This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here<\/a> to get the newsletter delivered every Sunday. Explore all of our newsletters here<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n Hello and welcome to the working week.<\/p>\n Anyone for taco? As all of you fans of the Unhedged newsletter will know, my colleague Rob Armstrong\u2019s delightful acronym for Trump Always Chickens Out has caused quite a stir in Washington and Wall Street. The July 9 deadline set by Donald Trump to introduce his reciprocal tariffs is almost upon us. Will the US president blink?<\/p>\n Word is that White House officials are seeking to strike narrower bilateral trade deals<\/a> to avoid the harshest tariffs threatened by Trump.<\/p>\n What we do know is that time has run out<\/a> on a US-EU trade deal being struck. The two sides are aiming for a less detailed \u201cagreement in principle\u201d, according to European Commission president Ursula von der Leyen. And it\u2019s a similar story elsewhere. South Korea\u2019s President Lee Jae-myung has noted rather depressingly<\/a> that \u201cthe two sides are not really clear on what they want\u201d. <\/p>\n Want some good news? You can keep up to date with the latest twists and turns with a click of the mouse, on the FT Trump tariff tracker<\/a>.<\/p>\n In Europe, Italian Prime Minister Giorgia Meloni will host a two-day Ukraine recovery conference in Rome, more than three years after Russia\u2019s full scale invasion began. The effort will presumably have the blessing of a new local resident: Pope Leo XIV<\/a>.<\/p>\n Crossing the border from the EU to the UK will be France\u2019s President Emmanuel Macron, arriving in London for a state visit, destined to involved conversations about migrant crossings over the English Channel as well as Anglo-French trade relations.<\/p>\n Also in London, we reach a landmark moment in the Post Office Horizon IT scandal on Tuesday, as the inquiry investigating what became the biggest miscarriage of justice in British legal history publishes volume one of its final report. This document will focus on the human impact of the scandal and the compensation, which some are still waiting to be paid<\/a>. The report\u2019s publication will be followed by remarks by inquiry chair Sir Wyn Williams, livestreamed on the inquiry\u2019s YouTube channel<\/a>.<\/p>\n Summer in the northern hemisphere, not to mention the slow return in the US after the July 4 holiday, means a fairly thin run of corporate and economic announcements this week. <\/p>\n The US Federal Reserve will publish the minutes from its last rate-setting meeting on Wednesday, no doubt fuelling an onslaught of social media posts from Trump about the future of Fed chair Jay Powell. <\/p>\n The main UK data point this week will be the monthly GDP update on Friday, which British chancellor Rachel Reeves will be watching as nervously as we are all are about the weather report.<\/p>\n The central bankers will be busy on the speaker circuit over the coming days. JPMorgan Chase<\/strong> CEO Jamie Dimon will also be giving a speech at the Irish foreign ministry in Dublin on Thursday. <\/p>\n Travel will be a theme of the market reports with Delta Air Lines<\/strong>, Heathrow<\/strong>, Norwegian Air<\/strong> and Jet2<\/strong> revealing latest figures, giving an indication of how many of us are getting away this year and the health of the sector.<\/p>\n Talking of which, I am off for a family break to Cairo, a special trip to mark the end of significant exams for two of my three kids as well as a treat for the other one, an archaeology student. <\/p>\n I am looking forward in particular to visiting the gargantuan new Grand Egyptian Museum, despite the display of the complete Tutankhamun collection uncovered by Howard Carter having its opening postponed due to the Middle East conflict. You can read the FT\u2019s review of this wonder of the modern world here<\/a>.<\/p>\n The Week Ahead will be back with you next Sunday thanks to my colleagues on the FT newsletter team. And you can email me your thoughts about upcoming events at jonathan.moules@ft.com<\/em><\/a> or, if you are reading this from your inbox, just hit reply. Have a great week.<\/p>\n Here is a more complete list of what to expect in terms of company reports and economic data this week.