W Week Ahead

Week Ahead – w26 (2021)

28 June, 2021

Summary Key Events

⚠ G-20 foreign ministers meet in the southern Italian city of Matera. Blinken will attend. Topics for discussion will include building back better with global partners, with a focus on Africa – Bloomberg (from 28 to 30)

🇪🇺 ECB Vice President Luis de Guindos, Bundesbank President Jens Weidmann and Deutsche Bank CEO Christian Sewing speak at the Frankfurt Euro Finance Summit – Bloomberg (28)

🇺🇸 New York Fed President John Williams takes part in a virtual BIS panel discussion – Bloomberg (28)

🇺🇸 Richmond Fed President Tom Barkin discusses inflation risk during a virtual hosted by the Rotary Club of Atlanta – Bloomberg (28)

🇺🇸 Fed Vice Chair for Supervision Randal Quarles discusses central bank digital currency during an event hosted by the Utah Bankers Association – Bloomberg

🇪🇺 The European Commission publishes its summer economic forecasts (28) ➡ Upward revisions are very likely ⚠

🇪🇺 Brussels Economic Forum features online presentations from German Chancellor Angela Merkel, ECB President Christine Lagarde, EU Economy Commissioner Paolo Gentiloni and WTO Director-General Ngozi Okonjo-Iweala – Bloomberg (29)

🇬🇧 BOE policy maker Andrew Hauser speaks on a panel at the 8th Asset Pricing Workshop, hosted by the Center for Applied Macro Finance at the University of York. He’ll discuss “liquidity in government bond and repo markets.” – Bloomberg (29)

🇪🇺 Economic Confidence for June (29) ➡ I expect an upward surprise ⚠

🇺🇸 Richmond Fed President Thomas Barkin takes part in a virtual Market News International (MNI) event – Bloomberg (29)

🇪🇺 ECB Governing Council member Francois Villeroy de Galhau speaks at the Paris Europlace conference. French Finance Minister Bruno Le Maire is also on the program – Bloomberg (29)

🇺🇸 S&P Corelogic Case Shiller (20-City) for April (29) ➡ On a YoY, the index should increase by more than 14%. However, the consensus (+14.8% YoY) seems too high.

🇺🇸 Conference Board Consumer Confidence for June (29)

⚠ OECD meets in Paris to finalize a proposal to overhaul global minimum corporate taxation, which will be presented at the G-20 meeting in July – Bloomberg (from 30 to 1)

🇪🇺 CPI for June (30)

🇬🇧 BOE’s Andy Haldane speaks at the Institute for Government on the changes in monetary policy and central bank communications in the past 30 years – Bloomberg (30)

🇺🇸 Atlanta Fed President Raphael Bostic discusses regionalism at an event hosted by the Buckhead Coalition – Bloomberg (30)

🇺🇸 Richmond Fed President Tom Barkin takes part in a roundtable discussion with regional Hispanic chambers of commerce – Bloomberg (30)

🇯🇵 Business sentiment is expected to register gains in the Bank of Japan’s quarterly Tankan survey, with economists forecasting a rise in the headline index to levels not seen since 2018 – Nikkei (1)

🇨🇳 China’s President Xi Jinping will deliver a speech as the nation marks the 100th anniversary of the founding of the Chinese Communist Party. Celebrations will include an air show in Beijing – Bloomberg (1)

⚠ OPEC+ ministerial meeting held, via videoconference. Nuclear negotiations with Iran may be a key talking point, complicating the group’s decision on raising output – Bloomberg (1)

🇬🇧 BOE Governor Andrew Bailey speaks at the “Plain Numbers Launch.” He also speaks at the Mansion House for a Financial and Professional Services event – Bloomberg (1)

🇪🇺 ECB President Christine Lagarde speaks in her capacity as ESRB chair in the European Parliament – Bloomberg (1)

🇺🇸 Atlanta Fed President Raphael Bostic takes part in a panel discussion hosted by Habitat for Humanity – Bloomberg (1)

🇺🇸 ISM Manufacturing for June (1)

🇪🇺 ECB President Christine Lagarde speaks at the Rencontres Economiques d’Aix-en-Provence – Bloomberg (2)

🇺🇸 Employment Report for June (2)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w25

What happened in the World Economy last Week – in charts – w25 (Bloomberg)

*Note: Previous reports can be found here