The Global Week Ahead
June 23 - 30, 2024
This week, the world and the markets will be captivated by the unfolding drama of US politics. President Biden and former President Trump are scheduled to engage in a high-stakes debate on Thursday night. The outcome of this debate, a pivotal moment in the political landscape, could reshape voters' perceptions of both candidates and sway the polls. Notably, this will be their last debate until September 10, adding to the anticipation and importance of this event.
Also this week, the US Supreme Court is expected to hand down a decision on the politically explosive issue of whether former President Trump can assert immunity for his pending federal case in which he was charged with conspiring to subvert the 2020 elections. If the Court rules in Trump's favor, then his January 6 federal case – which has been held up pending the Court's decision – will either proceed or be thrown out.
On the global stage, Iran is holding its presidential elections on Friday. With six candidates in the running, most observers are predicting a low voter turnout and the likely election of a hardliner aligned with Supreme Leader Ali Khamenei's policies. However, there is a potential game-changer - Masoud Pezeshkian, a reformist lawmaker. If somehow he gets elected, it could open a new avenue for improving relations with the US and other Western powers.
France begins its snap parliamentary elections this week. French President Emmanuel Macron called the elections upon seeing the results of the recent EU parliamentary elections. Since then, a coalition of right-wing candidates led by the National Rally's Marine Le Pen has surged to a lead and likely majority of the French Parliament.
Finally, the EU will hold a Conference on Ukraine's accession to become a member, a major step on the trek to joining the EU. Ukraine will be presented with a general Negotiating Framework, establishing the guidelines and principles for the accession negotiations.
Looking at the global economic radar screen this week, markets will look at inflation indicators published in the US, Japan, Germany, France, Italy, and Spain. The US PCE comes out on Friday. Also, the Conference Board's consumer confidence gauge in the US comes out on Tuesday.
Turning to Asia, the Bank of Japan releases its summary of opinions from its June meeting. Markets will also consider the June Tokyo CPI, which comes out on Friday.
Below are the rest of the major geopolitical and geoeconomic events and reports we are monitoring this coming week.
Sunday, June 23, 2024
Global
· The Financial Action Task Force (FATF) will hold plenary and working group meetings in Singapore.
Americas
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· Nothing significant to report.
Asia
Political/Social Events –
· Polish President Andrzej Duda begins a five-day state visit to China.
Economic Reports/Events –
· Thailand New Car Sales (May)
Europe
Political/Social Events –
· German Chancellor Olaf Scholz will receive Argentina's President Javier Milei in Berlin. The two leaders are expected to trade issues.
· Estonia celebrates Victory Day, commemorating the post-World War I fight against Soviet-Russian troops and the Baltic-German Landeswehr Army.
Economic Reports/Events –
· European Central Bank Board Member Isabel Schnabel gives a speech on the occasion of the conferral of the Weltwirtschaftlicher Preis 2024 to her by the Kiel Institut für Weltwirtschaft in Kiel, Germany.
Middle East
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· Nothing significant to report.
Africa
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· Nothing significant to report.
Monday, June 24, 2024
Global
· The UN Security Council is scheduled to hold a briefing, followed by consultations, on Somalia. In the afternoon, the Security Council is scheduled to hold a vote linked to the. International Residual Mechanism for Criminal Tribunals (IRMCT) and a briefing on Non-proliferation.
Americas
Political/Social Events –
· The US Senate is out of session until July 8. The House of Representatives is in session this week.
· The US Supreme Court will be releasing this week five major rulings, including their decision if former President Trump can assert immunity for his pending federal case where he charged with conspiring to subvert the 2020 elections. A second case will decide whether the US Justice Department properly charged more than 300 defendants for the January 6 uprising at the US Capitol. A third case will decide whether the Biden Administration improperly coerce social media companies to remove false or misleading content in violation of the Constitution. A fourth case will decide whether courts should defer to federal regulatory agencies interpretations of ambiguous laws. And the fifth case will decide whether governments can tell social media platforms how to moderate content without running afoul of the First Amendment.
· In New York, Genaro García Luna, former Mexican secretary of public safety, to be sentenced in a New York courtroom after his conviction of continuing criminal enterprise, conspiracy to distribute narcotics, conspiracy to import narcotics, and making false statements.
