Donald Trump’s TariefdeAdline looms

Hello and welcome to the working week.

The word is that the White House officials try to conclude narrower bilateral trade agreements to prevent the heaviest rates threatened by Trump.

What we do know is that time has risen in a USE-EU-Handel agreement that is concluded. The two parties strive for a less detailed “agreement in principle”, according to President Ursula von der Leyen of the European Commission. And it is a similar story elsewhere. The president of South Korea, Lee Jae-Myung, has apparently noticed that “the two parties are not really clear about what they want”.

Do you want good news? You can stay informed of the latest turns and turns with a click of the mouse, on the FT Trump rate tracker.

In Europe, Italian Prime Minister Giorgia Meloni will organize a two -day Ukrainian recovery conference in Rome, more than three years after the full scale of Russia began. The effort will probably have the blessing of a new local resident: Pope Leo XIV.

Crossing the EU border to the UK will be French President Emmanuel Macron, who arrives in London for a state visit, intended for involved conversations about migrant transitions about the English channel and Anglo-French trade relationships.

Also in London we reach a milestone moment in the post office Horizon IT scandal on Tuesday, while the investigation is investigating what the biggest judicial miscarriage became in British legal history, publishes one of his final reports. This document will focus on the human impact of the scandal and compensation, which some people still wait to be paid. The publication of the report will be followed by comments from research chairman Sir Wyn Williams, live streamed about the research Youtube -channel.

Summer in the northern hemisphere, not to mention the slow return to the US after the holiday of July 4, means a fairly thin series of business and economic announcements this week.

The American Federal Reserve publishes the minutes from the last rate meeting on Wednesday, without a doubt an attack of social media posts by Trump on the future of FED chairman Jay Powell.

The most important British data point This week will be the monthly GDP update on Friday, which will view British Chancellor Rachel Reeves so nervous when we all deal with the weather report.

The central bankers will be busy on the speaker circuit in the coming days. JPMorgan Chase CEO Jamie Dimon will also give a speech on Thursday at the Irish Ministry of Foreign Affairs in Dublin.

Traveling will be a theme of market reports with Delta Air Lines” Heathrow” Norwegian air And Jet2 Unveiling the latest figures and give an indication of how many of us are getting away and the health of the sector this year.

One more thing. . .

Speaking of that, I am on my way for a family break to Cairo, a special journey to mark the end of important exams for two of my three children, as well as a treat for the other, an archeology student.

I am particularly looking forward to visiting the Gargantuan New Grand Egyptian Museum, despite the display of the complete Tutankhamun collection discovered by Howard Carter who postponed his opening because of the conflict in the middle -east. You can read the FT’s review of this miracle of the modern world here.

Most important economic and business reports

Here is a more complete list of what to expect in terms of company reports and economic data this week.

Monday

• Bakkepak General meeting of shareholders to vote on the proposed acquisition of the company by Greencore. If approved, the deal is expected to be completed at the beginning of 2026

• Deutsche Bundesbank President Joachim Nagel speaks of “the German economy: navigating through cyclical fluctuations and stimulating long-term growth” during the Ragnar Nurkish lecture in Tallinn, Estonia

• EU: May trade figures in the retail trade

• Germany: May Production -Index

• Japan: Consumption activity index

• UK: Halifax July House Price Index

• US: Conference Board Employment Index

• Results: Ferrexpo Q2 Production report, Galp Energia Q2 Trade update, Shell Q2 quarterly update

Tuesday

• Just eat take -away meals extraordinary general meeting of shareholders to vote on the proposed acquisition of the company by Prosus. If approved, the deal is expected to be completed before the end of the year

• The Post office Horizon IT application publishes Part One of the final report.

• Australia: interest decision

• Japan: June Bank Lending Figures

• Results: Begbies Traynor Fy, Kinnevik Hy, OMV Q2 Trade update, Optima Health Fy, Zig trade update, Unite the group Trade update and Q2 Fund Valuations, Victrex Q3 Trade update

Wednesday

• Reserve Bank of Australia Vice -Governor Andrew Hauser gives a speech

  “What has the Australian macro -economic thought achieved in the past century – and where can it contribute in the following century?” At the Australian conference of economists in Sydney

• Philip Lane, board member of the European Central Bankwill give a speech on a broad perspective on the monetary policy agenda of the ECB in the Huis van de Euro in Brussels, Belgium.

• OECD report of the employment provision

• Germany: Q1 population data

• VK: July Financial Stability Report from the Bank of England.

• US: Federal Open Market Committee minutes of the meeting of June 17-18.

