W Week Ahead

Week Ahead – w27 (2021)

05 July, 2021

Summary Key Events

🇨🇳 🇪🇺 China’s Xi Jinping, Germany’s Angela Merkel and France’s Emmanuel Macron are expected to hold a video call this week – Bloomberg

🇺🇸 U.S. Independence Day holiday is observed. Markets are closed, along with government offices (5)

🇪🇺 ECB Vice President Luis de Guindos speaks at IESE banking conference – Bloomberg (5)

🇪🇺 ECB policy maker and Spanish central bank Governor Pablo Hernandez de Cosspeaks at the IESE banking conference – Bloomberg (6)

🇪🇺 European Commission Vice President Valdis Dombrovskis gives a press conference on the bloc’s new anti money-laundering legislative package – Bloomberg (6)

🇩🇪 Germany ZEW Survey for July (6)

🇺🇸 ISM Services for June (6)

🇨🇳 Technology leaders will gather for the annual World Artificial Intelligence Conference in Shanghai for four days to discuss industry trends and show off new projects – Nikkei (7)

🇪🇺 The European Commission publishes its updated summer economic forecasts – Bloomberg (7)

🇦🇺 Riksbank Deputy Governor Henry Ohlsson delivers a speech on the E-krona – Bloomberg (7)

🇺🇸 Analysts will be closely watching the Job Openings and Labor Turnover Survey (JOLTS) report, showing the number of available positions in May. The April report showed a record number of job openings. The quits level was also at a record high, suggesting workers are increasingly confident in their ability to find other jobs – Bloomberg (7) ➡ Job Openings will probably be close to 10M.

🇺🇸 Atlanta Fed President Raphael Bostic discusses the economy during a webinar hosted by the national Association of Black Journalists – Bloomberg (7)

🇺🇸 Minutes of the June 15-16 FOMC meeting. The potential timing, composition and criteria for QE taper will all be scrutinized (7)

🇦🇺 Reserve Bank of Australia Governor Philip Lowe gives a speech in Brisbane – Bloomberg (8)

🇪🇺 Market participants will scour the minutes from the ECB’s last meeting for details on its justification for keeping monthly bond buying through the Pandemic Emergency Purchase Programme at a “significantly higher pace” for another three months – Bloomberg (8)

🇨🇳 CPI & PPI for June (9)

🇪🇺 Participation by Ms Lagarde in a high-level panel discussion on digitalisation at the 2021 OECD Annual Conference of the Global Forum on Productivity co-organised by the Italian G20 Presidency – Bloomberg (9)

⚠ The Group of 20 finance ministers and central bankers meet in Venice, Italy. This gathering will be the G-20’s latest self-imposed deadline to wrap up global minimum tax talks as 130 nations endorsed setting a minimum tax rate for corporations – Bloomberg (9 & 10)

🇺🇸 🇪🇺 U.S. Treasury Secretary Janet Yellen attends the G-20 meeting in Venice. She’ll also visit Brussels after the G-20, for meetings with the Eurogroup – Bloomberg (9)

🇬🇧 🇪🇺 BOE Governor Andrew Bailey appears on a panel discussion with ECB President Christine Lagarde about digitalization and intangibles – Blloomberg (9)



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