· Peace talks between the Colombian government and the FARC dissident guerrilla group Segunda Marquetalia will begin in Caracas, Venezuela.
Economic Reports/Events –
· The International Monetary Fund gives their formal annual “check-up” of the US economy.
· Federal Reserve Board Governor Christopher J. Waller gives opening remarks at the International Journal of Central Banking Annual Research Conference 2024, Rome, Italy.
· San Francisco Federal Reserve Bank President Mary Daly to speak on monetary policy and the economy before an event in partnership with the Commonwealth Club World Affairs of California and the San Francisco Press Club.
· Bank of Canada Governor Tiff Macklem speaks before the Winnipeg Chamber of Commerce.
· Brazil FGV Consumer Confidence (June)/ Current Account (May)/ Foreign Direct Investment (May)/ BCB Focus Market Readout
· Mexico Mid-month Inflation Rate (June)
· Chile PPI (May)
· USA Dallas Fed Manufacturing Index (June)
· Paraguay PPI (May)
· Argentina Unemployment Rate Q1/ GDP Growth Rate Q1/ Leading Indicator (May)
Asia
Political/Social Events –
· A new session of parliament begins in India after the ruling Bharatiya Janata Party (BJP) won a third term in power following June elections, although without the sole majority it held for a decade.
· In Hong Kong, the Court of Final Appeal holds a hearing for Jimmy Lai, the British citizen and former newspaper owner who was arrested in 2020 for his pro-democracy activities and criticism of the Chinese Communist party.
Economic Reports/Events –
· In Hong Kong, Chinese property developers Kaisa Group Holdings and Shimao face court proceedings over wind-up petitions, amid the country's relentless real estate crisis. Kaisa's hearing is scheduled for today, while Shimao's is set for Wednesday.
· New Zealand Imports/Exports/Balance of Trade (May)
· Japan BoJ Summary of Opinions
· Malaysia Inflation Rate (May)
· Singapore Inflation Rate (May)
· Taiwan Industrial Production (May)/ Retail Sales (May)/ Unemployment Rate (May)/ M2 Money Supply (May)
Europe
Political/Social Events –
· The EU Financial Affairs Council meets in Luxembourg. The ministers are expected to talk about the situation in Ukraine, the War in Gaza, the situation in the Western Balkans, Georgia, and the Great Lakes Region.
· The EU Agriculture and Fisheries Council meets in Luxembourg. They are scheduled to talk about Russia’s actions in the Baltic Sea, future fisheries relations with Norway, and sustainable fishing in the EU.
· NATO Secretary General Jens Stoltenberg travels to France for meetings with French President Emmanuel Macron.
· The European Space Forum takes place in Brussels and runs through June 25. The Forum seeks to encourage “discussions currently taking place around the future of the EU Space Law and other important policy initiatives, this is a crucial period for the future shape of the space sector in Europe. The conference will provide a platform for multi-stakeholder discussions around the path towards the EU Single Market for Space; as well as focusing more broadly on strategic pillars of sustainability, resilience, competitiveness, economic security and on ensuring long-term autonomous access to space.”
· President Alexander Lukashenko hosts Russian Foreign Minister Sergei Lavrov for meetings.
Economic Reports/Events –
· European Central Bank Board Member Claudia Buch participates in panel discussion at the ACPR Conference "Ten years of SSM banking supervision: key achievements and main challenges ahead" in Paris, France.
· European Central Bank Board Member Edouard Fernandez-Bollo Mr. Fernandez-Bollo chairs Roundtable 1 entitled: "What are the key achievements of 10 years of SSM supervision in Europe and the main expectations for the future?" at the ACPR Conference "Ten years of SSM banking supervision: key achievements and main challenges ahead" in Paris, France.
· European Central Bank Board Member Elizabeth McCaul participates in a Roundtable at ACPR Conference "Ten years of SSM banking supervision: key achievements and main challenges ahead" in Paris, France.
· European Central Bank Board Member Isabel Schnabel participates in a panel "Investing in Sovereignty – How to Create a New Single Market for a New World Order?" at Tag der Industrie (TDI) 2024 in Berlin, Germany.
