An important week before NATO and Defense -Deals

Hello and welcome to the working week.

It is the summer here at FT Towers, but for all of us in the next seven days it is the top time. The meeting of NATO member states in The Hague on Tuesday is by far the most important of these given European defense problems and the open hostility for the 76-year-old military alliance by US President Donald Trump. Spain also threatens to spoil the party. Optimists hope that this meeting will be a chance to rebuild the belief in the institution.

Secretary-General Mark Rutte has improved the opportunities for a successful meeting by an Adroit Diplomatic MANOEURE in recent weeks. As a result, it is expected that the 32 Member States agrees to increase their target expenditure objective from 2 percent from GDP to 3.5 percent, plus an additional 1.5 percent on infrastructure. The difficulty for European signatories will then be how these expenditures increase to their domestic voters.

After NATO, most of the same European leaders (excluding UK) will go to the EU top in Brussels, mainly to think about the defense interviews. If NATO meeting is a disaster, these countries may have to prepare new strategies.

If we stick to Brussels, we have the EU-Canada Trade Summit. It is an interesting development given the shaking of Trump of global trading alliances, but not enormously consistent. Again, the conversation will run around weapons, because the two parties are expected to sign an agreement to participate in the “Rear-Arm Europe” Defense purchasing scheme.

Wars that are currently raging will continue to grab the headlines, but cannot be shared. However, FT subscribers can become a member of a webinar with FT journalists and guests who answer your questions, the Israel-Iran War: How far goes?

There is also a considerable military anniversary this week before the start of a conflict that has not yet been formally completed, 80 years after the event: the Korean war.

The central bankers are in force on the speaking circuit in the next seven days. It is again a thin week for economic data reports, the most striking is the Rich Nation comparisons in the index index of the purchasing managers. More details below.

The end of the profit season has a few big names that report figures, such as sports brand Colossus Nike and multinational clothing store H&M. Again, the most important news probably loves the legal archives. For example, Tesla Will try to send a vehicle from the company’s factory in Austin, Texas to a customer’s house, according to a function of the CEO of the company Elon Musk on X on 10 June. The milestone coincides with the 54th birthday of Musk.

One more thing. . .

It’s not just the top time. The festival season has arrived with the grandfather of all, Glastonbury, who will start this week. It has been a good year for Glasto Commercial. But it is clear that not everyone is a fan of music festival – just ask the inhabitants of London.

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

• Austan Goolsbee, president of the Federal Reserve Bank of ChicagoTo speak on the Milwaukee Business Journal of 2025 Mid Year Outlook Conference of Milwaukee

• European Central Bank President Christine Lagarde issues an introductory statement for the Economic and Monetary Affairs Committee (ECON) of the European Parliament in Brussels

• Antonio is philosa Stellantis CEO

• Eurozone, France, Germany, India, Japan, VK, US: S&P Global/HCOB/HSBC Flash Purchasing Managers’ Index (PMI) Data

• Singapore: May Consumer Price Index (CPI) Inflation rates data

• Results: KB at home Q2, Metcas Fy, Nupers Fy, Prosus Fy

Tuesday

• Megan Greene, member of the Bank of England Monetary Policy Committee, to talk to Nies about “monetary policy implications of differences in balance management of the Central Bank”

• Dave Ramsden, Deputy Governor, Markets and Banking, on the Bank of EnglandWill be a speaker and panel member at the Barclays Cepr Monetary Policy Forum.

• Canada: May CPI inflation -data data

• Germany: June IFO Business Climate Index

• US: may employment and unemployment figures, plus June conference board Consumer Confidence Index

• Results: Blackmaster Q1, Bunzl Pre-Close trade statement, Carnival Q2, Fedex Q4, Sthree Hy trade update, TD Synnex Q2

Wednesday

• Associated British Foods It is expected that an announcement will be made about the future of his Vivergo Fuels Bioethanol factory in Hull, the largest in the country. The company said that the factory could close without government support after the recent UK-US Handelsdeal had allowed the American ethanol on the British market.

