Global Events this Week: February 27 - March 6, 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 27:
> Political Events –
o India’s Manipur state holds assembly elections
o Belarus scheduled to hold constitutional referendum allowing Belarus President Lukashenko to rule until 2035 among other changes
o India and Japan begin “Dharma Guardian 2022,” a 12-day annual joint military drill in India
> Economic Events -
o Japan retail sales (Jan); preliminary industrial production
Monday, February 28:
> Political Events –
♦︎ o Ukrainian representatives tentatively scheduled to meet Russian representatives somewhere near the Ukraine-Belarus border for peace talks “without preconditions” – unclear at this point who will represent each side but will not be the leaders of either Ukraine or Russia
o US Congress comes back into session after being out last week
o United Nations holds 5th session of the Environment Assembly in Nairobi to begin negotiations on a global plastics waste treaty
o The 49th session of the UN Human Rights Council Begins in Geneva to discuss the situation in Ukraine
o Brazil begins Carnival Celebration
o NATO scheduled to being “Brilliant Jump” exercises in Norway
o EU holds informal meetings of ministers re: cohesion policy
o 1st annual Middle East/North Africa Climate Week (MENACW2022)
o World Trade Organization (WTO) Dispute Settlement Body meeting in Geneva
o Spain hosts the Mobile World Congress – the world’s largest mobile phone showcase
> Economic Events –
o Japan January housing starts
o US January advance goods trade balance, preliminary wholesale inventories, February MNI Chicago PMI, Dallas Fed manufacturing activity
o Spain flash HICP
o Australia’s Melbourne Institute inflation gauge (Feb), retail trade (Jan), TD/MI inflation gauge (Feb)
o Australia/New Zealand (ANZ) business outlook (Feb)
o Vietnam CPI, retail sales, industrial output, exports/imports, trade balance
o Thailand current account balance
o Sri Lanka CPI
o India GDP (Oct-Dec YoY)
Tuesday, March 1:
> Political Events –
o President Biden delivers annual State of the Union to the US Congress
o The UAE assumes the presidency of the UN Security Council from Russia
o South Korea celebrates Independence Movement Day
o Indian delegation to visit Pakistan for annual Indus Waters Treaty meeting
o India’s festival of Maha Shivratri (“the Night of Shiva”)
o China expands pilot plan for wealth management companies to better serve retirement savers to Beijing and Shanghai and other cities
o St. David’s Day (celebrating Wales and this year seen as a special celebration of COVID restrictions coming off)
> Economic Events –
o Italy PMIs
o Germany manufacturing PMI, CPI
o France PMIs
o Spain PMIs
o Euro Area PMI
o UK PMIs, mortgage approvals (Jan)
o US Q4 GDP, PMIs, ISM manufacturing (Feb)
o Canada Q4 GDP, PMI
o South Korea exports/imports, trade balance
o China NBS PMI Composite; Caixin PMI Manufacturing
o Indonesia Markit PMI Manufacturing
o Taiwan Markit PMI Manufacturing
o Thailand Markit PMI Manufacturing
o Vietnam Markit PMI Manufacturing
o Philippines Market PMI Manufacturing
o Indonesia PMI
o Reserve Bank of Australia monetary policy decision
o Australia house prices, building approvals, international trade/current account
Wednesday, March 2:
> Political/Social/Religious Events –
♦︎ o Federal Reserve Board Chair Pro Tempore Jay Powell testifies before House Financial Services Committee on Monetary Policy and the State of the Economy
o Ash Wednesday observed globally (Orthodox faith observes it next week)
> Economic Events –
o Germany February unemployment, PMI
o Italy PMI
o Euro Area CPIs (Feb)
o US February ADP employment change
o Japan Ministry of Finance’s corporate surveys
o Australia Q4 GDP
Bank of Canada monetary policy decision
o Federal Reserve releases Beige
o Singapore PMI
o South Korea industrial production, service industry output, Markit PMI (Feb)
Thursday, March 3:
> Political Events –
o Federal Reserve Board Chairman Pro Tempore Jay Powell testifies before the Senate Banking Committee to deliver the Semiannual Monetary Policy Report
o First meeting of the ‘Schengen Council’ of Home Affairs Ministers in Brussels to discuss asylum policy
o Tibet celebrates the Tibetan New Year
o World Book Day celebrations
o US celebrates 91st anniversary of “Star-Spangled Banner” being adopted as national anthem
> Economic Events –
o Malaysia Central Bank meeting
o Japan Consumer Confidence Surveys, jobless rate (Jan)
o Australia PMI (Feb), international trade in goods/services (Jan)
o New Zealand/Australia commodity price index (Feb)
o China PMIs
o Italy PMIs
o Spain PMIs
o France PMIs
o Germany PMIs
o Euro Area PMIs
o UK PMIs
o US PMIs
o Italy unemployment rate (Jan), rate, Euro Area January PPI, unemployment rate, weekly initial jobless claims, February ISM services, January factory orders
o ECB publish account of February meeting
Friday, March 4:
> Political Events –
o Final day for presidential candidates in France to formally announce their intention to run (first round of elections are April 10, run-off between two top contenders to be held April 24)
o China hosts 2022 Paralympic Winter Games in Beijing
> Economic Events –
o France industrial production (Jan)
o Germany retail sales, trade balance
o France industrial production, manufacturing production
o Italy GDP
o UK construction PMI
o Euro Area January retail sales, US February change in nonfarm payrolls, unemployment rate, average hourly earnings
o NZ/ANZ Consumer confidence index (Feb)
o South Korea CPI
o Thailand CPI
o Singapore retail sales
o Hong Kong retail sales
o Philippines CPI
o India exports/imports, trade balance
Saturday, March 5:
> Political Events –
♦︎ o China holds Chinese People’s Political Consultative Conference and National People’s Congress in Beijing to lay out major policy plans going forward
> Economic Events –
o No events/reports of note
Sunday, March 6:
> Political Events –
o US Army/Alaska National Guard host “Arctic Eagle-Patriot” military exercise in Alaska
o EU Development Ministers meet in Brussels
o Pope Francis presides at public consistory in the Vatican for the vote on several canonizations including that of Charles de Foucauld, a famed French soldier, explorer, priest, and martyr killed in the Sahara in 1916
o Anniversary of death of Josef Stalin in 1953
o US Day of Unplugging to remind people to disconnect from their devices
> Economic Events –
o No significant events/reports of note.