· Switzerland Current Account Q1
· Turkey Business Confidence (June)/ Capacity Utilization (June)/ Foreign Exchange Reserves (June/14)
· Germany Ifo Business Climate/ Current Conditions/ Expectations (June)
· Poland Retail Sales (May)/ M3 Money Supply (May)
· Slovenia Tourist Arrivals (May)
· Great Britain CBI Industrial Trends Orders (June)
Middle East
Political/Social Events –
· Iran holds its third presidential debate in Tehran. The topic of the debate will be “Iran’s role in the World.”
· The 21st Annual Herzlia Security Conference will be held in in Herzliya, Israel. A number of senior Israeli and US officials, including US Ambassador to Israel Jacob Lew and National Security Advisor to Vice President Kamala Harris will speak.
Economic Reports/Events –
· Saudi Arabia Imports/Exports/Balance of Trade (April)
· Kuwait Inflation Rate (May)/ M2 Money Supply (May)
· Oman M2 Money Supply (April)/ Total Credit (April)/ Inflation Rate (May)
· Jordan Industrial Production (April)
Africa
Political/Social Events –
· The Global Peace Leadership Conference begins in Nairobi, Kenya. The event brings more than 600 delegates from 25 countries to discuss sustainable peacebuilding.
Economic Reports/Events –
· Ivory Coast Inflation Rate (May)
Tuesday, June 25, 2024
Global
· The UN Security Council is scheduled to hold a briefing, followed by consultations, on the Middle East. In the afternoon, the Security Council is scheduled to hold a briefing, followed by consultations, on the Middle East (Syria).
· The Wall Street Journal’s Global Food Forum begins and runs through June 26. Business leaders from the food industry and agriculture will be speaking.
Americas
Political/Social Events –
· Peru’s President Dina Boluarte begins a visit to China where she will meet with President Xi Jinping. She is also expected to meet with the CEOs of Huawei and BYD, two firms winning market share in Peru.
· In Miami, Florida, a US Federal Court will sentence former British Virgin Islands Premier Andrew Fahie after he was convicted of conspiracy to import a controlled substance, conspiracy to commit money laundering, interstate and foreign travel in aid of racketeering, and other charges.
Economic Reports/Events –
· Federal Reserve Board Governor Michelle Bowman gives a speech entitled “Perspectives on U.S. Monetary Policy and Bank Capital Reform” at the Policy Exchange Event in London.
· Federal Reserve Board Governor Lisa D. Cook gives a speech entitled “Economic Outlook” at the Economic Club of New York Luncheon, New York.
· Federal Reserve Board Governor Michelle W. Bowman gives pre-recorded opening remarks at the Midwest Cyber Workshop hosted by the Federal Reserve Banks of St. Louis, Chicago, and Kansas City.
· Brazil BCB Copom Meeting Minutes
· Canada Inflation Rate (May)/ CPI Median (May)
· USA Chicago Fed National Activity Index (May)/ Redbook (June/22)/ S&P/Case-Shiller Home Price (April)/ House Price Index (April)/ CB Consumer Confidence (June)/ Richmond Fed Manufacturing Index (June)/ Richmond Fed Services Index (June)/ Dallas Fed Services Index (June)/ Money Supply (May)/ API Crude Oil Stock Change (June/21)/ Fed Cook Speech/ Fed Bowman Speech
Asia
Political/Social Events –
· South Korea Finance Minister Choi Sang-mok and Japan Finance Minister Shunichi Suzuki will hold meetings in Seoul. They are working on how to “take appropriate steps to stabilize excessive volatility in their currencies.”
· The National People's Congress Standing Committee convenes in Beijing for a four-day session. China's top legislative body has 10 bills on its agenda, including one that has raised eyebrows for seeking to ban behavior and clothing that "hurts the feelings" of the Chinese people. While there are likely to be draft changes, the current changes do not specify what images or words might be considered an offence, which could lead to a fine of 5,000 yuan ($680) or up to 15 days in prison.
· In Dalian, China, the World Economic Forum’s 15th Annual Meeting of the New Champions starts and runs through June 27. More than 1,500 corporate and political leaders are expected to attend.
