The Global Week Ahead

Written By Francis Kelly

May 26 - June 2, 2024

While it will be a quiet week in the US with the Memorial Day holiday and the official beginning of Summer, it will be a hectic week worldwide.  Markets will be watching a number of major events this week, particularly the China-Japan-South Korea trilateral meeting in Seoul, South Korea.  The leaders of the three nations are meeting together for the first time since 2019.  Tensions between the three nations have increased in recent years as Japan and South Korea have grown closer to the US in a bid to better defend themselves against the growing Chinese presence in the region as well as North Korea’s enhanced missile capability and growing belligerence toward them.  China is Japan and South Korea’s largest trading partner and while no breakthroughs are expected, is part of a new effort to reduce those tensions and maintain strong economic relations. 

Markets will be watching as two significant elections are held this week and one massive election moves into its final stage. First, in Mexico, voters will choose a new president. Former Mexico City Mayor Claudia Sheinbaum, an ally of current President Andrés Manuel López Obrador (AMLO), is expected to win, making her Mexico’s first woman president. Markets are watching this election closely as Sheinbaum is expected to continue AMLO’s populist economic policies, which have often clashed with business interests in the country.

Second, South Africa holds presidential and parliamentary elections. President Cyril Ramaphosa is likely to be elected for a second term that will keep him in office until 2029. South Africa, a member of the BRICS, has grown closer to Russia and China in recent years and more hostile to the US and other Western countries.  Recall it was the South African government who filed the case charging Israel with committing genocide against Palestinians in the International Court of Justice while claiming neutrality in the Ukrainian War while increasing trade and conducting joint naval drills last year with Russia and China.

India moves to the seventh and final stage of its six-week national elections. More than 970 million people were eligible to vote.  Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) are expected to retain power and likely expand it in the country’s 543-seat parliament.  But expectations for a sweeping BJP electoral super-majority win are now being tempered as polling suggests opposition parties may have done somewhat better than expected.  The final results will be announced on June 4.  The final stage comes one day after India announces GDP figures on Friday which are expected to be at least 8 percent for Q1.

There will be a flurry of activity in Europe this week, with significant meetings and visits. EU and NATO foreign ministers will be meeting to discuss the situation in Ukraine and Gaza, underscoring the importance of these geopolitical hotspots. Additionally, French President Emmanuel Macron will make a State Visit to Germany – the first state visit of a French President to Germany in 24 years. This extraordinary visit, which will also include a joint meeting of the French and German cabinets, aims to address a long list of issues and bring the two nations closer together. The strained relations between the two countries over energy, economics, and other issues in recent years make this visit particularly significant.

It will not be all quiet in the US this week. On Tuesday, closing arguments in the criminal trial of former President Trump begin in New York. The Ohio State Legislature has been called back into a special session to vote on a bill allowing President Biden to be added to the November ballot. Due to a glitch in Ohio law and the timing of the Democratic Presidential Convention in August, Biden is currently not on the ballot. The legislature failed to correct this before they went out of session last week, forcing Governor Mike DeWine to call them back. 

Looking at the global economic radar screen this week, markets will be looking closely at important inflation data from the US (including the Fed’s favorite inflation gauge, personal consumption expenditures (PCE), Europe, Japan, and China. In particular, Germany will release its May CPIs on Wednesday, while Italy, France, and the Eurozone will release CPIs on Friday. The Federal Reserve will release the latest Beige Book, and the European Central Bank will release the important consumer expectations survey.  

Below are the rest of the significant political events and economic reports we are watching this coming week.  Please let us know if you have any questions.

Sunday, May 26, 2024

Global

  • UN Secretary-General António Guterres will travel to Antigua and Barbuda to take part in the fourth International Conference on Small Island Developing States. He will first attend the High-Level Closing Session of the Small Island Developing State Business Network.

 

Americas

Political/Social Events –

  • Former President Trump will address the Libertarian Party’s National Convention in Washington, D.C.  Independent Candidate Robert Kennedy, Jr. addressed the Convention yesterday.  Both candidates are seeking the support and endorsement of the Party, and it is the first time the Party has allowed non-party candidates to address and appeal to the party.

  • Today is Independence Day in Guyana, marking the day the country gained its independence from the UK in 1966.

