The Global Week Ahead

Ukraine Peace Efforts Intensify as the 3rd Anniversary of Russia’s Invasion is Marked, Germany Holds Elections, and G20 Finance Ministers and Central Bankers Meet in South Africa

February 23 - March 1, 2025

Monday marks the 3rd anniversary of Russia's invasion of Ukraine.  In the shadow of this sad milestone, President Trump is continuing his rapid move to force peace talks between Russia and Ukraine, which are spurring multiple events this coming week.   

First, French President Emmanual Macron will travel to Washington on Monday for meetings with President Trump on the situation.  Later in the week, UK Prime Minister Keir Starmer will travel to Washington for talks, too.  The talks will include talks regarding Trump's threat to place tough new tariffs on Europe.  We would note that Polish President Andrzej Duda met with President Trump yesterday (Saturday) in Washington to discuss Ukraine and US-Polish security arrangements and cooperation.

In Europe, EU foreign affairs ministers will meet to discuss the current state of peace efforts and the situations in Gaza, Lebanon, and Syria.  Israeli Foreign Minister Gideon Ada will attend those meetings.

Meanwhile, results from Germany's elections are coming in today (Sunday).  As expected, the Christian Democratic Union/Christian Social Union (CDU/CSU) coalition led by Fredrik Mertz looks to have won the elections with 29 percent of the vote.  But in a historic first, the fa-right AfD Party came in second with more than 20 percent of the vote.  The CDU/CSU will likely have to form a coalition with either the Social Democratic Party (SPD), Green Party, or libertarian Free Democratic Party (if they reach the threshold of 5 percent required to be seated in the parliament – they are currently coming at 4.7 percent in exit polls) to form a ruling government.  Merz has said he will refuse to work with the AfD.

In Washington, Monday is the deadline for all federal workers to comply with a demand from Elon Musk's DOGE explaining their work or risk being fired.  A number of federal agencies, including the Federal Bureau of Investigations (FBI) under new Director Kash Patel, have ordered employees to ignore the demand, leaving many federal workers confused as to what to do.

In Congress, the House will continue its efforts to hammer out a massive tax and budget Reconciliation bill in the face of a looming March 14 government shutdown.  Speaker of the House Michael Johnson (R-LA) is hoping to hold a vote on the bill by the end of the week, but likely disagreements among various factions in the Republican Caucus are likely to derail the effort, particularly around efforts aimed at cutting Medicaid.  The Senate passed a $340 budget reconciliation bill (leaving tax for another Reconciliation later this year) on Friday.  President Trump has said he prefers the House strategy of rolling the giant budget and tax bill into "One big, beautiful bill," but Senate Republicans have still moved on their two-bill track as a backup in case the House fails.

Looking at the global economic radar screen, markets are looking to Friday's US PCE release—which the Federal Reserve uses as its favored inflation gauge—which comes after the Conference Board's Consumer Confidence Index on Tuesday and the durable goods report on Thursday. 

In Asia, Japan's CPI data is released on Friday following the PPI print on Tuesday.  In Europe, the European Central Bank's meeting minutes from their January meeting are out on Thursday.  Germany, France, and Italy publish inflation prints on Friday.

Below is what else we are watching around the world this coming week:

Sunday, February 23, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Today is Guyana Republic Day, a national holiday.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Today is Japanese Emperor Naruhito’s 65th birthday.

·       Today is National Day in Brunei, a public holiday.

Economic Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       Germany holds parliamentary elections that will determine the new leadership of the country.  Christian Social Union leader Fredrik Mertz is seen as the likely next Chancellor.  However, it is unclear what sort of coalition he will form to avoid the surging ultra-rightwing AfD Party.

·       Russia celebrates Defender of the Fatherland Day, otherwise known in Russia as Men’s Day, aimed at honoring men who serve in the armed forces.

Economic Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Hezbollah's former Secretary General Sheikh Hassan Nasrallah will be buried in Lebanon.

Economic Reports/Events –

·       Israel Manufacturing Production (December)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Monday, February 24, 2025

Global

·       The UN’s 58th session of the Human Rights Council begins in Geneva, Switzerland.  UN Secretary-General Antonio Guterres will open the session with a keynote speech.

