Week InAdvance: May 30, 2022
Mon May 30 Mon | EU summit. U.S. markets closed for Memorial Day holiday. | Tue May 31 Green Swan 2022 livestream. | Wed Jun 1 Fed's Beige Book. | Thu Jun 2 Queen's Platinium Jubilee weekend. | Fri Jun 3 CFTC announces voluntary carbon markets convening.
The Federal Reserve is set to start shrinking its $8.9 trillion balance sheet starting June 1. The key monthly U.S. payrolls report is Friday, and after a solid result in April another hot reading could turn up the pressure on the Fed and its rate tightening path.
In China, the main economic data are the PMIs due on Tuesday. The numbers will provide new indications of whether or not growth is bottoming out - even as restrictions in major cities continue.
The U.K. is gearing up up for a huge celebration to mark Queen Elizabeth II's Platinum Jubilee, or 70 years on the throne for the 96-year-old monarch.
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