Economic Reports/Events –

  • Nothing significant to report.

 

Asia

Political/Social Events –

Economic Reports/Events –

  • Nothing significant to report.

 

Europe

Political/Social Events –

  • Russian President Vladimir Putin begins a two-day visit to Uzbekistan.

  • Ukrainian President Volodymyr Zelensky will visit Spain. 

  • French President Emmanuel Macron will travel to Germany for a three-day state visit through May 28.  It is the first state visit by a French leader in 24 years.  According to the German and French governments, "find points of convergence between France and Germany on subjects of the future like technology, innovation, artificial intelligence."

  • Lithuanian President Gitanas Nauseda faces a runoff election in his bid for a second term against Prime Minister Ingrida Simonyte, a rematch of the 2019 elections

  • President of the European Council Charles Michel may meet with the Prime Minister and Minister of Foreign Affairs of the Palestinian Authority (TBC).

  • Georgia celebrates Independence Day today, marking the day it gained its freedom from Russia in 1991.

Economic Reports/Events –

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Israel Manufacturing Production (March)/ Unemployment Rate (April)

 

Africa

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

 

Monday, May 27, 2024

Global

  • The World Health Organization (WHO) will hold its  77th World Health Assembly in Geneva, Switzerland. The organization is seeking a final agreement on a global pandemic treaty to deal with any future pandemic.

  • The UN’s fourth International Conference on Small Island Developing States is taking place in Antigua and Barbuda, organized by the UN Department of Economic and Social Affairs (DESA) and the United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS).

  • UN Secretary-General António Guterres will address the opening ceremony of the Conference, where he will reiterate the UN’s support for the aspirations of Small Island Developing States (SIDS) – from halting and mitigating the impacts of the climate crisis to building resilient economies and fostering safe, healthy and prosperous societies. He will also call on the international community to support SIDS in the challenges they face and will underscore that SIDS is a test case for climate justice and financial justice.

 

Americas

Political/Social Events –

  • The US Congress is out of session this week in honor of the Memorial Day holiday. Banks and financial markets are closed.

  • Peru will host a meeting of senior finance officials for the Asia-Pacific Economic Cooperation forum in Urubamba, Peru.

Economic Reports/Events –

  • Cleveland Federal Reserve Bank President Loretta Mester to participate in policy panel discussion on “The Effects of Conventional and Unconventional Policy Instruments" before the 2024 Bank of Japan - Institute for Monetary and Economic Studies Conference in Tokyo, Japan.

  • Brazil Bank Lending (April)/ BCB Focus Market Readout

  • Canada Wholesale Sales MoM Prel (April)/ CFIB Business Barometer

  • Mexico GDP Growth Rate YoY (Q1)

 

Asia

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • China Industrial Profits (YTD) (April)

  • Taiwan Consumer Confidence (May)

  • Bank of Japan Governor Kazuo Ueda speaks at the 2024 BOJ-IMES Conference Hosted by the Institute for Monetary and Economic Studies, Bank of Japan, in Tokyo.  Deputy Governor Shinichi Uchida will also give a speech.

  • Japan Coincident Index Final (March)/ Leading Economic Index Final (March)

  • Indonesia M2 Money Supply (April)

  • Vietnam Foreign Direct Investment (May)

  • Hong Kong Imports/ Exports/ Balance of Trade (April)

 

Europe

Political/Social Events –

  • As announced last week, Norway, Ireland, and Spain formally recognize a State of Palestine.

  • Cabinets of France and Germany for joint talks chaired by Olaf Scholz and Emmanuel Macron in Berlin, Germany.

  • The EU Foreign Affairs Council will meet in Brussels through May 28.  The Foreign Affairs Ministers are expected to discuss the Russian aggression against Ukraine after an informal exchange of views with the Minister of Foreign Affairs of Ukraine, Dmytro Kuleba, who is foreseen to join the beginning of the meeting via videoconference to provide updates on the latest developments on the ground and Ukraine’s current priorities.  They will also discuss the situation in Georgia in the wake of the passing of the highly controversial “foreign agent” law as well as the situation in Venezuela and Venezuelan President Maduro’s ongoing interference in free and fair elections. They will also discuss the situation in Gaza.

  • Georgia parliament set to adopt the highly controversial 'foreign influence' bill.