<\/p>\n Bakkavor<\/strong> general meeting of shareholders to vote on the proposed acquisition of the company by Greencore<\/strong>. If approved, the deal is expected to complete in early 2026<\/p>\n<\/li>\n Deutsche Bundesbank<\/strong> president Joachim Nagel speaks on \u201cThe German economy: navigating cyclical fluctuations and boosting long-term growth\u201d at the Ragnar Nurkse lecture in Tallinn, Estonia<\/p>\n<\/li>\n EU: May retail trade figures<\/p>\n<\/li>\n Germany: May production index<\/p>\n<\/li>\n Japan: Consumption Activity Index<\/p>\n<\/li>\n UK: Halifax July House Price Index<\/p>\n<\/li>\n US: Conference Board employment index<\/p>\n<\/li>\n Results: Ferrexpo <\/strong>Q2 production report, Galp Energia <\/strong>Q2 trading update, Shell <\/strong>Q2 quarterly update<\/p>\n<\/li>\n<\/ul>\n Just Eat Takeaway<\/strong> extraordinary general meeting of shareholders to vote on the proposed acquisition of the company by Prosus<\/strong>. If approved, the deal is expected to complete before the end of the year<\/p>\n<\/li>\n The Post Office<\/strong> Horizon IT Inquiry publishes volume one of its final report.<\/p>\n<\/li>\n Australia: interest rate decision<\/p>\n<\/li>\n Japan: June bank lending figures<\/p>\n<\/li>\n Results: Begbies Traynor <\/strong>FY, Kinnevik <\/strong>HY, OMV <\/strong>Q2 trading update, Optima Health <\/strong>FY, SIG <\/strong>trading update, Unite Group <\/strong>trading update and Q2 fund valuations, Victrex <\/strong>Q3 trading update<\/p>\n<\/li>\n<\/ul>\n Reserve Bank of Australia<\/strong> deputy governor Andrew Hauser gives a speech on<\/p>\n \u201cWhat Has Australian Macroeconomic Thought Achieved in the Past Century \u2014 and Where Can it Contribute in the Next?\u201d at the Australian Conference of Economists in Sydney<\/p>\n<\/li>\n Philip Lane, executive board member of the European Central Bank<\/strong>, will deliver a speech on a broad perspective on the ECB\u2019s monetary policy agenda at the House of the Euro in Brussels, Belgium.<\/p>\n<\/li>\n OECD Employment Outlook report<\/p>\n<\/li>\n Germany: Q1 population data<\/p>\n<\/li>\n UK: July Financial Stability Report from the Bank of England.<\/p>\n<\/li>\n US: Federal Open Market Committee minutes from the June 17-18 meeting.<\/p>\n<\/li>\n Results: Galliford Try <\/strong>July trading update, Gym Group <\/strong>HY pre-close trading update, Hunting <\/strong>trading statement, Jet2 <\/strong>FY, Porsche<\/strong> HY pre-close call, Young & Co\u2019s Brewery <\/strong>AGM trading statement, Zigup <\/strong>FY<\/p>\n<\/li>\n<\/ul>\n Sarah Breeden, deputy governor, financial stability, at the Bank of England<\/strong> speaks at the Annual Chapman-Barrigan lecture series on \u201cWeathering the storm: stability in a changing climate\u201d<\/p>\n<\/li>\n JPMorgan Chase<\/strong> chief executive Jamie Dimon speaks and takes part in a Q&A at an event at Ireland\u2019s foreign ministry<\/p>\n<\/li>\n London\u2019s Court of Appeal to hear the latest round of Pfizer<\/strong> and Moderna<\/strong>\u2019s legal battle over their rival Covid-19 vaccines, after the High Court ruled in 2024 that Pfizer and its German partner BioNTech<\/strong> had infringed one of Moderna\u2019s patents and was liable to pay damages in relation to sales after March 2022<\/p>\n<\/li>\n Germany: June Consumer price index (CPI) and harmonised index of consumer prices (HICP) inflation rate data<\/p>\n<\/li>\n South Korea: interest rate decision<\/p>\n<\/li>\n UK: RICS residential housing market survey. Separately, the UK government publishes universal credit statistics on two-child policy for April, with additional data on benefit cap, disability benefits and demographics<\/p>\n<\/li>\n Results: ConAgra Brands <\/strong>Q4, DCC <\/strong>AGM trading statement, Delta Air Lines <\/strong>Q2, Dr Martens <\/strong>AGM trading update, Fast Retailing <\/strong>Q3, Gerresheimer<\/strong> Q2, Grafton <\/strong>trading update, Liontrust Asset Management <\/strong>Q1 trading update, PageGroup<\/strong> Q2 trading update, Seven & i Holdings <\/strong>Q1, Severn Trent <\/strong>Q1 trading update and AGM, Tata Consultancy Services <\/strong>Q1, Trifast <\/strong>FY and AGM, Vistry<\/strong> trading update<\/p>\n<\/li>\n<\/ul>\n Walgreens Boots Alliance<\/strong> holds a special meeting of shareholders to vote on the proposed acquisition of the company by Sycamore Partners<\/strong>. If approved, the deal is expected to close in the fourth quarter of 2025<\/p>\n<\/li>\n IEA Oil Market Report<\/p>\n<\/li>\n Canada: June labour force survey<\/p>\n<\/li>\n France: June CPI