·       The UN Security Council is scheduled to hold a briefing on Ukraine.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Brazil FGV Consumer Confidence (February)/ BCB Focus Market Readout

·       Chile PPI (January)

·       Mexico Mid-month Inflation Rate (February)

·       Canada BoC Gravelle Speech

·       USA Chicago Fed National Activity Index (January)/ Dallas Fed Manufacturing Index (February)

·       Paraguay PPI (January)

·       Peru Current Account Q4

Asia

Political/Social Events –

·       British Business and Trade Secretary Jonathan Reynolds will travel to Delhi, India, for the 15th round of U.K.-India free trade negotiations.

·       Today is the birthday of the Japanese Emperor Naruhito.  Financial markets are closed.

·       Indonesia launches Danantara, a sovereign wealth fund with more than $900 billion in assets under management. Projects to be financed by the new fund are seen as crucial to attracting foreign investment and reaching Jakarta's goal of 8% annual economic growth.

Economic Reports/Events –

·       Masato Kanda becomes Asian Development Bank president, succeeding Masatsugu Asakawa, who stepped down yesterday. Kanda will complete the unexpired term of Asakawa, which ends on November 23, next year.

·       New Zealand Retail Sales Q4/ Credit Card Spending (January)

·       Indonesia M2 Money Supply (January)

·       Thailand Imports/ Exports/ Balance of Trade (January)

·       Singapore Inflation Rate (January)

·       Taiwan M2 Money Supply (January)

Europe

Political/Social Events –

·       The EU Foreign Affairs Council will meet in Brussels. Ministers will discuss the current state of play in Ukraine, the situation in Syria and Lebanon, and the situation in the Democratic Republic of Congo. Israeli Foreign Minister Gideon Saar will attend the meetings.

·       The EU Agriculture and Fisheries Council meets in Brussels.  Ministers will discuss the agricultural markets in the wake of Russia’s invasion of Ukraine. 

·       EU President Ursuala von der Leyen will travel to Ukraine to meet with President Zelensky.

·       The EU-Israel Association Council will meet in Brussels. The meeting will engage in political dialogue, focusing on the conflict in Gaza and Israeli-Palestinian relations, regional issues, including Iran, and global issues.

·       A delegation of the EU Internal Market and Consumer Protection Committee will travel to Washington DC to meet with US Congress, US government entities, academics and industries representatives, as part of efforts to strengthen transatlantic cooperation in key policy areas.

·       A delegation from the EU Economic and Monetary Affairs Committee will go to London to discuss EU-UK relations. They will cover competitiveness and investment, Ukraine’s reconstruction and sanctions against Russia, banking supervision, financial services, and digital finance. MEPs will meet, among others, the Bank of England Deputy Governor, the Financial Secretary to the Treasury and members of House of Lords and House of Commons 

·       Russia celebrates Day of the Defenders of the Motherland.

·       Estonia celebrates Independence Day.  Markets are closed.

Economic Reports/Events –

·       The Bank of England begins a two-day conference at its London conference center on the theme “The Future of the Central Bank Balance Sheet” to promote policy-relevant research in this field by bringing together researchers from academia, central banks and international institutions.

·       Turkey Business Confidence (February)/ Capacity Utilization (February)

·       Switzerland Non-Farm Payrolls Q4

·       Slovakia Inflation Rate (January)

·       Germany Ifo Business Climate (February)/ Ifo Current Conditions (February)/ Ifo Expectations (February)

·       Poland Unemployment Rate (January)/ Retail Sales (January)/ M3 Money Supply (January)

·       Slovenia Business Confidence (February)

·       Euro Area Inflation Rate (January)/ CPI Final (January)

Middle East

Political/Social Events –

·       Turkish President Recep Tayyip Erdogan's ruling AKP party holds congress meeting.

·       UAE President Mohammed bin Zayed al-Nahyan makes a state visit to Italy.

Economic Reports/Events –

·       Israel Interest Rate Decision

·       Lebanon Inflation Rate (January)

·       Qatar M2 Money Supply (January)/ Total Credit Growth (January)

·       Oman M2 Money Supply (December)/ Total Credit (December)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Ivory Coast Inflation Rate (December)/ Inflation Rate (January)

Tuesday, February 25, 2025

Global

·       There will be a virtual meeting of G7 heads of state will be held to discuss potential avenues for a peaceful resolution.

·       Brazil will lead the first BRICS+ Sherpas meeting as president of the bloc in Rio de Janeiro. 

·       The UN Security Council is scheduled to hold a briefing in the Middle East followed by consultations.

·       The UN Biodiversity 2025 Conference resumes sessions for the 16th meeting of the Conference of the Parties to the Convention on Biological Diversity in Rome. Agenda includes securing $200bn annually for biodiversity by 2030.

