W Week Ahead

Week Ahead – w29 (2021)

19 July, 2021

Summary Key Events

🇬🇧 Boris Johnson lifts Covid restrictions in England (19)

🇺🇸 U.S. Treasury Secretary Janet Yellen will convene the President’s Working Group on Financial Markets to discuss rules for so-called stablecoins, a key part of the cryptocurrency market – Bloomberg (19)

🇨🇳 PBoC Meeting (20)

🇫🇷 🇪🇺 Bank of France Governor Francois Villeroy de Galhau speaks at conference on French current account – Bloomberg (20)

🇺🇸 The Economic Club of Washington D.C. hosts a conversation with U.S. Secretary of Transportation Pete Buttigieg – Bloomberg (20)

🇺🇸 Senate Majority Leader Chuck Schumer set a July 21 deadline to wrap up talks on both the bipartisan infrastructure package and an agreement among all Democrats on moving forward on a budget resolution (21)

⚠ Peterson Institute holds an event on “How trade can support post-pandemic recovery.” IMF Managing Director Kristalina Georgieva will speak – Bloomberg (21)

🇪🇺 ECB President Christine Lagarde holds a press conference to discuss the Bank’s rate decision. Policy makers must decide how to adapt their language on interest rates, bond-buying and other tools to their new inflation strategy – Bloomberg (22)

🇪🇺 Informal meeting held in Slovenia of the European Affairs ministers. They’ll discuss strengthening the EU’s resilience to crises – Bloomberg (22 & 23)

🇺🇸 Existing Home Sales for June (22) ➡ I expect a downward surprise.

🇯🇵 The Tokyo Summer Olympics begin (23)

🇷🇺 The Bank of Russia is set to step up the pace of tightening with a possible rate hike of 75 bp or more as inflation runs well above target and shows no signs of easing – Bloomberg (23)

🇪🇺 ECB decides on whether and how to lift the bank dividend cap – Bloomberg (23)

🇪🇺 🇬🇧 🇺🇸 Manufacturing, Services and Composite PMIs for July (23)



Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w28

What happened in the World Economy last Week – in charts – w28 (Bloomberg)

*Note: Previous reports can be found here