· China's Chang'e 6 lunar probe is due to return to Earth carrying the first samples ever collected from the far side of the moon.
Economic Reports/Events –
· South Korea Consumer Confidence (June)
· Australia Westpac Consumer Confidence Change & Index (June)
· Thailand Imports/Exports/Balance of Trade (May)
· Malaysia Coincident Index (April)/ Leading Index (April)
· Japan Coincident Index Final (April)/ Leading Economic Index Final (April)
· Hong Kong Imports/Exports/Balance of Trade (May)
Europe
Political/Social Events –
· In France, Prime Minister Gabriel Attal, National Rally president Jordan Bardella, and left-wing alliance leader Manuel Bompard will debate on national television ahead of the parliamentary elections which begin later this week.
· The EU will hold a Conference on the Accession of Ukraine to becoming a member of the EU as well as a Conference of Accession for Moldova to the European Union will be held in Luxembourg. Both countries will be presented with a general Negotiating Framework, which establishes the guidelines and principles for the accession negotiations.
· The EU General Affairs Council will meet in Luxembourg. Ministers are expected to discuss preparations for the European Council meeting on June 27/28, including discussing the situation in Ukraine, the Middle East, EU security and defense, and EU competitiveness.
· Today is Croatia Independence Day, commemorating the day in 1991 when the country broke away from Yugoslavia.
· Slovenia celebrates Statehood Day, commemorating when it broke away from Yugoslavia in 1991.
Economic Reports/Events –
· Spain GDP Growth Rate YoY Final Q1/ PPI (May)
· Poland Unemployment Rate (May)
· Turkey Tourist Arrivals (May)
Middle East
Political/Social Events –
· Iran holds its fourth and final presidential debate in advance of the June 28 election. The topic of this debate will be “The Economy.”
Economic Reports/Events –
· Israel Manufacturing Production (April)
Africa
Political/Social Events –
· President of the Republic of Congo Denis Sassou Nguesso will meet Russian President Vladimir Putin during a trip to Moscow. Russia has been focusing on building their sphere of influence throughout Africa and, following a meeting between Putin and Nguesso during the Russia-Africa Summit last year, trade between the two countries has increased 85 percent.
· Kenya’s Parliament will meet to vote on proposed changes to the 2024 finance law which has led to massive public protests around the country.
· The Global Peace Leadership Conference will begin in Nairobi, Kenya. The event brings more than 600 delegates from 25 countries to discuss sustainable peacebuilding.
· Also in Nairobi, The Enhancing the Sustainability of Investment for Vaccine Manufacturing in Africa conference will begin and run through June 27. The event is funded by the German Federal Ministry for Economic Cooperation and Development. Kenyan President William Ruto will be the keynote speaker.
· Today is Mozambique Independence Day, commemorating when the country declared its independence from Portugal after a bloody insurgency in 1975.
Economic Reports/Events –
· South Africa Leading Business Cycle Indicator (April)
Wednesday, June 26, 2024
Global
· The UN Security Council is scheduled to hold an open debate on children and armed conflict.
Americas
Political/Social Events –
· Mexico City’s Cutzamala water system could run dry.
Economic Reports/Events –
· The Federal Reserve publishes its annual bank stress test results.
· USA MBA Mortgage Market Index (June/21)/ MBA Purchase Index (June/21)/ New Home Sales (May)/ EIA Crude Oil Stocks Change (June/21)/ Bank Stress Tests/ Building Permits Final (May)
· Brazil Bank Lending (May)/ IPCA mid-month CPI (June)
· Canada Wholesale Sales (May)/ Manufacturing Sales (May)
· Argentina Current Account Q1
Asia
Political/Social Events –
· The US will commence Rim of the Pacific 2024 (Rimpac 24) military exercise, with 40 surface ships, three submarines, 14 national land forces, more than 150 aircraft and over 25,000 personnel taking part in the biennial exercise, this year hosted in Honolulu, Hawaii. It will run until August 2.
Economic Reports/Events –
· Australia Westpac Leading Index (May)/ Monthly CPI Indicator (May)
· Singapore Industrial Production (May)
· India M3 Money Supply (June/14)
Europe
Political/Social Events –
· The trial of Wall Street Journal reporter Evan Gershkovich on charges of espionage begins in Moscow.
