Week InAdvance: July 11, 2022

Mon Jul 11 Libor forum at the NY Fed. IOSCO carbon markets roundtable. | Tue Jul 12 IOSCO sustainable finance roundtable. IFF Paris. | Wed Jul 13 Proxy rules on SEC's agenda. US CPI data. Bastille Day. | Thu Jul 14 G20/OECD Corporate Governance Forum. | Fri Jul 15 G20 finmins in Bali. Basel Committee meets. | Sun Jul 17 Annual Meeting of the Champions in Geneva.
The latest US inflation reading is out Wednesday, with the consumer price index projected to show an 8.8% annual gain in June following an 8.6% rate in May. China's second-quarter GDP on July 15 is estimated to rise just 1% from a year ago as its Covid Zero policy hits growth.
The oil market is on edge as US President Joe Biden heads to the Middle East, where he's expected to plead Gulf crude producers to pump more barrels. Biden will visit Israel on the way to Saudi Arabia, where he'll seek to mend ties with Crown Prince Mohammed Bin Salman after criticizing the kingdom's human-rights record.
The Nord Stream 1 pipeline – Europe's key channel for natural gas from Russia – is scheduled to shut Monday for maintenance, tightening a market that's seen prices soar in recent weeks and amid growing fears that Moscow may not reopen it.

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