Global Events This Week: March 6-13, 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, March 6:
> Political Events –
o US Secretary of State Blinken travels to Riga, Lithuania to meet with Lithuanian President Nauseda, Prime Minister Simonyte, and Foreign Minister Landsberger.
o Saudi Arabia hosts the World Defense Show for the global defense industry (March 6-9)
o 65th Independence Day in Ghana
> Economic Events -
o No significant reports/events
Monday, March 7:
> Political Events –
► o US Secretary of State Blinken travels to Riga, Latvia to meet with Latvian President Levits, Prime Minister Karins, and Foreign Minister Rinkevics
o International Atomic Energy Agency Board of Governors meeting in Vienna
o Thailand’s government and southern rebel groups to commence the latest round of peace talks in Malaysia
► o Possible Russia-Ukraine peace talks in Belarus
o European Climate Conference in Nantes, France
o South African Parliament expected to set date for a no-confidence vote for President Ramaphosa after a long corruption investigation
o Ash Wednesday in the Eastern Orthodox Church (also known as Pure Monday)
> Economic Events –
o China export data (YoY), import data (YoY), trade balance (Feb)
o Germany retail sales, factory orders, current account (Jan)
o European Community Sentix investor confidence
o Japan current account (Jan)
o Brazil PMIs (Feb)
o Russia GDP (Jan-YoY)
o South Africa reserves data, central bank bond holdings
o Cambridge Energy Research Associates holds CERA Week (March 7-11) – watch for significant analysis and forecasts on the oil/gas industry from key speakers including US Energy Secretary Granholm and Senate Energy Committee Chair Joe Manchin (D-WV) and leading global oil/gas CEOs
Tuesday, March 8:
> Political Events –
o US Secretary of State Blinken travels to Estonia to meet with President Karis, Prime Minister Kallas, and Foreign Minister Liimets
o Malaysia’s Johor state begins state elections
► o European Commission scheduled to unveil strategy to boost energy security
o UK Prime Minister hosts in London a meeting of the Visegrad 4 leaders: The Prime Ministers of Poland, Hungary, the Czech Republic, and Slovakia
o EU holds Telecommunications Ministers hold an informal meeting
o Lesotho’s former Prime Minister Thabane and his 3rd wife appear in court on charges of murdering his 2nd wife in 2017
o The Head of US Strategic Command and the Head of US Space Command testify before the Senate Armed Services Committee re: spending requests for Space Command
o West African States Economy Community parliament to hold a five-day session to discuss regional security, Monrovia, Liberia
> Economic Events –
o United States balance of trade (Jan), exports, imports (Jan), wholesale inventories (Jan), API crude oil stock change
o Germany industrial production, industrial output
o Spain industrial production, industrial output
o Italy retail sales
o Euro Area government expenditures, household construction, employment, GDO, gross fix cap
o Taiwan CPI, exports (YoY), imports (YoY), trade balance (Feb)
o India FX reserves
o Japan Leading Economic Index (Jan), Eco Watchers survey (Feb)
o South Africa 4Q GDP; sale of broadband spectrum
o Brazil PPIs
o Canada balance of trade, exports, imports
o Japan GDP Q4, capital expenditures, external demand, private consumption
o Nigerian government presents requests for proposals for potential investors to establish Nigeria Air
o Apple Inc hosts an annual spring product launch where a new low-cost 5G iPhone is expected to be unveiled.
Wednesday, March 9:
> Political/Social/Religious Events –
o South Korean presidential elections
o US Vice President Harris visits Poland and Romania (March 9-11)
o Israeli President Herzog to visit Turkey (March 9-10) – the first visit to Turkey of an Israeli leader since 2008
o US House of Representatives Democrats gather in Philadelphia for issues summit; President Biden to address them
o US Securities and Exchange Commission meets to discuss cybersecurity enforcement
> Economic Events –
o United States mortgage data, EIA’s March gasoline stocks, crude oil stocks, heating oil, refinery crude runs, distillate stocks, crude oil stocks
o China CPI (YoY), PPI (YoY), M2
o France private-sector payrolls, total payrolls
o Italy industrial production
o South Africa Bureau for Economic Research Business Confidence Q1
o Russia CPIs, state budget balance, FX reserves (Feb)
o India consumer confidence (Feb)
o Brazil industrial production (Jan)
o Mexico inflation rate (Feb-YoY)
► o Japan PPIs, auction of 1.64 million barrels of crude oil from its national reserves
Thursday, March 10:
> Political Events –
o Colombian President Duque meets with President Biden to discuss regional and global security concerns
► o European Council heads of state Informal Meeting in Versailles to discuss Russia-Ukraine (March 10-11) – On the agenda is number of applications of former Soviet states to be fast-tracked into EU membership
o NATO finishes crisis management exercise
> Economic Events –
o United States core inflation rates (Feb), initial jobless claims
o China new Yuan loans (Feb), outstanding loan growth (Feb-YoY)
o Brazil business confidence (Mar)
o Euro Area macroeconomic projections
o Italy PPIs
o ECB main refinancing rate, marginal lending facility, deposit facility rate
o ECB President Lagarde holds a press conference
o South Africa current account balance, auctions mobile spectrum.
Friday, March 11:
> Political Events/Social Events –
o European Council informal meeting (continued)
o Chilean President-elect Gabriel Boric inaugurated.
o Colombia’s deadline to register for upcoming presidential elections.
o Kenyan opposition leader Raila Odinga to unveil coalition party for election
o Turkey hosts Antalya Diplomacy Forum
o Djibouti holds municipal elections
o 2nd Anniversary of World Health Organization (WHO) official declaring COVID a worldwide pandemic
o SXSW Conference kicks off tech industry track in Austin, Texas
> Economic Events –
o United States Michigan Consumer Sentiment (Mar), Baker Hughes Oil Rig Count
o Germany CPIs, wholesale price index
o Spain CPIs
o Bank of France industrial sentiment
o Great Britain GDP, industrial production, manufacturing production, balance of trade
o South Korea current account balance (Jan)
o Philippines exports (Jan-YoY), imports (Jan-YoY), trade balance (Jan), industrial production
o Malaysia industrial production (Jan-YoY), manufacturing sales (Jan-YoY),
o India industrial production (Jan-YoY)
o Brazil inflation rate
o Mexico industrial production (Jan-YoY)
o Canada unemployment figures
o Turkey current account, retail sales, industrial production
Saturday, March 12:
> Political Events –
o Turkmenistan holds presidential election following the resignation of President Berdymukhamedov
> Economic Events –
o China Foreign Direct Investment (Feb-YoY)
Sunday, March 13:
> Political Events –
o Colombia holds legislation elections
o Mali holds the first round of parliamentary and presidential elections
o US daylight savings time starts (move your clock forward one hour, lose an hour of sleep…)
o 9th Anniversary of Pope Francis’ election as Pontiff
> Economic Events –
o No significant events/data