· British Prime Minister Rishi Sunak and opposition leader Keir Starmer square off in a BBC debate ahead of elections on July 4.
· The sixteenth meeting of the EU Accession Conference with Montenegro at ministerial level will be held in Brussels. The meeting will take stock of Montenegro’s progress in meeting the interim benchmarks of the rule of law chapters – Chapter 23 on Judiciary and Fundamental rights, and Chapter 24 on Justice, Freedom and Security – and provide guidance for the work ahead.
Economic Reports/Events –
· European Central Bank Board Member Philip R. Lane gives the keynote speech at the Bank of Finland's 3rd International Monetary Policy Conference on monetary policy in low and high inflation environments in Helsinki, Finland.
· Germany GfK Consumer Confidence JUL
· Hungary Current Account Q1
· France Consumer Confidence (June)/ Unemployment Benefit Claims (May)/ Jobseekers Total (May)
· Switzerland Economic Sentiment Index (June)
· Great Britain CBI Distributive Trades (June)
· Russia Corporate Profits (April)
· Euro Area European Council
Middle East
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· Israel Composite Economic Index (May)
Africa
Political/Social Events –
· Madagascar Independence Day is celebrated, commemorating when the country was given its independence in 1960 from France.
· Somalia Independence Day is observed today, marking the day the country was given its independence by the UK.
Economic Reports/Events –
· Zimbabwe Inflation Rate (June)
Thursday, June 27, 2024
Global
· The G7 Education Ministers meet in Trieste, Italy.
· The UN Security Council is scheduled to hold a vote linked to the United Nations Disengagement Observer Force (UNDOF), to the Democratic Republic of the Congo sanctions, as well as to the African Transition Mission in Somalia (ATMIS). Also, this morning, the Security Council is scheduled to hold a briefing, followed by consultations, on the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA).
Americas
Political/Social Events –
· President Biden will debate former President Trump in their first presidential debate in Atlanta, Georgia. CNN is hosting the debate.
Economic Reports/Events –
· Brazil IGP-M Inflation (June)/ PPI (May)
· Mexico Balance of Trade (May)/ Unemployment Rate (May)/ Interest Rate Decision
· Canada Average Weekly Earnings (April)
· USA Durable Goods Orders (May)/ GDP Growth Rate Final Q1/ Goods Trade Balance Adv (May)/ Initial Jobless Claims (June/22)/ Continuing Jobless Claims (June/15)/ PCE Prices Final Q1/ Real Consumer Spending Final Q1/ Pending Home Sales (May)/ EIA Natural Gas Stocks Change (June/21)/ Kansas Fed Composite Index (June)/ Kansas Fed Manufacturing Index (June)
· Argentina Consumer Confidence (June)
Asia
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· South Korea Business Confidence (June)
· New Zealand ANZ Roy Morgan Consumer Confidence (June)/ ANZ Business Confidence (June)
· Japan Foreign Bond Investment (June/22)/ Stock Investment by Foreigners (June/22)
· Australia Consumer Inflation Expectations (June)
· China Industrial Profits (YTD) (May)
· Taiwan Consumer Confidence (June)
· Malaysia PPI (May)
· Philippines Interest Rate Decision
Europe
Political/Social Events –
· The European Council will meet in Brussels through June 28. The EU leaders will seek to come to an agreement on who the next President of the European Commission will be. Tensions have emerged between Italian Prime Minister Georgia Meloni and French President Emmanual Macron and German Chancellor Olaf Scholz after they left her out of informal consultations on who should be the next president. The leaders are also expected to discuss the situation in Ukraine, the Middle East, EU security and defense, and EU competitiveness.
· In the UK, junior doctors in England begin a five-day strike in the British Medical Association’s ongoing dispute with the government over pay.
Economic Reports/Events –
· European Central Bank Board Member Frank Elderson gives a speech on banking supervision at a conference hosted by Allen & Overy in NeuIsenburg, Germany.
· The Bank of England publishes their annual report on the British financial system stability.
