This week's agenda: A flurry of macroeconomic data, a focus on Powell's remarks, and geopolitics.
MILAN – Next week will be another busy week of macroeconomic data that markets will be paying close attention to, along with geopolitical developments that continue to worry investors. Focus will be on the PMI indices, expected to rise slightly in the Eurozone, while in the US, in addition to the services and manufacturing PMIs, attention will be focused on the PCE, the Fed's benchmark index for inflation, GDP, and the comments of Federal Reserve Chairman Jerome Powell .
Monday 22ndNo macroeconomic data but several speeches by central bankers , both from the Fed and the ECB, including Joachim Nagel, Philip Lane and Stephen Miran, the member of the Fed board recently appointed by Donald Trump.
- ROME - Spazio Europa, Via IV Novembre 149, Representation of the European Commission in Italy, 9:00 am Presentation of the Wnisr 2025 Report on the state of the global nuclear industry
- ROME - Antonio Maglio Auditorium, Inail Headquarters, Piazzale Giulio Pastore 6, 9:30 a.m. Inail and Artes 4.0, an event on innovative technologies and projects that reduce workplace risks, "Innovation that protects. Technologies and projects for a new culture of safety," with Loy, President of Inail Civil Service; Frisoli, President of Artes 4.0; Gambacciani, Central Director for Inail Research; Dario, Scientific Director of Artes 4.0; and Paradisi, President of Fermo ASITE.
- ROME - Istat, 10:00 a.m., National Economic Accounts (2024)
- MILAN - Teatro Menotti 11 10:00 am General Assembly of Short-Term Rentals 2025, first edition with the Minister of Tourism Santanchè and the president of Aigab and CEO Italianway Celani
- BOLOGNA - Congress Center, Piazza della Costituzione 4, Europauditorium Palazzo 11:00 a.m. Cersaie, inaugural conference "Continue to invest in Italian ceramic manufacturing" of the 42nd International Exhibition of Ceramic Tile and Bathroom Furnishings, with Confindustria President Orsini
- ROME - Chamber of Deputies, Sala della Regina, web TV at 11:00 am State Property Agency, Annual Report 2025, with the Director of the State Property Agency dal Verme and the Deputy Minister of Economy Leo
- FIUMICINO - Ita Airways Headquarters, Via Alberto Nassetti 2, 11:30 a.m. Signing ceremony for Ita Airways' membership in ALIS, marking the start of the strategic partnership between the two companies, with Grimaldi, President of ALIS, and Pappalardo, President of Ita Airways.
- ROME - Senate 12:00 PM Deadline for submitting amendments to the scrapping bill
- ROME - Pirelli Hall, ICE Agency, via Liszt, 21, 3:00 PM Presentation of "IP Education Plan - IP Protection and Internationalization," a training course organized by ICE Agency for the promotion abroad and internationalization of Italian companies, in collaboration with the Ministry of Foreign Affairs, the Ministry of Enterprise, the Ministry of Agriculture, the Guardia di Finanza, Confindustria, and Amazon.
- FRANKFURT - ECB, 3:45 p.m., speeches by Lane and Nagel
- ROME - Sala Igea, Piazza Enciclopedia Italiana, 4 5:30 pm, Accountants' Fund, CDC D'Autore series of meetings, presentation of Carlo Cottarelli's book "Senza giri di parole", with the author
- PARIS - OECD launches report on the opportunity gap
Markets will remain closed in Japan. In the Eurozone and the US, PMI indices for both services and manufacturing will see a downturn, while there is great anticipation this evening for Jerome Powell's remarks on the economic outlook, preceded this afternoon by that of Fed voting member Michelle Bowman.
- ROME - Basilica of St. John Lateran at 9:00 a.m. GdF Mass for the Celebration of St. Matthew, with the Minister of Economy, Giancarlo Giorgetti
- PARIS - France, 9:15 a.m., September PMI manufacturing and services indices
- MILAN - Cariplo Congress Center 9:15 a.m. Country Risk Conference by Coface, Cottarelli, Angeloni, Romano, Perrazzelli, De Martinis, and Vargiu
- BERLIN - Germany, 9:30 a.m., September PMI manufacturing and services indices
- ROME - Villa Wolkonsky 9:30 a.m. Urania, first edition of the Urania policy & business forum, with the UK Ambassador to Italy Llewellyn, the Vice President of the Chamber Mulè; the Vice President of the Senate Centinaio; ministers Giuli and Zangrillo; the Vice President of the EU Commission Fitto; the Deputy Minister Valentini; Calenda, Lupi, Boschi and the Undersecretaries Barachini, di Cremnago, Bitonci and Rauti
- BRUSSELS - Euro Area, 10:00 a.m., September PMI manufacturing and services index
- MILAN - Palazzo Serbelloni 3:30 pm Event 'Tax Control Framework and cooperative compliance: measures to strengthen Italy's attractiveness' with Deputy Minister of Economy Leo, Director of Ade Carbone and CEO of EY Boschetti
- WASHINGTON - USA, 3:45 PM, September Manufacturing PMI and Services PMI, forecast
- WASHINGTON - Fed, 6:30 p.m., Governor Powell's remarks on the economic outlook
- PESARO - Hotel Charlie, Viale Trieste 281. Public meeting with Economy Minister Giorgetti.