• Results: Galliford Trying Trade update in July, Gym Hy pre-close trading update, Hunt commercial statement, Jet2 Fy, Porsche Hy pre-Close call, Brewery from Young & Co AGM Trading Statement, Zigup Fy

Thursday

• Sarah Rassen, deputy governor, financial stability, on the Bank of England Speaks on the annual Chapman-Barrigan Lecture Series about “Weathering the Storm: Stability in A Changing Climate”

• JPMorgan Chase Chief Executive Jamie Dimon speaks and participates in a Q&A at an event at the Ministry of Foreign Affairs of Ireland

• The London Court of Appeal to hear the final round of Pfizer And ModernicaThe legal battle for their rival COVID-19-vaccines, after the High Court in 2024 ruled that Pfizer and his German partner Biontech had infringed one of the patents of Moderna and was compensation with regard to the sale after March 2022

• Germany: June Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) Inflation -Rentege data

• South Korea: Interest Decision

• VK: RICS Residential Housing Market Survey. Separately, the British government publishes universal credit statistics on two children policy for April, with additional data on benefits, disability benefits and demography

• Results: Conagra -brands Q4, DCC AGM Trading Statement, Delta Air Lines Q2, Dr. Martens AGM Trading update, Rapid retail Q3, Gerresheimer Q2, Grafton trade update, LionTrust Asset Management Q1 Trade update, Page call Q2 Trade update, Seven & I Holdings Q1, Severn Trent Q1 Trade update and AGM, Tata Consultancy Services Q1, Trifst Fy and AGM, Fish commercial update

Friday

• Walgreens Boots Alliance holds a special meeting of shareholders to vote on the proposed acquisition of the company by Sycamore Partners. If approved, the deal is expected to be closed in the fourth quarter of 2025

• IA Oil Market Report

• Canada: June Labor Force Survey

• France: Data from the CPI in June CPI

• UK: Estimation of the GDP of June

• Results: DNB -Bank Q2, Heathrow June Traffic figures, Norwegian air Q2, Ryohin Keikaku Q3

World events

Finally, here is an overview of other events and milestones this week.

Monday

• Brazil: Conclusion of the Summit 2025 of the BRICS leaders in the Museum of Modern Art in Rio, with the Chinese Xi Jinping and the Russian Vladimir Putin remarkable due to their absence of the leadership of the 11 Member States

• France: Paris Fashion Week Haute Couture Women’s Clothing Autumn/Winter 2025/2026 starts in the French capital

• Spain: The first bull run of the annual festival of San Fermin starts at 8 o’clock, when the animals are released at half a mile course to Pamplona’s bullfighting stadium, the Plaza de Toros

• UK: 20th anniversary of the 7/7 attacks in London, when four suicide bombs of their own bomb three buzzards and a bus were killed, 52 others killed and injured hundreds more more

• US: Israeli Prime Minister Benjamin Netanyahu comes together for conversations with President Donald Trump, mainly about the war in Gaza and finding a peace scheme

Tuesday

• Malaysia: Asean meeting of the Ministers of Foreign Affairs and related meetings start in Kuala Lumpur, who will continue until Friday

• VK: King Charles III and Queen Camilla host the French President Emmanuel Macron and his wife Brigitte Macron in Windsor Castle at the start of a three -day state visit. Macron has to address the parliament in Westminster before he dines with the royal family

• VK: A two -day judicial assessment of Save Wimbledon Park will start at the Supreme Court of London, who challenges the plans of the All England Tennis Club to build 38 extra courts and a stage with 8,000 seats at Wimbledon Park

Wednesday

• Taiwan: annual “Han Kuang” exercises, to simulate the island against Chinese attacks, start, continue until July 18

• VK: Infected blood tests as a result of publishing an additional report on compensation, whereby application chair Brian Langstaff makes a short statement. It follows two days of hearings in May about the timeliness and adequacy of the response of the British government to compensation

• US: Deadline established by President Donald Trump for the introduction of his countless “mutual” rates, including 50 percent on the import of the EU, which he threatened to impose before they pauted at the beginning of April April April April

Thursday

• Belgium: Ursula von der Leyen is confronted with a European Parliament Vote without trust In the last challenge for the chairman of the European Commission, the first time since 2014 that the head of the committee has had to deal with such a step. However, the mood will be mainly symbolic, because it is expected to survive

• Italy: Prime Minister Giorgia Meloni organizes a two -day Ukrainian recovery conference in Rome

• VK: Prime Minister Sir Keir Starmer and French President Emmanuel Macron Leiden a UK-France summit, expected to discuss migrants and small boat policy

• VK: The Royal Institute of British Architects announces the winners of this year’s Riba National Awards for architectural excellence

Friday

• Singapore: World Aquatics Championships start, continue until 3 August

• VK: General Synod, the legislative body of the church of England, starts a five -day meeting on the campus of the University of York, with an opening address of the Archbishop of York Stephen Cottrell

Saturday

Sunday

• Japan: Chinreisha Festival (Spirit-Pacifying Shrine) on Yasukuni Salentness dedicated to anyone who died in wars or incidents since 1853 and who cannot be recorded in the most important sanctuary, in other words enemies of Imperial Japan

• UK: 40th anniversary of Live -Help Concerts

• US: first birthday of the shooting on Donald Trump during a meeting prior to last year’s presidential elections