Financial markets are due for another lively week ahead this week with an interesting mix of central bank speakers and tier 1 data on the macroeconomic calendar. Stock markets kick off the week at record highs and this week could be pivotal as to whether this bull run can maintain its momentum or if we see a peak and retreat.
Asian markets will be on their toes first thing in the morning on Monday as Jerome Powell is set to speak in the US afternoon – and that will not be the last that we hear from Fed members over the course of the week as they are set up to speak on a plethora of occasions. Given the impact Fed updates are having on the market, expect plenty of volatility around any changes in guidance.
Here is our highlights table of scheduled risk events in the major economies:
Monday
- US – Fed Chair Jerome Powell Speaks.
- China – 1-year and 5-year Loan Prime Rate.
- US – Fed members, Bostic, Waller, Barr, Jefferson and Mester Speak.
Tuesday
- Australia – RBA Monetary Policy Meeting Minutes
- EU – ECB President LaGarde Speaks
- US – Treasury Secretary Yellen Speaks
- Canada – CPI Data
- US – Fed members, Waller, Barkin Williams, Bostic and Barr Speak.
- UK – BOE Governor Andrew Bailey Speaks
Wednesday
- New Zealand – Official Cash Rate, Rate Statement and Monetary Policy Statement.
- UK – CPI Data
- US – FOMC Meeting Minutes
Thursday
- New Zealand – RBNZ Governor Adrian Orr Speaks
- EU – Flash Manufacturing and Services PMI – France, Germany, EU
- UK – Flash Manufacturing and Services PMI
- US – Unemployment Claims Data
- US – Flash Manufacturing and Services PMI
Friday
- UK – Retail Sales Data
- Switzerland – SNB Chairman Thomas Jordan Speaks
- Canada – Retail Sales Data
- US – Durable Goods Data
- US Revised University of Michigan Consumer Sentiment and Inflation Expectations