· Slovakia Business/ Consumer Confidence (June)
· Spain Retail Sales (May)/ Business Confidence (June)
· Turkey Economic Confidence Index (June)/ TCMB Interest Rate Decision/ Overnight Lending & Borrowing Rate (June)/ Foreign Exchange Reserves (June/21)
· Euro Area Loans to Companies & Households (May)/ M3 Money Supply (May)/ Economic Sentiment (June)/ Consumer Confidence Final (June)/ Consumer Inflation Expectations (June)/ Industrial Sentiment (June)/ Selling Price Expectations (June)/ Services Sentiment (June)
· Italy Business/ Consumer Confidence (June)/ PPI (May)
· Slovenia Retail Sales (May)
· Greece Total Credit (May)
Middle East
Political/Social Events –
· Iran’s Presidential Election
Economic Reports/Events –
· Nothing significant to report.
Africa
Political/Social Events –
· The UN-sponsored Africa CEO Summit begins in Nairobi, Kenya. The event brings together business leaders and policymakers from Africa to discuss the future of Africa.
· Eco t. nomic Reports/Events –
· South Africa PPI (May)
Friday, June 28, 2024
Global
· The Global Interdependence Center holds its Central Banking Series in Paris. Among the speakers are Bank of France Governor François Villeroy de Galhau and Federal Reserve Bank of Richmond President Thomas Barkin.
Americas
Political/Social Events –
· Peru’s President Dina Boluarte begins a visit to China where she will meet with President Xi Jinping. She is also expected to meet with the CEOs of Huawei and BYD, two firms winning market share in Peru. China is Peru’s largest trading partner and is trying to build a $4 billion deep-water port in in Chancay, Peru which is raising concerns in the US and elsewhere in South America. But the Peruvian government is disputing the terms of the deal and, for now, the venture is on hold.
Economic Reports/Events –
· Federal Reserve Board Governor Michelle W. Bowman patriciates in a conversation At the Ronald Reagan Presidential Foundation and Institute Leadership Council Conference (virtual).
· Richmond Federal Reserve Bank President Thomas Barkin to speak before the Global Interdependence Center/Banque de France" Central Banking Series: Paris" conference.
· USA Fed Barkin Speech/ Core PCE Price Index (May)/ PCE Price Index (May)/ Personal Income & Spending (May)/ Chicago PMI (June)/ Michigan Consumer Sentiment Final (June)/ Quarterly Grain Stocks – Corn/Soy/Wheat (June)/ Baker Hughes Total Rigs Count (June/28)
· Canada CFIB Business Barometer (June)/ GDP (April)
· Brazil Gross Debt to GDP (May)/ Nominal Budget Balance (May)/ Unemployment Rate (May)/ Net Payrolls (May)
· Chile Copper Production (May)/ Industrial Production (May)/ Manufacturing Production (May)/ Retail Sales (May)/ Unemployment Rate (May)
· Costa Rica GDP Growth Rate Q1/ Current Account Q1
· Colombia Unemployment Rate (May)/ Interest Rate Decision/ Cement Production (May)
· Paraguay GDP Growth Rate Q1/ Current Account Q1
· Uruguay Balance of Trade (May)/ Current Account Q1
· Argentina Economic Activity (April)
· Panama Current Account Q4
· Mexico Fiscal Balance (May)
Asia
Political/Social Events –
· Mongolia holds parliamentary elections.
Economic Reports/Events –
· South Korea Industrial Production (May)/ Retail Sales (May)
· Japan Unemployment Rate (May)/ Jobs/applications ratio (May)/ Tokyo CPI (June)/ Retail Sales (May)/ Industrial Production (May)/ Housing Starts (May)/ Construction Orders (May)
· Australia Housing Credit (May)/ Private Sector Credit (May)
· Vietnam Foreign Direct Investment (June)
· Philippines Budget Balance (May)
· Singapore Export Prices (May)/ Import Prices (May)/ PPI (May)
· Thailand Current Account (May)/ Private Consumption & Investment (May)
· Malaysia M3 Money Supply (May)
· China Current Account Final Q1
· Sri Lanka Inflation Rate (June)/ PPI (May)/ Balance of Trade (May)
· India Government Budget Value (May)/ Foreign Exchange Reserves (June/21)/ Infrastructure Output (May)/ Current Account Q1/ External Debt Q1
· Pakistan Consumer Confidence (June)
Europe
Political/Social Events –
· Ukraine celebrates Constitution Day, celebrates the date of the adoption of a new constitution in the Ukraine in 1996.
