Week InAdvance: June 29, 2020

Mon Jun 29 New round of post-Brexit talks. | Tue Jun 30 Powell & Mnuchin appear at House Financial Services hearing. | Wed Jul 1 Successor agreement to Nafta comes into force. FOMC meeting minutes. | Thu Jul 2 U.S. bond markets close at 2 pm in observance of Independence Day holiday. | Fri Jul 3 U.S. Independence Day holiday observed. Markets closed, along with government offices.
Governments are gradually easing Covid-19 lockdowns and travel restrictions to revive economic growth, while attempting to control any resurgence of Covid-19. Infections have flared up in much of the U.S., plus there have been new scares in Germany and Australia. Brazil, India and Indonesia continue to see cases soar. The pandemic's economic fallout is global: the World Bank predicts more than 90% of world economies will experience a recession this year.
Russians are voting on changes to their constitution, which if approved would allow Vladimir Putin to remain in power until 2036. Top Chinese lawmakers meet and are expected to finish new national security legislation for Hong Kong.

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