The Global Week Ahead

Written By Francis Kelly

February 25 - March 3, 2024

Sunday, February 25, 2024

This coming week, there will be a keen global focus on the U.S. House of Representatives, which is returning to work after a ten-day break for two big reasons. First, the federal government will begin to shut down on March 1 unless the House can agree on a spending plan this week. Conservative Republicans oppose passing another short-term spending bill (as does Speaker of the House Michael Johnson (R-LA).

Secondly, tied up in this ongoing political drama is the question of what the House will do about passing a critical aid package for Ukraine (and Israel and Taiwan) to help shore up the beleaguered nation’s defenses in the face of a mounting Russian counter-attack. The same group of conservative House Republicans are opposed to voting on the package unless there are more robust U.S. border security measures than those negotiated by Republican and Democratic senators earlier this month.   As of this writing, a continued stalemate is likely on the U.S. budget and the Ukraine aid bill – which means a government shutdown is likely.

As uncertainty and concern grow over how to assist Ukraine, French President Emmanuel Macron has called an ad-hoc meeting of E.U. leaders in Paris on Monday to shore up E.U. support for Ukraine going forward. What comes out of that meeting may impact the U.S. House to speed up consideration of the Ukraine aid package. The meeting also comes the day before The E.U. presents its new Defense Industrial Strategy (EDIS) and European Defense Investment Program (EDIP). Both were developed to help restock and acquire new defense equipment and technology. 

Meanwhile, markets will watch the G20 Finance Minister and Central Bank Governor meetings in São Paul, Brazil, this week. Brazil is the chair of the G20 this year. But it is also a member of the BRICs, and Brazilian President Luiz Inácio Lula da Silva (“Lula”) is taking advantage of the meeting to gather the BRICS finance ministers and central bank governors together for their first-ever meeting just before the G20 meetings.  

Another major global meeting this week is the 13th Ministerial Conference (MC13) of the World Trade Organization (WTO), held in Abu Dhabi. With all the continuous chatter about the death of globalization and free trade, the meeting outcomes will be closely watched to see just how true or false that chatter has been.

Turning to the global economic radar screen, markets will be looking at the Fed’s favorite inflation measure, the PCE, to give some new indication of when the Fed may begin to lower rates. 

A number of Fed Governor speeches are scheduled this week, too, which may help guide markets a bit more on what to expect.  

In Asia, China releases PMI data, while Japan is scheduled to release CPI data. In Europe, Germany and France are scheduled to release PMI prints and major labor market data releases from across the Eurozone.

Here is what else we are watching around the world in the coming week:

Sunday, February 25, 2024:

Global

  • Israel is expected to send formal notification to the International Court of Justice in the Hague in response to a Court order last month in the wake of South Africa’s accusations Israel has committed genocide in its invasion of the Gaza Strip.

 

Americas

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

Asia

Political/Social Events –

Economic Reports/Events –

  • Nothing significant to report.

 

Europe

Political/Social Events –

  • Belarus holds parliamentary elections.

  • The EU Foreign Affairs Council (Trade) meets in Abu Dhabi through February 29.  The meeting will be held on the margins of the 13th Ministerial Conference (MC13) of the World Trade Organization (WTO), which will be held in Abu Dhabi, United Arab Emirates, from 26 to 29 February 2024.

  • Junior doctors in the UK begin a five-day walkout over pay.  They are expected to be back by midnight on February 29.

Economic Reports/Events –

  • Nothing significant to report.

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Israel Composite Economic Index

 

Africa

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

 

Monday, February 26, 2024 

Global

 

Americas

Political/Social Events –

  • The U.S. Senate will sit for the impeachment trial of Homeland Security Secretary Alejandro Mayorkas.  The eventual impeachment vote is widely expected to fail.

  • Argentina’s Union of State Employees (ATE) will have its transportation and health workers strike over the government's austerity program.

Economic Reports/Events –

  • Kansas City Federal Reserve Bank President Jeffrey Schmid to speak on the economic and monetary policy outlook before the Economic Club of Oklahoma City.

  • Canada Manufacturing Sales Prel (January)

  • Colombia Business Confidence (January)

  • USA New Home Sales (January), Dallas Fed Manufacturing Index (February), 3-Month, 6-Month, 2-Year, 5-Year Note Auction, Building Permits Final (January)

 

Asia

Political/Social Events –

  • China’s National People’s Congress Standing Committee will meet for two days to prepare the final agenda for the Congress’ annual meeting, which starts on March 5.  The agenda is expected to focus on the national budget, socio-economic development planning for 2024, and other domestic issues.

  • Thailand and the U.S. will hold the annual Cobra Gold military exercises, the longest-running military exercises in Southeast Asia.  More than 30 countries will participate and will involve more than 4,000 soldiers.

Economic Reports/Events –

  • Singapore Industrial Production (January)

 

Europe

Political/Social Events –

  • French President Emmanuel Macron will host a meeting of EU leaders in Paris to discuss Ukraine support and how the EU can further bolster aid.

  • The EU Agriculture and Fisheries Council meets in Brussels.  They are expected to exchange views on ways of ensuring rapid and structural responses to the current crisis that the agricultural sector is facing.  Farmers across the EU have been protesting over restrictive climate change requirements, competitive agricultural issues, and other matters for weeks.