Americas

Political/Social Events –

·       President Trump hosts French President Emmanuel Macron for meetings on Ukraine and US-EU trade.

Economic Reports/Events –

·       Federal Reserve Board Vice Chair for Supervision Michael S. Barr will give a speech on Financial Stability followed by Q&A at the Yale School of Management in New Haven, Connecticut.

·       Dallas Federal Reserve Bank President Lorie Logan speaks before the 2025 BEAR (Bank of England Agenda for Research) Conference: “The Future of the Central Bank Balance Sheet" in London.

·       Richmond Federal Reserve Bank President Thomas Barkin speaks on “Inflation Then and Now" before the Rotary Club of Richmond.

·       Brazil IPCA mid-month CPI (February)

·       Canada Manufacturing Sales (January)

·       USA Redbook (February/22)/ S&P/Case-Shiller Home Price (December)/ House Price Index (December)/ CB Consumer Confidence (February)/ Richmond Fed Manufacturing & Services Revenues Index (February)/ Dallas Fed Services Index (February)/ Money Supply (January)/ API Crude Oil Stock Change (February/21)

·       Argentina Economic Activity (December)

Asia

Political/Social Events –

·       The 2025 Asia-Pacific Forum on Sustainable Development opens at the UN Conference Center in Bangkok, running until Friday.

·       South Korea's Constitutional Court will hold its final hearing for President Yoon Suk Yeol's impeachment trial.

·       The ASEAN Future Forum 2025 begins in Hanoi, Vietnam.

·       China’s 62nd Intergovernmental Panel on Climate Change (IPCC) begins in the eastern city of Hangzhou.

·       New Zealand's Prime Minister Christopher Luxon will visit Vietnam through February 28 to discuss mutual security and trade issues.

·       India and Japan will conduct joint urban warfare and counterterrorism drills near Mount Fuji. 

·       The Philippines and Japan hold a Defense Ministerial meeting in Manila.

·       Thailand and the U.S. jointly host the 43rd annual Cobra Gold exercise, the largest and longest-running military exercise in Southeast Asia. More than 8,000 personnel from the two host countries as well as Singapore, Indonesia, Japan, South Korea and Malaysia will take part. China, an emerging supplier of military equipment to Thailand, and India will join humanitarian assistance training.

·       The Philippines celebrates People Power Day, commemorating when in 1986 demonstrations took place that began leading to the end of the Marcos regime.

Economic Reports/Events –

·       South Korea Central Bank Interest Rate Decision

·       Malaysia Coincident Index (December)/ Leading Index (December)

·       Taiwan Industrial Production (January)/ Retail Sales (January)

·       Hong Kong Imports/ Exports/ Balance of Trade (January)

·       Thailand New Car Sales (January)

Europe

Political/Social Events –

·       Today is the 3rd anniversary of Russia launching a full-scale invasion of Ukraine, a major escalation of the Russo-Ukrainian war that started in February 2014.

·       The EU General Affairs Council will meet in Brussels.  Ministers will discuss the Future of Europe and the legislative agenda.

·       The European Commission will present its Clean Industrial Deal and its "simplification omnibus" package. 

·       Spanish Prime Minister Pedro Sanchez visits Kyiv for meetings with President Zelensky.

·       NATO countries train in extreme cold conditions in Finland's Lapland during "Arctic Forge 25".

Economic Reports/Events –

European Central Bank Executive Board Member Isabel Schnabel gives a keynote speech at the Bank of England’s Annual Research Conference “The Future of the Central Bank Balance Sheet” in London.

European Union New Car Registrations (January)

·       Germany GDP Growth Rate Q4

·       Hungary Gross Wage (December)/ Deposit Interest Rate (February)/ Interest Rate Decision

·       Slovenia Tourist Arrivals (January)

·       Great Britain CBI Distributive Trades (February)

·       Euro Area Negotiated Wage Growth Q4

·       Spain Consumer Confidence (January)

Middle East

Political/Social Events –

·       Kuwait celebrates National Day. Financial markets are closed.

Economic Reports/Events –

·       Saudi Arabia Imports/ Exports/ Balance of Trade (December)

·       Israel Composite Economic Index (January)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Leading Business Cycle Indicator (December)

Wednesday, February 26, 2025

Global

·       The World Trade Organization holds a three-day trade policy review of Ukraine.

·       The UN Security Council is scheduled to hold a briefing on Sudan, followed by consultations. In the afternoon, it is scheduled to hold consultations on 1718 Committee (dealing with North Korea).