Economic Reports/Events –
· Germany Retail Sales (May)/ Import Prices (May)/ Unemployment Rate (June)
· Great Britain Current Account Q1/ GDP Growth Rate Final Q1/ Business Investment Final Q1
· Hungary PPI (May)/ Unemployment Rate (May)
· France Inflation Rate (June)/ Household Consumption (May)/ PPI (May)
· Spain Inflation Rate (June)
· Switzerland KOF Leading Indicators (June)
· Turkey Imports/Exports/Balance of Trade Final (May)
· Italy Industrial Sales (April)/ Inflation Rate (June)
· Poland Inflation Rate (June)
· Slovenia Inflation Rate (June)
· Greece PPI (May)/ Retail Sales (April)
· Ireland Retail Sales (May)
· Russia Balance of Trade (May)/ Industrial Production (May)/ Retail Sales (May)/ Industrial Production (May)/ M2 Money Supply (May)
· Ukraine Current Account (May)
Middle East
Political/Social Events –
· Iran holds elections to select a new president after President Raisi died in a helicopter crash. Iran's Guardian Council, which oversees elections and decides who allowed to run for elected office, have approved six candidates. They include Mohammad Baqer Qalibaf, Iran's hardline parliament speaker and former Revolutionary Guards commander, Saeed Jalili, a conservative, who was former chief nuclear negotiator and ran Supreme Leader Ayatollah Ali Khamenei's office for four years and Tehran's conservative mayor Alireza Zakani. Also approved to run are Masoud Pezeshkian, a reformist lawmaker, Mostafa Pourmohammadi, a hardliner and a former interior minister, and Amir-Hossein Ghazizadeh Hashemi a conservative politician.
Economic Reports/Events –
· Nothing significant to report.
Africa
Political/Social Events –
· Djibouti’s Independence Day is celebrated today, marking the day in 1977 when it gained independence from France.
Economic Reports/Events –
· South Africa M3 Money Supply (May)/ Private Sector Credit (May)/ Consumer Confidence Q2/ Balance of Trade (May)/ Budget Balance (May)
· Nigeria Foreign Exchange Reserves (June)
· Kenya Inflation Rate (June)
Saturday, June 29, 2024
Global
· Nothing significant to report.
Americas
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· Nothing significant to report.
Asia
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· Vietnam Balance of Trade (June)/ GDP Growth Rate Q2/ Industrial Production (June)/ Inflation Rate (June)/ Retail Sales (June)/ Tourist Arrivals (June)
Europe
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· European Central Bank Board Member Isabel Schnabel participates in the Petersberger Sommer-Dialog in Königswinter (Bonn), Germany.
· France Legislative Election 1st Round
Middle East
Political/Social Events –
· The 2024 Egypt-European Union Investment Conference will take place in Cairo, Egypt and runs through June 30.
Economic Reports/Events –
· Nothing significant to report.
Africa
Political/Social Events –
· Mauritania holds presidential elections.
Economic Reports/Events –
· Nothing significant to report.
Sunday, June 29, 2024
Global
· Nothing significant to report.
Americas
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· Nothing significant to report.
Asia
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· China NBS Manufacturing PMI (June)/ NBS Non-Manufacturing PMI (June)/ NBS General PMI (June)
Europe
Political/Social Events –
· The First Round of parliamentary voting begins in France.
· Belgium’s six-month presidency of the Council of the European Union ends. Hungary takes over the Presidency tomorrow, June 30.
Economic Reports/Events –
· Nothing significant to report.
Middle East
Political/Social Events –
· Nothing significant to report.
Economic Reports/Events –
· Saudi Arabia Unemployment Rate Q1/ M3 Money Supply (May)/ Private Bank Lending (May)
Africa
Political/Social Events –
· The Congo celebrates its Independence Day today, commemorating when the country gained its independence from Belgium in 1960.
· Today is Independence Day in the Seychelles, celebrating the day in 1975 when it gained its independence from the UK.
Economic Reports/Events –
· Nothing significant to report.