Financial Week: All eyes on central banks as tariff truce ends

ROME – It looks set to be a week full of ideas both domestically and internationally. The Minister of Labor Marina Calderone has announced that she will bring to the Council of Ministers next Monday a provision to be included in the first useful regulatory vehicle, which will recognize an extraordinary contribution to families for whom the first 18-month period of use of the Inclusion Allowance will end in 2025. The measure should therefore avoid the one-month suspension for the beneficiaries of the 'Inclusion Allowance who, having received financial support from the January 2024 monthly payment, received the last payment yesterday.

On the international front, attention will continue to be focused on developments in the conflict between Israel and Iran, while on the trade front the July 9 deadline is approaching, the date on which the truce in the trade war waged by the United States against the European Union expires, but the White House has opened up to a postponement of the deadline for negotiations.

All eyes are also on central banks: the usual Forum organized by the ECB will kick off on Monday in Sintra, Portugal, and there is anticipation for the speech by ECB President Christine Lagarde but above all by the number one of the Fed, Jerome Powell, protagonist of a heated tug of war with US President Donald Trump.

Monday

- Istat, AP Quarterly Account, Household Income and Savings and Company Profits for the 1st Quarter

- Florence: Eukedos ordinary meeting, for approval of 2024 budget.

- ECB, forum begins with central bank governors

Tuesday

- Rome: "Energy General States", promoted by Forza Italia. Participants include Tajani, Minister of Foreign Affairs; Pichetto Fratin, Minister of the Environment; Descalzi, from Eni; Cattaneo, from Enel; Regina, delegate of the President of Confindustria for Energy. At the Chamber of Deputies.

- The ECB forum on central banks continues. At 9:40, ECB Vice President De Guindos chairs a session on "macroeconomic implications of changes in euro area labour markets". At 12:40, ECB Governing Council Member Schnabel chairs a session on "cross-country heterogeneity in the euro area and implications for monetary policy". At 15:30, a round table on monetary policy with the participation of Bailey, Governor of the Bank of England; Lagarde, President of the European Central Bank; Powell, President of the Federal Reserve; Yong Rhee, Governor of the Bank of Korea; Ueda, Governor of the Bank of Japan. The meeting ends tomorrow.

- Rome: event "generation game changer. Strategies, perspectives and policy ideas for generation z",

Wednesday

– Milan: Assogestioni press conference for the presentation of the observatory on mutual fund subscribers, organized by the association's research office.

- Auditorium Parco della Musica. Annual Ania meeting, with the Minister of Economy Giorgetti

- Sintra: ECB Central Banking Forum Concludes

- Rome: event "investments, innovation, credit. Advanced digital technologies, the new growth accelerators of companies" organized by Intesa Sanpaolo and Confindustria. With Emanuele Orsini, president of Confindustria; Stefano Barrese, head of the Banca dei Territori division of Intesa Sanpaolo.

Thursday

- Rome: event "corporate governance in Italy. Analysis of the tools for strengthening voting rights", organized by Consob , the Italian Committee for Corporate Governance and Assonime.

- Milan: award ceremony workshop for the "culture + enterprise 2024-2025 " prize, promoted by fFderculture.

- Rome: Inail President Fabrizio D'ascenzo presents the Institute's 2024 Annual Report. Participants include Sergio Mattarella; Marina Calderone, Minister of Labor and Social Policies.

Friday

- Naples: presentation of the 12th "Italian maritime economy" report, by srm and Intesa Sanpaolo.

- Manduria (ta): the summer meeting of the fifth edition of the "Forum in masseria" opens, an economic and political review organized by Bruno Vespa with Comin & partners. 3:15 pm. Participants include, among others, adolfo urso, minister of business and made in italy; Marina Calderone, minister of labor; Gilberto Pichetto Fratin, minister of the environment and energy security.