  • IAEA chief Rafael Grossi is expected to visit Moscow for talks on Zaporizhzhia, the nuclear power plant in Ukraine that has been under attack by Russian forces.

  • The EU Agriculture and Fisheries Council meets in Brussels.  They are expected to discuss current crisis situation in the agricultural sector. The Council will follow up on the responses that have already been provided and those that are currently envisaged, while also focusing on the future of crisis management.

  • The Supporting the Future of Syria and the Region – Brussels Eight Conference will be held in Brussels.

Economic Reports/Events –

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Israel Interest Rate Decision

 

Africa

Political/Social Events –

Economic Reports/Events –

  • Ghana Interest Rate Decision

  • Zimbabwe Inflation Rate (May)

  • Ivory Coast Inflation Rate (May)

 

 

Tuesday, May 28, 2024

Global

  • UN Secretary General António Gutteres Secretary-General will take part in the High-Level Meeting on Resource Mobilization for Small Island Developing States in Antigua.

  • The UN Security Council is scheduled to hold a debate on the maintenance of international peace and security: The role of women and young people.

 

Americas

Political/Social Events –

Economic Reports/Events –

  • Federal Reserve Board Governor Lisa Cook gives a speech entitled “AI and the Economy” at the Al-nomics: The Nexus of GenAI+ the Economy at the Federal Reserve Bank of San Francisco in San Francisco, California.  Federal Reserve Bank of San Francisco President Mary Daly will also speak and host the event.

  • Minneapolis Federal Reserve Bank President Neel Kashkari to speak and participates in panel before the Barclays-CEPR International Monetary Policy Forum in London.

  • Brazil IPCA mid-month CPI (May)/ PPI (April)/ Net Payrolls (April)

  • Canada PPI (April)/ Raw Materials Prices (April)

  • USA S&P/Case-Shiller Home Price (March)/ House Price Index (March)/ Fed Kashkari Speech/ CB Consumer Confidence (May)/ Dallas Fed Manufacturing Index (May)/ Money Supply (April)

 

Asia

Political/Social Events –

Economic Reports/Events –

  • Australia Retail Sales MoM Prel (April)

  • Malaysia PPI (April)

 

Europe

Political/Social Events –

  • The European Economic Area Council meets in Brussels.  The EEA Council will discuss the overall functioning of the EEA Agreement and hold an orientation debate on the role of the green transition in Europe’s competitiveness: challenges and opportunities.

  • Today marks the Founding of the Democratic Republic of Azerbaijan in 1918.

Economic Reports/Events –

  • Bank of England Member of the Monetary Policy Committee Catherine Mann will speak at the Barclays-CEPR International Monetary Policy Forum in London.

  • ECB Governing Council member Klaas Knot will speak at the Barclays-CEPR International Monetary Policy Forum in London.

  • European Central Bank Board Member Isabel Schnabel participates in a panel discussion at the 2024 BOJ-IMES conference on "Price Dynamics and Monetary Policy Challenges - Lessons Learned and Going Forward" in Tokyo, Japan.

  • Euro Area ECB Schnabel Speech

  • Germany Wholesale Prices (April)

  • Slovenia Retail Sales (April)

  • France Unemployment Benefit Claims (April)/ Jobseekers Total (April)

  • Ireland Retail Sales (April)

  • Great Britain CBI Distributive Trades (May)

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Israel Composite Economic Index (April)

  • Saudi Arabia M3 Money Supply (April)/ Private Bank Lending (April)

 

Africa

Political/Social Events –

  • Today is National Day in Ethiopia, marking the day when the Derg – the dictatorial reign of Mengistu Hailie Marian, ended in 1991.

Economic Reports/Events –

  • Nothing significant to report.

 

 

Wednesday, May 29, 2024

Global

 

Americas

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • New York Federal Reserve Bank President John Williams to participate in roundtable with local leaders to hear about business conditions and municipal and community services in New York.

  • Atlanta Federal Reserve Bank President Raphael Bostic to participate in a moderated conversation on “Economic Outlook and Leadership" before the American Economic Association Conference on Teaching and Research in Economic Education in Atlanta, Georgia.

