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Sunday, 29 June 2025
Economy

G7 reaches its half century in Canada with a focus on Ukraine and tariffs

G7 reaches its half century in Canada with a focus on Ukraine and tariffs

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Welcome to Hello and Working Week.

The anniversary is a subject for the next seven days. G7, whose membership is gathered on Sunday in Kananskis, Alberta, will celebrate 50 years of existence of Rich Club-although it can be tensioned on Israeli-Hamas conflict at the Tariff War, Gaza and Ukraine-Russia talks at the Canadian summit.

This week the US Army will also see the first national institute in the United States, celebrating its 250th anniversary with a parade on Saturday, which has been charting its development since the revolutionary war. This is the day when the European Union will mark the 40th anniversary of signing the Schengen Agreement, in which Germany, France, Belgium, Luxembourg and Netherlands gradually agreed to remove border control. And finally, on Saturday, Trump turned 79 years old.

Westminster Politics has a set Peace Moment this week when UK Chancellor REWS presented his expenses review statement in Parliament on Wednesday. The talks have gone down to the wireBut we know that funds will be allocated for transportation, skill training and housing.

The Polish government has to face the vote of faith on the same day in an attempt to leave the alliance after Prime Minister Donald Tusk abolished this month, which was after the ultraconsive Karol Navarki was flying by the victory of this month. Teeth Should win your vote Since their coalition partners are unlikely to risk losing electricity, although such moves are always risky.

Somewhere else in Europe, representatives of about 200 member states of the United Nations are gathering in Nice to reach the consensus around the security of the sea. A goal for French and Costa Rickon organizers of the gathering is to secure the global implementation of the United Nations High Sea Treaty, On 2023 But it has not been implemented yet because very few countries have confirmed this.

In a thin week for the news of earnings, highlights are ready to be zara-malik Inex First quarter results and British grocery leader reporting Tesco Providing a trading update, and possibly some guidance on UK consumer confidence.

The news of more company is away from the markets. Tesla Launches robotaxis in its backyard – aka Austin, Texas – and Mac loyal world developer conference online (and where) AppleWho is struggling to work as his Siri system, facing pressure to put pressure on AI. The company overplayed its hand last year and announced the key features that it still did not roll. Quite rare miss-steps and suggestions that Apple has serious problems that are achieving their AI strategy from the ground. All this is happening when it is losing tariffs and legal matters and losing the market share in China, so it requires some good news. For more on that, Read with curtains Written by my colleague at San Francisco Michael Acton.

Economic data runs are also a trickle, although a lot of central bankers will be busy giving speeches.

For the US, the main anxiety is inflation, the consumer price index is expected to re -show inflation due to the impact of imported import duties on Wednesday – some of which are holding by Trump’s White House administration. This figure will be an important indicator for the next interest rate decision, being done by the Federal Reserve next week.

Germany will also report inflation data, while the European Union updates a labor market. For the UK, this week is the major data release on Tuesday, the labor market figures and on Thursday monthly GDP, economists predicted 0.1 percent contraction by Reuters. More details below.

One more thing. , ,

Do not forget that this is Father’s Day on Sunday. If you are looking for a gift idea, take a look This list,

What are your preferences for the week? Email me jonathan.moules@ft.com Or, if you are reading it with your inbox, hit the answer.

Major Economic and Company Report

This week is a more complete list of the company’s report and what is to be expected in terms of economic data.

monday

  • Apple Tech starts its annual Worldwide Developers Conference (WWDC) with an early main address by Tech Company’s Chief Executive Tim Cook. Fully online and free event lasts till Friday

  • Australia: Raja’s birthday holiday. Financial market shutdown

  • China: Consumer Price Index (CPI) and Manufacturer Price Index (PPI) inflation rate data

  • Germany, Norway, Switzerland: White Monday holiday. Financial market shutdown

  • Indonesia, Pakistan, Türkiye: Eid al-Dada (festival of sacrifice) holiday. Financial market shutdown

  • Japan: Revised Q1 GDP Estimate

  • US: Conference Board Employment Index

Tuesday

  • FT Live’s annual Securitization Accelerator event starts in Global ABS Barcelona, ​​Spain, which is going on until Thursday. Register here

  • Randall Kroszner, External Member Bank of EnglandThe Financial Policy Committee gave a dinner speech at the ECB conference on Frankfurt, Financial Stability and Macroprudential Policy in Germany.

