Week inAdvance
Monday | Jun 8, 2020
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Mon Jun 8 World Bank global econ report.
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Tue Jun 9 Senate Banking hearing on oversight of housing regulators.
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Wed Jun 10 FOMC rate decision. Basel Committee meeting. OECD econ outlook.
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Thu Jun 11 EU finmins in Luxembourg.
Global governments are gradually easing their coronavirus lockdowns to revive economic growth while controlling the spread of Covid-19. In Europe, the Netherlands and Belgium plan to open bars and restaurants, Switzerland will allow universities to open and sex workers to resume their trade, Germany has okayed small gatherings; the Spanish soccer league La Liga will resume, Portugal has re-opened beaches, and Greece plans to relax rules on domestic travel.
Elsewhere, New York City will begin re-opening after recording its first day since March with no virus fatalities, India starts a phased lifting of its nationwide lockdown, allowing malls and restaurants to open. South Africa opens schools, Tokyo has re-opened schools and gyms, and New Zealand could remove most of its remaining restrictions after virtually wiping out the coronavirus there.
All times are Eastern and subject to change.
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Thursday, Jun 11
INVESTORS market practices industry update
11:30 - noon
Friday, Jun 12
ESGaction GOODbenchmarks Working Group call
1 - 2 pm
Come when you can. Leave when you have to. Take your calls.
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Wednesday, Jun 10
FEDERAL RESERVE
Federal Open Market Committee
rate decision at 2 pm. Fed officials are widely expected to remain in a holding pattern, keeping interest rates just above zero while leaving unchanged their vague guidance on the future path of rates and asset purchases. Officials are expected to discuss, but not make a decision on, targeting yields for certain Treasury securities, a tool known as
yield-curve control
. Fed Chair Jerome Powell holds a post-FOMC meeting news conference at 2:30 pm.
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Tuesday, Jun 9
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Hearing on oversight of housing regulators. Witnesses include
Benjamin S. Carson secretary of the Department of Housing and Urban Development; and Mark A. Calabria, director of the Federal Housing Finance Agency.
Tuesday, Jun 9
SENATE FINANCE
Hearing on the CARES Act and unemployment insurance during Covid-19.
Wednesday, Jun 10
HOUSE FINANCIAL SERVICES
Subcommittee on Housing, Community Development, and Insurance virtual hearing on Covid-19 and an unprecedented eviction crisis.
Thursday, Jun 11
HOUSE FINANCIAL SERVICES
Task Force on Financial Technology virtual hearing on inclusive banking during a pandemic, and using Fed accounts and digital tools to improve delivery of stimulus payments.
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Monday, Jun 8
UNITED KINGDOM
The U.K.’s 14-day isolation period for travelers from abroad takes effect despite fierce opposition from airlines and many lawmakers. The policy will be reviewed on June 29.
Monday, Jun 8 -
Tuesday, Jun 9
RIYADH, Saudi Arabia
G20 virtual meetings. On Monday, the 3rd Framework Working Group meeting. On Tuesday, the 3rd Infrastructure Working Group meeting.
Monday, Jun 8 -
Wednesday, Jun 10
DUBAI, U.A.E.
IOSCO Annual Meeting (postponed to November 2020).
Tuesday, Jun 9
BASEL, Switzerland
Basel Committee on Banking Supervision high-level meeting for Europe. By invitation only.
Wednesday, Jun 10
PARIS, France
Wednesday, Jun 10 -
Thursday, Jun 11
BASEL, Switzerland
Basel Committee on Banking Supervision meeting.
Thursday, Jun 11
LUXEMBOURG
Euro-area finance ministers meet
to discuss the EU’s recovery package and Eurogroup presidency succession.
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Monday, Jun 8
WASHINGTON DC
The World Bank releases its semi-annual Global Economic Prospects report. President David Malpass said the bank anticipates “a deep global recession accompanied by a collapse in global trade, tourism and commodity prices, and extraordinary market volatility.”
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