Week InAdvance: May 9, 2022

Mon May 9 Europe Day, commemorating the Schuman declaration in 1950. | Tue May 10 The Queen plans to attend state opening of Parliament. | Wed May 11 U.S. CPI data. | Thu May 12 White House virtual Covid summit. G7 foreign ministers in Germany. | Fri May 13 ASEAN leaders at the White House. | Sat May 14 NATO foreign ministers in Berlin. | Sun May 15 Total lunar eclipse.
Monday is Victory Day in Russia, the anniversary of German surrender on May 9, 1945. Even in ordinary years the date is marked by a military parade through Red Square. This year, President Vladimir Putin is expected to speak, potentially about events in Ukraine.
Progress is also expected in Finland's and Sweden's efforts to join NATO. Sweden plans to publish a report on Friday with conclusions from all-party talks on security policy. Finland may also announce a decision on whether the nation intends to join the military alliance.
Inflation will be another important focus. CPI data for the U.S. is scheduled for Wednesday. Others reporting inflation figures include China, India, Mexico and Brazil. Fed speakers are back out in force after the U.S. central bank's rate hike this week.

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