  • Ashtead Sharers to vote on a proposed US primary listing. If approved, the change is expected to be effective in the first quarter of 2026

  • UK: Bank of England’s Q1 hostage lenders and administrators return data. In addition, June Labor Market figures and May BRC-KPMG Retail Sales Monitor

  • Result: Belve June Trading Update, First FY, Gamestop Q1, Oxford instruments FY, Safe HY, JM Smocker Q4, Tetan asset management Financial year

Wednesday

  • Victoria Support, Executive Director of Market Bank of EnglandIn Finland, Finland, Bank of Finland and Suf conference speaks, titled ‘How to infection in Approach to Qt – Standy State?’, Helsinki, Finland

  • Nathanaël Benjamin, Executive Director for Financial Stability Strategy and Risk Bank of England To talk at the global investment management summit

  • US: CPI inflation rate may be data

  • Result: Fuller, Smith and Turner FY, Inex Q1, real estate investment trust FY, Vip Financial year

Thursday

  • Tesla Set to launch robotaxis in Austin, Texas

  • Nigeria: Democracy Day. Financial market shutdown

  • Russia: Financial markets closed for Russia Day

  • UK: April GDP Estimate

  • US: PPI inflation rate may be data

  • Result: Adobe Q2, Crest nicholson HY, Halma FY, Idox HY, Mind gym FY, Motorpoint FY, Tesco Q1 trade details

Friday

  • European Union: April Industrial Production Statistics & Q1 Labor Market Data

  • Germany: CPI and Hermonized Index of Consumer Price (HICP) Inflation Rate Data

  • UK: Bank of England/Ipsos May Inflation approach survey. In addition, KPMG-Rec UK reported on jobs.

World program

Finally, here is a part of other events and milestones this week.

monday

  • France: The United Nations Ocean Conference begins in Nice, co-maintained by France and Costa Rica. This year’s theme is ‘to accelerate action and gather all actors to gather and use the ocean’ and it lasts till Friday.

Tuesday

Wednesday

  • Belgium: European Council on Foreign Relations Chairing Carl Build, Congress’s Leadership Fund former President Dan Constant and Danish Climate Minister Dan Jorgensen are among the two -day Brussels Forum 2025, who will focus on transatlantic political and economic issues

  • Poland: Vote of faith in Prime Minister Donald Tusks coalition government

  • UK: Review of government spending. Chancellor Rachel makes a statement in Reeves House of Commons

Thursday

  • Russia: Russia Day, marking the day in 1990 when the first Congress of the Russian Federation’s People’s Deputy adopted the announcement of Russia’s national sovereignty

  • US: 125th US Open Golf Tournament concluded on Sunday at Omont Country Club in Plum, Pennsylvania

Friday

  • UK: Assistance of the Bill Vote required required in Commons. In addition, the Kings Birthday Honors list announced before its publication in the Gazette. Among the people receiving a gong are retired footballer David Beckham, who will be given Knighthood

Saturday

  • EU: 40th anniversary of the signature of the Schengen Agreement

  • Falkland Island: Liberation Day. A public holiday in the Southern Atlantic Islands marks the surrender of the Argentina Army after a 10 -week war in 1982, in which 255 British service personnel, three islands and 649 Argentina died.

  • France: 93rd 24 -hour Le Mans – ‘The biggest endurance race in the world’ – LE MANS

  • UK: King Charles III attends the color ceremony in Central London, marking his official birthday

  • US: President Donald Trump celebrated his 79th birthday, US Army on the same date Celebrates its 250th anniversary

sunday

  • Trinity Sunday

  • Father’s Day celebrated internationally

  • Canada: The 2025 G7 Leaders Summit begins in Kananskis, Alberta, which is running until June 17, marks the 50th year of the International Rich Nations Club. The topics of discussion are determined to include routes for global conflict and economic stability

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