inflation rate data<\/p>\n<\/li>\n UK: June GDP estimate<\/p>\n<\/li>\n Results: DNB Bank <\/strong>Q2, Heathrow<\/strong> June traffic figures, Norwegian Air<\/strong> Q2, Ryohin Keikaku <\/strong>Q3<\/p>\n<\/li>\n<\/ul>\n Finally, here is a rundown of other events and milestones this week. <\/p>\n Brazil: conclusion of the Brics Leaders\u2019 Summit 2025 at the Museum of Modern Art in Rio, with China\u2019s Xi Jinping and Russia\u2019s Vladimir Putin notable by their absence from among the leadership of the 11 member states<\/p>\n<\/li>\n France: Paris Fashion Week Haute Couture Womenswear Fall\/Winter 2025\/2026 begins in the French capital<\/p>\n<\/li>\n Spain: the first bull run of the annual Festival of San Fermin starts at 8am, when the animals are released on a half-mile closed course to Pamplona\u2019s bullfighting stadium, the Plaza de Toros<\/p>\n<\/li>\n UK: 20th anniversary of the 7\/7 attacks in London, when four homegrown suicide bombers hit three Tube trains and a bus, killing 52 others and injuring hundreds more<\/p>\n<\/li>\n US: Israeli Prime Minister Benjamin Netanyahu meets for talks with President Donald Trump, mainly about the war in Gaza and finding a peace settlement<\/p>\n<\/li>\n<\/ul>\n Malaysia: Asean foreign ministers meeting and related meetings begins in Kuala Lumpur, continuing until Friday<\/p>\n<\/li>\n UK: King Charles III and Queen Camilla host French President Emmanuel Macron and his wife Brigitte Macron at Windsor Castle at the start of a three-day state visit. Macron is due to address parliament in Westminster before dining with the royal family<\/p>\n<\/li>\n UK: a two-day judicial review brought by Save Wimbledon Park is due to begin at London\u2019s High Court, challenging the All England Tennis Club\u2019s plans to build 38 extra courts and an 8,000 seater stadium on Wimbledon Park<\/p>\n<\/li>\n<\/ul>\n Taiwan: annual \u201cHan Kuang\u201d exercises, to simulate defending the island against Chinese attacks, begin, continuing until July 18<\/p>\n<\/li>\n UK: Infected Blood Inquiry due to publish an additional report on compensation, with inquiry chair Brian Langstaff giving a short statement. It follows two days of hearings in May about the timeliness and adequacy of the UK government\u2019s response to compensation<\/p>\n<\/li>\n US: Deadline set by President Donald Trump for the introduction of his numerous \u201creciprocal\u201d tariffs<\/a>, including 50 per cent on EU imports, which he threatened to impose before pausing their introduction in early April<\/p>\n<\/li>\n<\/ul>\n Belgium: Ursula von der Leyen is to face a European parliament no-confidence vote<\/a> in latest challenge to the European Commission president, the first time since 2014 that the head of the commission has faced such a move. However, the vote will mainly be symbolic as she is expected to survive<\/p>\n<\/li>\n Italy: Prime Minister Giorgia Meloni hosts a two-day Ukraine recovery conference in Rome<\/p>\n<\/li>\n UK: Prime Minister Sir Keir Starmer and French President Emmanuel Macron lead a UK-France Summit, expected to discuss migrants and small boats policy<\/p>\n<\/li>\n UK: the Royal Institute of British Architects announces the winners of this year\u2019s RIBA National Awards for architectural excellence<\/p>\n<\/li>\n<\/ul>\n Singapore: World Aquatics Championships begin, continuing until August 3<\/p>\n<\/li>\n UK: General Synod, the Church of England\u2019s legislative body, begins a five-day meeting on the University of York\u2019s campus, with an opening address by the Archbishop of York Stephen Cottrell<\/p>\n<\/li>\n<\/ul>\n Japan: Chinreisha Festival (Spirit-Pacifying Shrine) at the Yasukuni Shrine dedicated to all of those who died in wars or incidents since 1853 and who cannot be enshrined in the Main sanctuary, in other words enemies of Imperial Japan<\/p>\n<\/li>\n UK: 40th anniversary of Live Aid concerts<\/p>\n<\/li>\n US: first anniversary of the shooting of Donald Trump at a rally ahead of last year\u2019s presidential election<\/p>\n<\/li>\n<\/ul>\n Inside Politics<\/strong> \u2014 What you need to know in UK politics. Sign up here<\/a><\/p>\n White House Watch<\/strong> \u2014 What Trump\u2019s second term means for Washington, business and the world. Sign up here<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\nOne more thing\u2009.\u2009.\u2009.\u2009<\/h2>\n
Key economic and company reports<\/h2>\n
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