  • Brazil IGP-M Inflation (May)/ Gross Debt to GDP (April)/ Nominal Budget Balance (April)/ Unemployment Rate (April)

  • Federal Reserve’s Beige Book is released/USA MBA Purchase Index (May/24)/ Redbook (May/25)/ Richmond Fed Manufacturing Index (May)/ Richmond Fed Services Index (May)/ Dallas Fed Services Index (May)/ Dallas Fed Services Revenues Index/ API Crude Oil Stock Change (May/24)

  • Mexico Central Bank Interest Rate Decision

 

Asia

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Australia Westpac Leading Index (April)/ Construction Work Done QoQ (Q1)/ Monthly CPI Indicator (April)

  • New Zealand ANZ Business Confidence (May)

  • Bank of Japan Member of the Policy Board Toyoaki Nakamura gives a speech to local leaders in Sapporo, Japan.

  • Japan Consumer Confidence (May)

  • Sri Lanka Interest Rate Decision

  • Vietnam Balance of Trade (May)/ Industrial Production (May)/ Inflation Rate (May)/ Retail Sales (May)/ Tourist Arrivals (May)

  • Singapore Export & Import Prices (April)/ PPI (April)

  • India M3 Money Supply (May/17)

 

Europe

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Germany GfK Consumer Confidence (June)/ Baden Wuerttemberg CPI (May)/ Bavaria CPI (May)/ Brandenburg CPI (May)/ Hesse CPI (May)/ North Rhine Westphalia CPI (May)/ Saxony CPI (May)/ Inflation Rate YoY Prel (May)

  • France Consumer Confidence (May)

  • Spain Retail Sales (April)

  • Euro Area Loans to Companies (April)/ Loans to Households (April)/ M3 Money Supply (April)

  • Italy Business Confidence (May)/ Consumer Confidence (May)

  • Poland Inflation Rate YoY Prel (May)

  • Switzerland Economic Sentiment Index (May)

  • Greece Total Credit (April)

  • Russia Industrial Production (April)

 

Middle East

Political/Social Events –

  • Morocco will host the GITEX Africa conference in Marrakech through May 31, and attendees will discuss Africa's prospects in the fields of artificial intelligence and digital growth.

Economic Reports/Events –

  • Qatar Balance of Trade (April)

  • Jordan Industrial Production (March)

 

Africa

Political/Social Events –

Economic Reports/Events –

  • Nothing significant to report.

 

 

Thursday, May 30, 2024

Global

  • The UN the Security Council is expected to vote on a draft resolution renewing the mandate of the UN Assistant Mission for Iraq (UNAMI), and on South Sudan sanctions and on Libya [SCR 2292]. This will be followed with a briefing on the Middle East, followed by consultations (Syria). In the afternoon, a briefing at the Council is expected by the United Nations High Commissioner for Refugees, Filippo Grandi.

  • The AI for Good Summit will be held in Geneva, Switzerland. The summit will bring together governments, non-profit research institutions, corporations and international organizations to discuss how to regulate AI.

 

Americas

Political/Social Events –

Economic Reports/Events –

  • New York Federal Reserve Bank President John Williams to speak before hybrid Signature Luncheon event hosted by the Economic Club of New York.

  • Dallas Federal Reserve Bank President Lorie Logan to speak before the Borderplex Alliance Distinguished Speaker Series in El Paso, Texas.

  • Mexico Unemployment Rate (April)/ Fiscal Balance (April)

  • Canada Current Account (Q1)/ Average Weekly Earnings (March)

  • USA GDP Growth Rate QoQ 2nd Est (Q1)/ Corporate Profits QoQ Prel (Q1)/ Goods Trade Balance Adv (April)/ Initial Jobless Claims (May)/25/ Continuing Jobless Claims (May/18)/ Real Consumer Spending QoQ 2nd Est (Q1)/ Pending Home Sales (April)/ EIA Crude Oil Stocks Change (May/24)

  • Chile Unemployment Rate (April)

  • Argentina Consumer Confidence (May)

  • Uruguay Unemployment Rate (April)

 

Asia

Political/Social Events –

Economic Reports/Events –

  • New Zealand Building Permits (April)

  • Australia RBA Hunter Speech/ Building Permits MoM Prel (April)/ Building Capital Expenditure QoQ (Q1)/ Plant Machinery Capital Expenditure QoQ (Q1)/ Private Capital Expenditure QoQ (Q1)/ Private House Approvals MoM Prel (April)/ CoreLogic Dwelling Prices (May)

  • Japan Foreign Bond Investment (May/25)/ Stock Investment by Foreigners (May/25)

  • Philippines PPI (April)

  • Singapore Bank Lending (April)

  • Taiwan GDP Growth Rate YoY Final (Q1)

 

Europe

Political/Social Events –

  • The UK Parliament will be dissolved in advance of the general election in July.

