Global Events this Week: February 20 - 27, 2022
This is Fulcrum Macro Advisors’ weekly calendar of key political and economic events we are watching in the coming week. We hope this is helpful. Please let us know if you have any questions.
** = Events of particular focus/note
Sunday, February 20:
> Political Events –
o Munich Security Conference (concluding day)
o US and Thailand begin joint “Cobra Gold” military drills
o Russia-Belarus “Allied Resolve” military exercises scheduled to conclude
o India’s Punjab state to hold assembly elections
o Bangladeshi and US Air Force to begin six-day joint exercises
o German President Frank-Walter Steinmeier to visit Senegal to discuss energy access cooperation
> Economic Events -
o Saudi Arabia set to list $3.5 billion government bonds
Monday, February 21:
> Political Events –
o Syrian Foreign Minister Mekdad meets with Russian Foreign Minister Lavrov in Moscow
o EU Foreign Affairs Council meets in Brussels to discuss Russian military buildup
o EU-UK Withdrawal Agreement Joint Committee to meet
o EU Agriculture & Fisheries Council meets in Brussels
o Informal meeting of EU Transport Ministers in Brussels
o Financial Action Task Force’s (FATF) Plenary Meetings begin in Paris (and go until March 4th)
o US President’s Day holiday – US Congress out of session for the week
o Australia fully reopens borders to vaccinated travelers
> Economic Events -
o Germany PPI (YoY Jan and MoM Jan), Markit services, manufacturing, services, composite PMIs
o Australia manufacturing PMI
o Japan PMIs (Feb), central government debt (Jan)
o Euro area PMIs (Feb)
o UK PMIs (Feb)
o Russia monetary policy report
o China loan prime rates, house price index (Jan)
o South Korea consumer confident (Feb)
Tuesday, February 22:
> Political Events –
o France hosts Indo-Pacific Forum in Paris
o UN Security Council to discuss the Central African Republic and UN Peacekeeping mission in the country
o EU General Affairs Council meets in Brussels
> Economic Events –
o US Conference Board Consumer Confidence (Feb), US Richmond Fed Manufacturing (Feb), S&P/Case-Shiller 20-City (Dec), Markit PMIs flash (Feb)
o German IFO Survey (Feb)
o Turkey business confidence (Feb), capacity utilization (Feb)
o UK public sector net borrowing (Feb), CBI industrial trends orders (Feb)
o India loan growth (Jan)
o Italy inflation rate
o South Africa inflation rate, unemployment rate (Q4)
o Argentina balance of trade (Jan)
o South Korea business confidence (Feb)
o Australia construction work done (Q4), wage price index (Q4), wage-price indexes
o India M2 money supply (Jan)
Wednesday, February 23:
> Political Events –
o UN General Assembly is scheduled to hold a debate on Ukraine.
o Pakistani Prime Minister Imran Khan visits Russia to meet President Putin
> Economic Events –
o Euro area CPI (Jan)
o US MBA mortgage rates/applications/refi’s/market index
o Germany GfK consumer confidence (March)
o France Business Confidence (Feb)
o Brazil mid-month CPIs, current account and foreign direct investment (Jan)
o South Korea PPIs, interest rate decision
o South African Finance Minister delivers FY2022 budget statement to Parliament
o World Trade Organization holds General Council meeting in Geneva
o Australia wage price index, building cap. Index, plant machinery cap., private cap.
o Argentina economic activity (Dec), leading indicator (Jan)
Thursday, February 24:
> Political Events –
o US Secretary of State Blinken tentatively set to meet Russian Foreign Minister Lavrov in Geneva
o EU Competitiveness Council meets in Brussels
o Eurogroup meeting in Paris
> Economic Events –
o US GDP (4Q), personal consumption (4Q), new homes sales (Jan), employment numbers, PCE price numbers, real consumer spending figures, Energy Information Agency gasoline/oil figures
o Brazil balance of trade (Dec), unemployment, banking lending numbers
o France consumer confidence (Feb), industrial sales (Dec)
o Italy industrial sales
o South Africa PPIs
o Canada CFIB business barometer (Feb), manufacturing sales, average weekly earnings (Dec)
o Turkey’s Central Bank meeting, FX reserve numbers
o UK CBI distribute trades (Feb)
o New Zealand trade balance (Jan)
o Australia CAPEX (Q4)
o Mexico Central bank meeting minutes, mid-month core inflation, retail sales
Friday, February 25:
> Political Events –
o Italian Prime Minister Draghi tentatively to meet Russian President Putin in Moscow
o Informal meeting of EU finance and economic ministers in Brussels
> Economic Events –
o US Durable goods, PCE Core Deflation (Jan), Michigan Consumer Sentiment (Feb), home sales (Jan), US Personal income/spend (Jan)
o Euro Area consumer confidence/services/economic sentiment reports (Feb), loans to households, loans to companies
o Japan leading economic index (final), coincident index (final)
o Germany GDP growth rate, import prices (Jan)
o France unemployment figures
o Canada wholesale sales (Jan), budget balance (Dec)
o Spain business confidence (Feb)
o Russia industrial production (Jan)
o Brazil budget balance
o India FX Reserves (Feb), bank loan growth
o Mexico balance of trade (final), economic activity (final)
o Turkey economic confidence index (Feb)
o France PPIs, GDP growth, household consumption figures
o New Zealand retail sales (Q4)
o Argentina consumer confidence
Saturday, February 26:
> Political Events –
o No significant events of note
> Economic Events –
o No events/reports of note
Sunday, February 27:
> Political Events –
o India’s Manipur state holds assembly elections
o Belarus scheduled to hold a referendum on Constitution
> Economic Events –
o Japan retail sales, industrial production
Australia Inflation gau