The Ifo expectations index will come from Germany, while data on new home sales are expected to recover from the US, in addition to the IEA data on crude oil stocks .
- ROME - Ministry of Labor 9:30 am Ex Ilva, discussion on redundancy payments
- ROME - Senate, Parliamentary Acts Room, 9:45 a.m. Conforma, 'Business, Competitiveness and the Future: The Role of Certification Bodies between Regulation and Deregulation', with Bergesio, Testa, the Scientific Director of ASVIS Giovannini, and the Deputy Director General of ABI Torriero
- ROME - Link University, Via del Casale di San Pio V, 44, 10:00 a.m. Lecture on "Ethics and Economics," by ABI President Patuelli
- ROME - Istat, 10:00 a.m., municipal spending on social services (2022)
- ROME - Foro Italico Park 11:00 a.m. Sport and Health, presentation event of the partnership with Bancomat
- ROME - Chamber of Deputies, press room at 11:30 a.m. Federbeton, presentation of the new decarbonization strategy, with the president of the Green Building Council Italy Capaccioli; the Director General for Industrial Policy, Reconversion and Industrial Crisis, Innovation, SMEs and Made in Italy of the Ministry of Mimit Casalino and the Director General for Markets
- ROME - Via Goito 4, 2:30 p.m., CDP Foundation, in collaboration with Intesa Sanpaolo, Social Innovation Award, awards ceremony for the first edition, with Gorno Tempini, CDP President, and Scannapieco, CDP CEO
The meeting opens with German consumer confidence , followed by the Swiss central bank meeting and the ECB economic bulletin . The US is expected to release its final second-quarter GDP reading , which is expected to confirm 3.3% growth, as well as the August trade balance, durable goods orders, unemployment claims, existing home sales, and building permits. Several Fed members will speak, including voters Bownam, John Williams, and Michael Barr.
- FRANKFURT - ECB, 10:00 a.m., Economic Bulletin
- ROME - Istat, 10:00 a.m., Research and Development in Italy (2023-2025)
- ROME - ASviS, in collaboration with the Permanent Mission of Italy to the United Nations, will broadcast a live webcast at 2:00 PM. "ASviS Live. 10 Years of the 2030 Agenda: Progress, Obstacles, and Future Prospects," including a presentation of the Future Paper "Anticipatory Governance for Italy. Designing the Future, Also in the Interest of Future Generations," with Cirielli Giovannini and Stefanini.
- VENICE - Corderie dell'Arsenale 3:00 PM Fundamental Supply Chain, 'Natural Artificial', conference as part of the GENS Public Programme Workshops ROME - Senate, Chamber 3:00 PM Question time with Economy Minister Giorgetti
- VENICE - Scuola della Misericordia 5:00 PM Il Gazettino, conference on local issues with the Minister of Sport Abodi, the Governor of Veneto Zaia, the President of the Gazzettino Caltagirone, the CEO of the Rana group, the Mayor of Venice Brugnaro and the Minister of Economy Giurgetti in remote connection
- ROME - Palazzo Chigi 4:30 PM PNRR Steering Committee Meeting
- ROME - Online at 6:00 PM, Economy Minister Giorgetti will participate via video link in "Roots and Future: A New Generation of Business Between Memory and Vision."
- PESCARA - Aurum, Largo Gardone Riviera Fifth edition of the Abruzzo Economy Summit, an economic event conceived by the Mirus communications agency and promoted by the Abruzzo Region, with Foreign Minister Tajani and Labor Minister Calderone
Japanese inflation, the ECB's inflation expectations , and Italian confidence indicators are on the agenda. However, all attention will be focused on the PCE , the Fed's preferred inflation gauge, expected to rise slightly from 2.6% to 2.7%. The University of Michigan's confidence index and a new speech by Bowman will close the day.
- FRANKFURT - ECB, 10:00 a.m., publishes inflation expectations for one to three years ahead.
- ROME - Istat, 10:00 a.m., consumer and business confidence for September 2025
- TURIN - Palazzo della Luce, via AG Bertola, 40, 2:30 p.m. CSE Meeting "The technological, functional and regulatory evolution of the banking system," with Antonio Patuelli, president of ABI
- WASHINGTON - United States, 2:30 p.m., August PCE annualized index and August PCE core annualized index
- PESCARA - Aurum, Largo Gardone Riviera
- The fifth edition of the Abruzzo Economy Summit, the economic event conceived by the Mirus communications agency and promoted by the Abruzzo Region, with Foreign Minister Tajani and Labor Minister Calderone, is underway.
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