloomberg (25)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w24

What happened in the World Economy last Week – in charts – w24 (Bloomberg)

*Note: Previous reports can be found here