Americas

Political/Social Events –

·       President Trump will hold his first cabinet meeting.

Economic Reports/Events –

·       Richmond Federal Reserve Bank President Thomas Barkin speaks on “Inflation Then and Now" before the Northern Virginia Chamber of Commerce.

·       Atlanta Federal Reserve Bank President Raphael Bostic participates in a conversation on the economic outlook and housing before the Urban Land Institute's annual Housing Opportunity Conference.

·       USA MBA Mortgage Market Index (February/21)/ New Home Sales (January)/ EIA Crude Oil & Gasoline Stocks Change (February/21)/ Fed Bostic Speech/ Building Permits Final (January)

·       Canada Wholesale Sales (January)

·       Colombia Business Confidence (January)

·       Argentina Retail Sales (December)

Asia

Political/Social Events –

·       Defense ministers from the Association of Southeast Asian Nations (ASEAN) hold a retreat on the Malaysian island of Penang to discuss strengthening regional security cooperation and strategic unity. On Friday, the bloc's economy ministers meet at Desaru in Malaysia's southern Johor state.

·       Nikkei’s Japan-India-Africa Business Forum his held in Tokyo.  A number of senior government officials and senior executives from various industries are scheduled to speak.

·       Hong Kong unveils its budget for 2025, as a protracted downturn in the local property market and other factors weigh on the government's finances. Financial Secretary Paul Chan will be in the spotlight as observers look for any signs of changes to the city's low-tax structure, key to its appeal as a financial hub.

·       Indonesia launches its first bullion bank in a move described by President Prabowo Subianto as essential for storing gold reserves extracted from local mines. The new bank is aimed at accommodating Indonesia's growing capability to produce gold bars.

Economic Reports/Events –

·       Australia Construction Work Done Q4/ Monthly CPI Indicator (January)

·       Japan Coincident Index Final (December)/ Leading Economic Index Final (December)

·       Singapore Industrial Production (January)

·       Thailand Interest Rate Decision

·       Taiwan Unemployment Rate (January)/ GDP Growth Rate Q4

·       Hong Kong GDP Growth Rate Q4

Europe

Political/Social Events –

·       UK Prime Minister Kier Starmer travels to Washington, D.C., for meetings with President Trump to discuss trade and Ukraine.

Economic Reports/Events –

·       Bank of England Monetary Policy Committee member Swati Dhingra gives the Dow Lecture, “Trade fragmentation and monetary policy”, at the offices of the think-tank the National Institute of Economic and Social Research in London.

·        

·       Ireland Consumer Confidence (February)

·       Germany GfK Consumer Confidence MAR

·       Hungary Balance of Trade Final (December)

·       France Consumer Confidence (February)

·       Spain PPI (January)

·       Russia Summary of the Key Rate Discussion/ Industrial Production (January)

·       Ireland Construction Output Q4

Middle East

Political/Social Events –

·       The Infotopia 2025 Conference begins in the UAE.

·       Kuwait celebrates Liberation Day, marking the day Iraq was defeated after invading the country in 1991.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Inflation Rate (January)

Thursday, February 27, 2025

Global

·       The G20 Finance Ministers and Central Bank Governors meet in South Africa through February 28.

·       The UN Security Council is scheduled to vote on a draft resolution on the 2713 Committee (sanctions on Al-Shabaab). Afterwards, a briefing on the United Nations peacekeeping operations: Police Commissioners is scheduled to be held in the afternoon.

Americas

Political/Social Events –

·       Anguilla holds parliamentary elections.

·       Ontario Canada holds snap legislative assembly elections.

·       The Dominican Republic celebrates Independence Day, a national holiday.

Economic Reports/Events –

·       Federal Reserve Board Governor Michelle W. Bowman will give a speech on community banking at the Fort Hays State University Robbins Banking Institute Lecture Series, Hays, Kansas.

·       Cleveland Federal Reserve Bank President Beth Hammack speaks on “Financial Stability" before the Columbia University/Bank Policy Institute: 2025 Bank Regulation Research Conference.

·       Philadelphia Federal Reserve Bank President Patrick Harker speaks on the economic outlook before the Lyons Economic Forecast, presented by the University of Delaware's Center for Economic Education and Entrepreneurship.

