W Week Ahead

Week Ahead – w28 (2021)

12 July, 2021

Summary Key Events

🇪🇺 Eurozone finance ministers, the Eurogroup, meet in Brussels. U.S. Treasury Secretary Janet Yellen will address Eurogroup on climate change and global tax policies – Bloomberg (12)

🇪🇺 The EU Foreign Affairs Council meets in Brussels. Discussion topics include Afghanistan, South Caucasus, Lebanon, Ethiopia and digital technologies – Bloomberg (12)

🇬🇧 U.K. Prime Minister Boris Johnson is expected to confirm a final decision on ending most restrictions in England, beginning July 19, amid rising Covid cases – Bloomberg (12)

🇺🇸 Minneapolis Fed President Neel Kashkari takes part in an Allianz employee virtual townhall discussion – Bloomberg (12)

🇫🇷 President Emmanuel Macron is scheduled to address the nation Monday evening, when he’s expected to speak about the risks of the delta variant and measures to counter its rapid spread, including mandatory vaccination for healthcare personnel – Bloomberg (12) ➡ Number of new confirmed cases rebounded recently.

🇨🇳 Trade (Imports & Exports) for June

🇺🇸 CPI for June (13)

🇺🇸 U.S. Fed hosts an event on racism and the economy with a focus on criminal justice. Fed presidents speaking include Neel Kashkari (Minneapolis,) Raphael Bostic (Atlanta,) and Eric Rosengren (Boston.) – Bloomberg (13)

🇳🇿 RBNZ meeting (14)

🇪🇺 Industrial Production for May (14)

🇪🇺 European Commission President Ursula von der Leyen and Commissioner for Budget Johannes Hahn give a press conference in Brussels. Vice President Margrethe Vestager will discuss an EU digital levy – Bloomberg (14)

🇪🇺 European Commission will propose new measures under its Green Deal, including expanding the bloc’s carbon market. This follows adoption of the EU’s climate law, which makes the 2050 climate neutrality objective irreversible and toughens the 2030 greenhouse-gas goals – Bloomberg (14)

🇪🇺 ECB’s Schnabel Speaks at Peterson Institute – Bloomberg (14)

🇨🇦 BOC meeting (14)

🇺🇸 PPI for June (14)

🇺🇸 Minneapolis Fed President Neel Kashkari takes part in a panel discussion about strategies for targeting federal programs to meet the needs of Asian Americans and Pacific Islander communities, and increasing AAPI visibility in federal data – Bloomberg (14)

🇺🇸 Fed Chair Jerome Powell will appear before the House Financial Services committee to deliver the Semi-Annual Monetary Policy Report to Congress – Bloomberg (14)

🇺🇸 Fed Beige Book (14)

🇨🇳 2Q GDP

🇨🇳 Retail Sales, Industrial Production and FAI for June (15)

🇩🇪 🇺🇸 Germany Chancellor Angela Merkel visits the White House to meet with President Joe Biden. Tensions over the Nord Stream 2, a pipeline from Russia to the German coast, will be on their agenda – Bloomberg (15)

🇺🇸 Industrial production for June (15)

🇺🇸 Fed Chair Jerome Powell will appear before the Senate Banking Committee to deliver the semi-annual Monetary Policy Report to Congress – Bloomberg (15)

🇺🇸 Chicago Fed President Charles Evans discusses the U.S. economy at the annual Rocky Mountain Economic Summit – Bloomberg (15)

⚠ OPEC monthly oil market report released, including demand forecasts and OPEC production – Bloomberg (15)

🇯🇵 BOJ meeting (16)

🇯🇵 Bank of Japan Governor Haruhiko Kuroda holds a briefing in Tokyo after the central bank announces its latest interest rate policy – Bloomberg (16)

🇺🇸 Retail sales for June (16) ➡ Auto sales will contribute negatively.

🇺🇸 New York Fed President John Williams gives opening and closing remarks, and First Vice President Naureen Hassan moderates a panel discussion, at an event hosted by the New York Fed about culture in a post-pandemic workplace – Bloomberg (16)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w27

What happened in the World Economy last Week – in charts – w27 (Bloomberg)

*Note: Previous reports can be found here