  • Spain’s Parliament will vote on an amnesty bill for Calatagan separatists.

  • There will be an informal meeting of NATO Ministers of Foreign Affairs in Prague, Czechia.  

  • The EU Foreign Affairs Council (Trade) meets in Brussels. Ministers will discuss trade and competitiveness and the future of EU trade policy, the state of play of trade and investment relations between the EU and Africa, and the follow-up to the 13th World Trade Organization Ministerial Conference (MC13).

  • The EU Transport, Telecommunications, and Energy Council (Energy) meets in Brussels. Energy ministers will approve conclusions on sustainable electricity grid infrastructure, followed by a discussion on the future of REPowerEU.  They will also discuss the European Green Deal and how it can help transform the EU into a modern, resource-efficient, and competitive economy.  They will also discuss the final and updated national energy and climate plans submitted by member states, which are instrumental in achieving the Green Deal objectives and agreed EU-wide targets. They are also expected to formally adopt the decision on the withdrawal of the EU and Euratom from the Energy Charter Treaty, together with the decision on the position to be taken on behalf of the EU and Euratom in the upcoming Energy Charter Conference.

Economic Reports/Events –

  • The European Central Bank and a number of European financial markets and banks are closed for the Corpus Christi holiday.

  • Ireland Consumer Confidence (May)/ Harmonized Inflation Rate YoY Prel (May)

  • Great Britain Car Production (April)

  • Switzerland SNB Jordan Speech/ Balance of Trade (April)/ GDP Growth Rate YoY (Q1)/ KOF Leading Indicators (May)

  • Romania Unemployment Rate (April)

  • Slovakia Business Confidence (May)/ Consumer Confidence (May)

  • Spain Inflation Rate YoY Prel (May)/ Business Confidence (May)

  • Turkey Imports/ Exports/ Balance of Trade Final (April)/ Economic Confidence Index (May)/ MPC Meeting Summary/ Foreign Exchange Reserves (May/24)

  • Italy Unemployment Rate (April)/ PPI (April)

  • Euro Area Economic Sentiment (May)/ Unemployment Rate (April)/ Consumer Confidence Final (May)/ Industrial Sentiment (May)/ Services Sentiment (May)

  • Greece PPI (April)/ Unemployment Rate (April)

  • Russia Unemployment Rate (Q1)

 

Middle East

Political/Social Events –

Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

Africa

Political/Social Events –

  • Madagascar holds parliamentary elections.

Economic Reports/Events –

  • The World Bank’s board will meet to decide on Kenya’s funding under development policy financing, which would lead to the release of between $900 million and $1.2 billion for budget support.Nothing significant to report.

  • South Africa M3 Money Supply (April)/ Private Sector Credit (April)/ PPI (April)/ Budget Balance (April)/ Interest Rate Decision/ Prime Overdraft Rate

 

 

Friday, May 31, 2024

Global

  • Nothing significant to report.

 

Americas

Political/Social Events –

Economic Reports/Events –

  • Atlanta Federal Reserve Bank President Raphael Bostic to give commencement speech at Augusta Technical College, in Augusta, Texas.

  • Mexico Foreign Exchange Reserves (April)

  • Canada GDP (March)/ Budget Balance (March)

  • USA Core PCE Price Index (April)/ Personal Income (April)/ Personal Spending (April)/ Chicago PMI (May)

  • Chile Copper Production (April)/ Industrial & Manufacturing Production (April)/ Retail Sales (April)

  • Colombia Unemployment Rate (April)/ Interest Rate Decision/ Cement Production (April)

  • Brazil Balance of Trade (May)

  • Uruguay Balance of Trade (April)

 

Asia

Political/Social Events –

Nothing significant to report.