·       Brazil IGP-M Inflation (February)/ Current Account (January)/ Foreign Direct Investment (January)/ Unemployment Rate (January)

·       Mexico Balance of Trade (January)/ Unemployment Rate (January)

·       Canada Current Account Q4/ Average Weekly Earnings (December)

·       USA Durable Goods Orders (January)/ GDP Price Index Q4/ Initial Jobless Claims (February/22)/ Real Consumer Spending Q4/ Pending Home Sales (January)/ EIA Natural Gas Stocks Change (February/21)/ Kansas Fed Composite & Manufacturing Index (February)/ 15- & 30-Year Mortgage Rate (February/27)/ Kansas Fed Index (February)/ Fed Balance Sheet (February/26)

Asia

Political/Social Events –

·       The ASEAN Economic Ministers' Meeting takes place in Kota Tinggi, Malaysia.

Economic Reports/Events –

·       New Zealand ANZ Business Confidence (February)

·       Great Britain Car Production (January)

·       Australia Building Capital Expenditure Q4/ Plant Machinery Capital Expenditure Q4/ Private Capital Expenditure Q4

·       Taiwan Consumer Confidence (February)

·       Malaysia PPI (January)

·       Philippines Budget Balance (December)

·       Sri Lanka PPI (January)

Europe

Political/Social Events –

·       The European Commission will visit India to advance free trade talks and hold the second meeting of the EU-India Trade and Technology Council through February 28.

Economic Reports/Events –

·       The European Central Bank publishes minutes from the last rate-setting meeting.

·       Turkey Imports/ Exports/ Balance of Trade Final (January)/ Economic Confidence Index (February)/ Foreign Exchange Reserves (February/21)

·       Hungary Unemployment Rate (January)

·       France PPI (January)/ Unemployment Benefit Claims (January)/ Jobseekers Total (January)

·       Slovakia Business and Consumer Confidence (February)

·       Spain Inflation Rate (February)

·       Switzerland GDP Growth Rate Q4

·       Euro Area Loans to Companies & Households (January)/ M3 Money Supply (January)/ Economic Sentiment (February)/ Consumer Confidence Final (February)/ Consumer Inflation Expectations (February)/ Industrial Sentiment (February)/ Selling Price Expectations (February)/ Services Sentiment (February)

·       Italy Business and Consumer Confidence (February)/ Industrial Sales (December)

·       Poland GDP Growth Rate Q4

·       Slovenia Retail Sales (January)

·       Greece Total Credit (January)

Middle East

Political/Social Events –

·       Syria is expected to announce its new government.

Economic Reports/Events –

·       Saudi Arabia M3 Money Supply (January)/ Private Bank Lending (January)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa PPI (January)

Friday, February 28, 2025

Global

·       Ramadan begins in the evening and goes through March 30.

Americas

Political/Social Events –

·       Yamandu Orsi takes office as President of Uruguay.

·       Argentine President Javier Milei gives an annual speech before the Legislative Assembly.

·       Brazil holds Rio Carnival 2025.

Economic Reports/Events –

·       Chicago Federal Reserve Bank President Austan Goolsbee participates in a moderated question-and-answer session before the Stanford Institute of Economic Policy Research 2025 SIEPR Economic Summit.

·       Brazil Gross Debt to GDP (January)/ Nominal Budget Balance (January)/ GDP Growth Rate Q4

·       Canada CFIB Business Barometer (February)/ GDP Growth Rate Annualized Q4/ GDP (December)/ Budget Balance (December)

·       Chile Copper Production (January)/ Industrial Production (January)/ Manufacturing Production (January)/ Retail Sales (January)/ Unemployment Rate (January)

·       USA Core PCE Price Index (January)/ Personal Income & Spending (January)/ Goods Trade Balance Adv (January)/ PCE Price Index (January)/ Retail Inventories Ex Autos (January)/ Wholesale Inventories (January)/ Core PCE Price Index (January)/ Chicago PMI (February)/ Baker Hughes Total Rigs Count (February/28)

·       Colombia Unemployment Rate (January)/ Cement Production (January)

·       Uruguay Unemployment Rate (January)/ Balance of Trade (January)

·       Argentina Tax Revenue (February)

·       Peru Inflation Rate (February)

·       Mexico Fiscal Balance (January)

Asia

Political/Social Events –

·       Taiwan celebrates Peace Memorial Day, a national holiday.

