Week inAdvance
Monday | Jul 5, 2021
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Mon Jul 5 U.S. Independence Day holiday observed. Markets, government offices closed. Wimbledon & Tour de France continue. | Tue Jul 6 EC announces new AML legislation. | Wed Jul 7 'Summer camp for moguls' in Sun Valley. SEC's AMAC meets on ESG, diversity & inclusion, and private investments. FOMC minutes. JOLTS report. OECD releases its Employment Outlook 2021. | Fri Jul 9 G20 finance ministers and central bank governors meets in Venice. IOSCO, CPMI, and the Basel Committee market practices roundtable. Walt Disney's 'Black Widow' released. | Sun Jul 11 G20 climate conference.
All times are Eastern and subject to change.
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Thursday, Jul 8
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, Jul 7
FEDERAL RESERVE
Federal Open Market Committee releases minutes from their June 15-16 meeting.
Wednesday, Jul 7
SECURITIES AND EXCHANGE COMMISSION
The SEC's Asset Management Advisory Committee meets to discuss matters relating to (1) the ESG, Diversity & Inclusion, and Private Investments Subcommittees, including recommendations from those subcommittees; and (2) the Evolution of Advice Subcommittee. See the complete agenda here.
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House & Senate not in session.
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Tuesday, Jul 6 -
Wednesday, Jul 7
BRUSSELS, Belgium
On Tuesday, European Commission Vice President Valdis Dombrovskis gives a press conference on the bloc’s new anti money-laundering legislative package. On Wednesday, the EC publishes its updated summer economic forecasts.
Wednesday, Jul 7
PARIS, France
The state of the global recovery from Covid-19 will be outlined by the OECD, perhaps with another upgrade to growth forecasts as the vaccine rollout gathers pace. The biggest concern is for developing countries, which have yet to feel the full economic impact of the coronavirus crisis. Agustín Carstens, general manager of the Bank for International Settlements, has warned that the worst is yet to come for these nations.
Friday, Jul 9
MADRID, Spain (virtual)
International Organization of Securities Commissions (IOSCO), the Committee on Payments and Market Infrastructures (CPMI), and the Basel Committee on Banking Supervision (BCBS) industry roundtable on margin practices.
Friday, Jul 9 -
Saturday, Jul 10
VENICE, Italy
Group of 20 finance ministers and central bank governors meet, chaired by the Italian presidency. The meeting will focus on three pillars of action: People, Planet, Prosperity. This gathering will be the G20’s latest self-imposed deadline to wrap up global minimum tax talks as 130 nations endorsed setting a minimum tax rate for corporations. U.S. Treasury Secretary Janet Yellen will attend. She’ll also visit Brussels after the G20, for meetings with the Eurogroup.
Sunday, Jul 11
VENICE, Italy
G20 Venice Conference on Climate. Federal Reserve Vice Chair for Supervision Randal K. Quarles speaks on "Financial Stability Board and Climate Change."
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Wednesday, Jul 7
SUN VALLEY, Idaho
The annual Allen & Co. Sun Valley conference is set to return after being canceled during the pandemic. Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Berkshire Hathaway's Warren Buffett and Apple's Tim Cook are among the invitees. Dubbed “summer camp for moguls,” the event has often spurred M&A deals.
Wednesday, Jul 7
Analysts will be closely watching the Job Openings and Labor Turnover Survey (JOLTS) report, showing the number of available positions in May. The April report showed a record number of job openings. The quits level was also at a record high, suggesting workers are increasingly confident in their ability to find other jobs.
Friday, Jul 9
Walt Disney releases its latest Marvel film Black Widow in theaters and on Disney+.
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