Week inAdvance
Monday | Nov 22, 2021
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Mon Nov 22 Basel Institute on Governance virtual training. | Tue Nov 23 IOSCO review of margining practices. | Wed Nov 24 FOMC minutes. | Thu Nov 25 U.S. Thanksgiving Day: U.S. equity, bond markets closed. | Fri Nov 26 Black Friday with lower discounts amid supply-chain pressures.
Before the Thanksgiving holiday on Nov. 25, U.S. President Joe Biden is expected to announce his nominee for the Federal Reserve chair. Jerome Powell, who has been in the job since 2018, remains the betting-market favorite to continue in the role, but the odds for board member Lael Brainard have increased.
PMI data for the U.S. and the Euro-zone will be announced on Tuesday. Manufacturers are dealing with rising costs amid supply-chain constraints and are passing the pain onto consumers. Meanwhile, the services industry, which has become Europe’s growth engine, faces a fresh wave of Covid-19 infections.
Black Friday deals, unlike in previous years, are shaping up to be underwhelming in 2021 as demand swamps supply. Seasonal discounts on sporting goods and appliances will be lower than last year, according to Adobe, amid tight inventories, robust consumer spending and rising inflation.
All times are Eastern and subject to change.
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Thursday, Dec 9
INVESTORS market practices industry update
10:30 - 11 am
Come when you can. Leave when you have to. Take your calls.
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Wednesday, Nov 24
FEDERAL RESERVE
Federal Open Market Committee (FOMC) minutes from the November 2-3 meeting released at 2 pm ET.
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House and Senate not in session.
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Monday, Nov 22 -
Wednesday, Nov 24
LONDON, U.K. (virtual)
Tuesday, Nov 23
BRUSSELS, Belgium
EU general affairs council meeting.
Tuesday, Nov 23 -
Tuesday, Nov 30
MADRID, Spain (virtual)
IOSCO Review of Margining Practice: Consultative report virtual stakeholder outreach.
Monday, Nov 22 -
Thursday, Nov 25
BASEL, Switzerland
The Basel Institute on Governance is offering a virtual four-day training course on the fundamentals of cryptocurrencies, financial crime and anti-money laundering (AML) compliance. Read more.
Thursday, Nov 25
BRUSSELS, Belgium
EU Competitiveness Council meeting. Agenda includes the Digital Services Act and the Digital Markets Act. Both sets of rules would increase regulation of tech companies such as Amazon, Apple, Facebook and Google.
Thursday, Nov 25 -
Friday, Nov 26
FRANKFURT, Germany
ECB legal conference on continuity and change. Speakers include President Christine Lagarde.
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