Economic Reports/Events –

·       New Zealand ANZ Roy Morgan Consumer Confidence (February)

·       Japan Tokyo CPI (February)/ Retail Sales (January)/ Foreign Bond Investment (February/22)/ Industrial Production (January)/ Stock Investment by Foreigners (February/22)/ Housing Starts (January)/ Construction Orders (January)

·       Australia Housing Credit (January)/ Private Sector Credit (January)/ CoreLogic Dwelling Prices (February)

·       Philippines Imports/ Exports/ Balance of Trade (January)

·       Singapore Bank Lending (January)/ Import Prices (January)/ Export Prices (January)/ PPI (January)

·       Thailand Industrial Production (January)/ Current Account (January)/ Private Investment & Consumption (January)/ Business Confidence (February)/ Retail Sales (December)

·       Malaysia M3 Money Supply (January)

·       Sri Lanka Inflation Rate (February)/ Balance of Trade (January)

·       India Government Budget Value (January)/ Bank Loan Growth (February/14)/ Deposit Growth (February/14)/ Foreign Exchange Reserves (February/21)/ Infrastructure Output (January)/ GDP Growth Rate Q4/ Fiscal Year GDP Growth 2nd Est 2024-25

·       Pakistan Inflation Rate (February)/ Wholesale Prices (February)

Europe

Political/Social Events –

·       European President Ursula von der Leyen will meet with Indian Prime Minister Narendra Modi in New Delhi.

·       Andalusia celebrates Andalusia Day, celebrating when the region of Spain became autonomous.

Economic Reports/Events –

·       Bank of England Deputy Governor for Markets and Banking Dave Ramsden gives the keynote speech at South Africa’s Stellenbosch University on monetary policy in a world of geopolitical fragmentation.

·       Germany Retail Sales (January)/ Import Prices (January)/ Unemployed Persons (February)/ Unemployment Change (February)/ Unemployment Rate (February)/ Baden Wuerttemberg CPI (February)/ Bavaria CPI (February)/ Brandenburg CPI (February)/ Hesse CPI (February)/ North Rhine Westphalia CPI (February)/ Saxony CPI (February)/ Inflation Rate (February)

·       Turkey GDP Growth Rate Q4/ Unemployment Rate (January)/ Participation Rate (January)

·       Great Britain Nationwide Housing Prices (February)

·       Hungary PPI (January)/ HALPIM Manufacturing PMI (February)

·       Switzerland Retail Sales (January)/ KOF Leading Indicators (February)/ Economic Sentiment Index (February)

·       France Inflation Rate (February)/ GDP Growth Rate Q4/ Household Consumption (January)/ Private & Non-Farm Payrolls Q4

·       Spain Current Account (December)/ Business Confidence (February)

·       Slovenia Inflation Rate (February)/ PPI (January)

·       Greece Retail Sales (December)/ PPI (January)

·       Italy Inflation Rate (February)

·       Ireland Average Weekly Earnings Q4/ Current Account Q4/ GDP Growth Rate Q4/ GNP Q4/ Inflation Rate (February)/ Retail Sales (January)

·       Serbia GDP Growth Rate Q4/ Industrial Production (January)/ Retail Sales (January)/ Unemployment Rate Q4

·       Euro Area ECB Consumer Inflation Expectations (January)

·       Russia M2 Money Supply (January)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Qatar Balance of Trade (January)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa M3 Money Supply (January)/ Private Sector Credit (January)/ Budget Balance (January)/ Balance of Trade (January)

·       Nigeria Foreign Exchange Reserves (February)

·       Zimbabwe Inflation Rate (February)

·       Kenya Inflation Rate (February)

Saturday, March 1, 2025

Global

·       Today is the first day of the meteorological spring.

·       Denmark takes the Chair of the UN Security Council for the month of March.

·       NASA’s Europa Clipper mission is due to make a fly-by of Mars en route to Jupiter’s moon Europa, where it will become the first mission to conduct a detailed scientific investigation of the moon.

Americas

Political/Social Events –

·       Today is the end of the 30-day suspension of US 25% tariffs President Trump is placing on Canada and Mexico.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       South Korea celebrates Independence Movement Day, a national holiday commemorating the protests against Japanese colonial rule.

Economic Reports/Events –

·       South Korea Imports/ Exports/ Balance of Trade (February)

·       China NBS Non-Manufacturing, Manufacturing, & General PMI (February)

Europe

Political/Social Events –

·       Nothing significant to report.

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.

Sunday, March 2, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       The 97th Academy Awards ceremony is held, where they give a bunch of awards for movies most of us have seen or heard of.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Tajikistan holds parliamentary and local elections.

·       Japanese Prime Minister Ishiba faces a deadline to get his proposed budget passed by the lower house of parliament.

Economic Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       Nothing significant to report.

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.