Economic Reports/Events –

  • South Korea Industrial Production (April)/ Retail Sales (April)

  • Japan Unemployment Rate (April)/ Jobs/applications ratio (April)/ Tokyo CPI (May)/ Retail Sales (April)/ Industrial Production YoY Prel (April)/ Housing Starts (April)/ Construction Orders (April)

  • Australia Private Sector Credit (April)/ Commodity Prices (May)

  • China NBS General PMI (May)

  • Thailand Industrial Production (April)

  • Kazakhstan Interest Rate Decision/ Inflation Rate (May)

  • Malaysia M3 Money Supply (April)

  • Thailand Current Account (April)/ Private Consumption & Investment (April)

  • Hong Kong Retail Sales (April)

  • Sri Lanka Inflation Rate (May)/ PPI (April)/ Balance of Trade (April)

  • India Government Budget Value (March)/ Government Budget Value (April)/ Foreign Exchange Reserves (May/24)/ GDP Growth Rate YoY (Q1)

  • Pakistan Consumer Confidence (May)

 

Europe

Political/Social Events –

Economic Reports/Events –

  • France Non-Farm Payrolls QoQ (Q1)/ Inflation Rate YoY Prel (May)/ GDP Growth Rate YoY Final (Q1)/ PPI (April)

  • Germany Retail Sales (April)/ Import Prices (April)

  • Hungary Balance of Trade Final (March)/ PPI (April)

  • Switzerland Retail Sales (April)

  • Turkey GDP Growth Rate YoY (Q1)/ Financial Stability Report

  • Italy GDP Growth Rate YoY Final (Q1)/ Inflation Rate YoY Prel (May)/ Industrial Sales (March)/ New Car Registrations (May)

  • Spain Current Account (March)

  • Slovenia Inflation Rate (May)

  • Great Britain BoE Consumer Credit (April)/ M4 Money Supply (April)/ Mortgage Approvals & Lending (April)/ Nationwide Housing Prices (May)

  • Euro Area Inflation Rate YoY Flash (May)/ CPI Flash (May)

  • Greece Retail Sales (March)

  • Ireland Average Weekly Earnings YoY (Q1)/ Construction Output YoY (Q1)

  • Russia Balance of Trade (April)/ Industrial Production (April)/ Retail Sales (April)/ GDP Growth Rate YoY Final (Q1)/ Corporate Profits (March)/ M2 Money Supply (April)

  • Ukraine Current Account (April)

 

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 –

  • Nigeria Foreign Exchange Reserves (May)

  • South Africa ABSA Manufacturing PMI (May)/ Balance of Trade (April)/ Total New Vehicle Sales (May)

  • Kenya Inflation Rate (May)

 

 

Saturday, June 1, 2024

Global

  • The OPEC+ Joint Ministerial Monitoring Committee will meet in Geneva, Switzerland, to discuss production quotas.

  • South Korea takes the Chair of the UN Security Council for the month of June.

 

Americas

Political/Social Events –

  • Salvadoran President Nayib Bukele is inaugurated for a second term.

Economic Reports/Events –

  • Nothing significant to report.

 

Asia

Political/Social Events –

  • India begins the 7th round of voting.

  • Today is Independence Day in Samoa, marking the day in 1962 when the country gained independence from New Zealand.

 significant to report.

Economic Reports/Events –

  • South Korea Imports/ Exports/ Balance of Trade (May)

 

Europe

Political/Social Events –

  • Iceland holds presidential elections.

Economic Reports/Events –

  • Nothing significant to report.

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

Africa

Political/Social Events –

  • Kenya celebrates Madaraka Day, marking the day the country gained independence from the UK in 1963.

Economic Reports/Events –

  • Nothing significant to report.

 

 

Sunday, June 2, 2024

Global

  • Nothing significant to report.

 

Americas

Political/Social Events –

Economic Reports/Events –

  • Nothing significant to report.

 

Asia

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

Europe

Political/Social Events –

  • Serbia reruns Belgrade’s December elections. The rerun is a result of complaints of widespread voter fraud.

  • Italy celebrates Republic Day today, marking the day in 1946 when the country voted to become a republic following the end of World War II.

Economic Reports/Events –

  • Nothing significant to report.

 

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.

Francis Kelly
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