• Speech through Bank of Japan Policy board member Naoki Tamura during a meeting with local leaders in Fukushima

• Australia: May CPI -Inflation -Data data

• France: June Insee Consumer Confidence Survey

• Japan: Summary of the opinions of the last meeting of determining. Also data from the Service Producer Price Index (PPI) Inflation rates data

• Results: Babcock Fy, General mills Q4, Hemisphere Fy, HB Fuller Q2, LionTrust Asset Management Fy, Micron technology Q3, Miller Q4/FY, Paychex Q4, Exert Fy, Steel case Q1, Winnebago Industries Q3, WORTHINGON ENTERPRISES Q4

Thursday

• Bank of England Governor Andrew Bailey gives a keynote speech at the annual conference of the British Chambers of Commerce, entitled “Where is the growth?”

• EU: Meeting of the European Central Bank General Council Online.

• VK: Homes England Housing and Boe Capital Exposuance Statistics.

• US: Q1 GDP estimate (third time)

• Results: Sharpness Q3, Inchcape Interim trade update, James Latham Fy, H&M Hy, McCormick & Co Q2, Moonpig Fy, Nike Q4, Serco Pre-Close trade statement, Volex Fy, Walgreens Boots Alliance Q3

Friday

• Switzerland: Bank for International Settlements Annual Conference, including a session chaired by Federal Reserve Bank of New York President John Williams.

• US: may data of personal income and expenditure

• Results: Apogee Enterprises Q1

World events

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

Monday

• EU Ministers of Foreign Affairs will discuss Russian aggression against Ukraine, after an informal exchange of views with Ukrainian Foreign Minister Andrii Sybiha. The economic sanctions of the block against Russia in response to the illegal annexation of Crimea and Sevastopol must expire today, unless extended

• Belgium: EU-Canada Summit in Brussels

• Italy: 47th Antarctic Convention Consultation Meeting starts in Milan – also the 27th meeting of the Environmental Protection Committee – runs until July 3

• Japan: Okinawa Memorial Day. 80th anniversary of the end of the Battle of Okinawa, the only land struggle in Japan

• Norway: King Harald V and Sonja welcome Emmanuel and Brigitte Macron at the start of a two -day state visit by the French President and First Lady

• VK: Net Zero Delivery Summit, organized by the City of London Corporation, part of London Climate Action Week. Speakers include Lord Mayor of the City of London Alastair King

Tuesday

• China: 14th NPC Permanent Committee (NPCSC), the senior legislative authority of China, comes for the 16th session, which runs until Friday

• Italy: Amazon founder Jeff Bezos and media personality Lauren Sanchez are starting a three-day wedding party to make the knot in Venice, one of the most controversial weddings of the year

• The Netherlands: The Hague houses NATO top from 2025, with heads of state and government, ministers of foreign and defense. It will be the first time that this meeting has taken place in the Netherlands

• VK: Governor of Bank of England provides evidence in Westminster to the Lords Economic Affairs Committee

Wednesday

• Indonesia: FT Live’s two -day Energy Transition Summit Asia starts in the Langham Hilton in Jakarta and online. Register here

• Korea: 75th birthday of North Korea who penetrates South Korea, conquers Seoul within a few days and pushes American and South Korean troops, operating under a banner of the United Nations, to the southeastern tip of the peninsula. The Vechtback ended in a stalemate along the 38th parallel, with a truce but no peace treaty

• VK: Glastonbury Festival, the largest Greenfield Music and Performing Arts Festival in the world, starts in the house in the Vale of Avalon in Somerset. The most important music program starts on Friday. Sir Rod Stewart performs in the Legends slot on Sunday

Thursday

• 80th anniversary of the first 50 countries to sign the United Nations charter, the UN founding document

• EU: Two -day European summit starts in Brussels

Friday

• Poland: European Council for Foreign Relations begins its two -day annual council meeting in Warsaw, where policy makers and thinkers will meet to discuss the urgent global challenges

• US: Federal Reserve publishes the results of its annual bank stress test

Saturday

• Australia: 2025 British & Irish Lions International Rugby Union Tour of Australia opens with Western Force vs British & Irish Lions in Perth

• VK: Armed Forces Day, which shows support for service families, cadets, veterans, recruits and service staff. Events are taking place throughout the country

• US: Tesla It is expected that a self-drive test from the Austin factory of the company

Sunday