Week Ahead: Fed Beige Book; ECB Minutes; BOE, ECB and FED Speakers; Eurozone CPI; US Employment Report; China PMIs; OPEC Meeting

Key Macro Events

🌎 US Memorial Day holiday. Markets and federal offices closed. Some European markets also closed for holidays, including the UK, Switzerland and Germany – Bloomberg (29)

🇪🇺 ECB Governing Council member Pablo Hernández de Cos to give speech `Autonomía estratégica y refuerzo de la arquitectura financiera de la Unión Europea’ at the Instituto de Cuestiones Internacionales y Política – Bloomberg (29)

🇪🇺 EU-US Trade and Technology Council meets in Sweden with chip production under discussion – Bloomberg (30 & 31)

🇪🇺 Lithuanian central bank Governor Gediminas Simkus presents a report on the country’s financial system – Bloomberg (30)

🇪🇺 ECB Governing Council member Robert Holzmann speaks at meeting of Austrian National Bank and European Investment Bank – Bloomberg (30)

🇪🇺 Bank of France Governor Francois Villeroy de Galhau speaks at Paris FinTech Forum – Bloomberg (30)

🇺🇸 May Conf. Board Consumer Confidence (30)

🇺🇸 Richmond Fed President Thomas Barkin interviewed by NABE VP/Morgan Stanley chief US economist Ellen Zentner as part of NABE monetary policy webinar series – Bloomberg (30)

🇨🇳 May NBS PMIs (31)

🇪🇺 Bank of France Governor Francois Villeroy de Galhau speaks at the presentation of the annual report of banking supervisor ACPR – Bloomberg (31)

🇪🇺 ECB issues financial stability review – Bloomberg (31)

🇪🇺 Bank of Italy Governor Ignazio Visco presents the bank’s annual report for 2022 – Bloomberg (31)

🇺🇸 Philadelphia Fed President Patrick Harker has fireside chat on the global macroeconomy and monetary conditions at the Official Monetary and Financial Institutions Forum in Philadelphia – Bloomberg (31)

🇨🇭 Swiss National Bank President Thomas Jordan speaks at monetary policy conference in Lugano, Italy – Bloomberg (31)

🇬🇧 Bank of England policymaker Catherine Mann speaks at the Pictet Family Forum “Central banks, inflation, monetary policy” in Zurich – Bloomberg (31)

🇺🇸 April JOLTS Job Openings (31)

🇺🇸 Boston Fed President Susan Collins and Fed Governor Michelle Bowman give opening remarks at “Fed Listens” event hosted by Boston Fed – Bloomberg (31)

🇺🇸 Federal Reserve Bank of Philadelphia President Patrick Harker has fireside chat on the global macroeconomy and monetary conditions at the Official Monetary and Financial Institutions Forum in Philadelphia – Bloomberg (31)

🇺🇸 Federal Reserve Governor Phillip Jefferson speaks about financial stability and the US economy at the 22nd Annual International Conference on Policy Challenges for the Financial Sector – Bloomberg (31)

🇺🇸 Fed issues Beige Book economic survey based on reports from the Fed’s 12 district banks – Bloomberg (31)

🇺🇸 US Treasury Secretary Janet Yellen has said that the government may run out of cash to pay bills as soon as June 1 if the debt limit isn’t increased – Bloomberg (1)

🌎 China, EU, Japan, UK, US: S&P Global/Cips/HCOB/Caixin/Jibun Bank manufacturing PMI data for May (1)

🇪🇺 Dozens of European leaders gather at the second European Political Community meeting in Moldova – Bloomberg (1)

🌏 🇷🇺 Foreign ministers from the five BRICS members, including Russia’s Sergei Lavrov, are due to meet in Cape Town – Bloomberg (1 & 2)

🇪🇺 May CPI (1)

🇪🇺 ECB’s Knot Speaks in Brussels – Bloomberg (1)

🇪🇺 ECB President Christine Lagarde and German Finance Minister Christian Lindner speak at German savings banks conference – Bloomberg (1)

🇪🇺 ECB issues report its May 3-4 monetary policy meeting, on the 25th anniversary of the European Central Bank replacing the European Monetary Institute – Bloomberg (1)

🇪🇺 Bank of France Governor Francois Villeroy de Galhau speaks at Toulouse School of Economics conference – Bloomberg (1)

🇺🇸 May ADP Report (1)

🇺🇸 May ISM Manufacturing (1)

🇺🇸 Philadelphia Fed President Patrick Harker speaks on economic outlook at NABE’s virtual monetary policy & outlook webinar – Bloomberg (1)

🛢 DOE crude oil inventories report – Bloomberg (1)

🇺🇸 May Employment Report (2)

🛢 Austria, Opec ministers meeting in Vienna (4)

Earnings

Previews

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w21

What happened in the World Economy last Week – in charts – w21 (Bloomberg)

*Note: Previous reports can be found here