  • There will be an informal meeting of the EU Gender Equality Ministers through February 27 in Brussels.

  • Czech Prime Minister Petr Fiala will meet Polish Prime Minister Donald Tusk in Prague, Czech Republic.

  • The Hungarian parliament reconvenes after a multiweek break and is expected to vote on Sweden’s NATO accession.

  • Verdi, one of Germany’s largest unions, has called for a nationwide six-day transport strike over wages.

  • The Mobile World Congress begins in Madrid, Spain, and goes through February 29.  It is the world’s biggest event focusing on mobile communications. Speakers include Vodafone chief executive Margherita Della Valle and Dell Technologies chair and CEO Michael Dell.

Economic Reports/Events –

  • ECB President Christine Lagarde participates in a plenary debate on the ECB Annual Report 2022 in Strasbourg, France.

  • Bank of England Deputy Governor Sarah Breeden opens the Bank of England Agenda for Research (BEAR) conference in London.

  • Spain PPI (January)

  • Ireland Construction Output (Q4)

  • Great Britain CBI Distributive Trades (February)

  • France 3-, 6-, 12-Month BTF Auction

 

Middle East

Political/Social Events –

  • Kuwait celebrates Liberation Day, marking the day the country was liberated from Iraqi occupation in 1999.

Economic Reports/Events –

  • Israel Interest Rate Decision

 

Africa

Political/Social Events –

  • Senegal will hold a national dialogue through Feb. 27 to reach an agreement on a new date for the country's postponed presidential election.

Economic Reports/Events –

  • Nothing significant to report.

 

 

Tuesday, February 27, 2024 

Global

 

Americas

Political/Social Events –

  • Michigan holds its 2024 presidential primary.

  • The Dominican Republic celebrates Independence Day, marking the day in 1844 the country gained independence from Haiti.

Economic Reports/Events –

  • Federal Reserve Vice Chair for Supervision Michael Barr gives a virtual speech on “Counterparty Credit Risk” at the Conference on Counterparty Risk Management.

  • Brazil BCB Focus Market Readout, Current Account (January), Foreign Direct Investment (January), IPCA mid-month CPI (February)

  • Mexico Balance of Trade (January)

  • USA Durable Goods Orders (January), Durable Goods Orders Ex Transportation, Defense, and Non-Defense (January), Redbook (Feb/24), S&P/CaseShiller Home Price DEC, House Price Index DEC, CB Consumer Confidence (February), Richmond Fed Manufacturing and Services Index (February), Dallas Fed Services Index, 7-Year Note Auction, API Crude Oil Stock Change (Feb/23)

  • Argentina Retail Sales DEC

 

Asia

Political/Social Events –

  • Hong Kong will announce its annual budget for 2024-2025.  Hong Kong’s Financial Secretary has predicted a deficit of more than $100 million HK dollars, double the initial estimates.  Analysts believe the deficit is a result of declining land values and smaller stamp duties.

Economic Reports/Events –

  • Japan Inflation Rate (January)

  • Malaysia PPI (January)

  • Vietnam Foreign Direct Investment (February)

  • Taiwan Export Orders (January), Current Account (Q4), M2 Money Supply (January)

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

  • Singapore 20 Year Bond Yield, MAS 12- and 4-Week Bill Auction

 

Europe

Political/Social Events –

Economic Reports/Events –

 

Middle East

Political/Social Events –

  • Israel holds municipal elections.

  • Russian Deputy Prime Minister Alexander Novak is expected to travel to Tehran to participate in the Iran-Russia Intergovernmental Commission on Trade and Economic Cooperation.  The two countries may announce the signing of a deal creating a gas hub.

Economic Reports/Events –

  • Qatar GDP Growth Rate Q3

 

Africa

Political/Social Events –

  • Nigeria’s coalition of trade unions will protest nationally through February 28 over the rising cost of living.

Economic Reports/Events –

  • Zimbabwe Inflation Rate (February)

  • Nigeria Interest Rate Decision

 

 

Wednesday, February 28, 2024 

Global

 

Americas

Political/Social Events –

Economic Reports/Events –

  • Atlanta Federal Reserve Bank President Raphael Bostic to speak on monetary policy and the economy before the Greater North Fulton Chamber of Commerce, Fulton County, Georgia.

  • Boston Federal Reserve Bank President Susan Collins to speak and participate in a fireside chat before an event hosted by the Center for Business, Government, and Society at the Dartmouth College Tuck School of Business.

  • New York Federal Reserve Bank President John Williams to participate in a hybrid economic briefing organized by the Long Island Association.

  • Brazil IGP-M Inflation (February), Bank Lending (January)

  • Chile Unemployment Rate (January)

  • USA MBA 30-Year Mortgage Rate (Feb/23), MBA Mortgage Applications (Feb/23), MBA Mortgage Market Index (Feb/23), MBA Mortgage Refinance Index (Feb/23), MBA Purchase Index (Feb/23), GDP Growth Rate  2nd Est (Q4), GDP Price Index  2nd Est (Q4), Goods Trade Balance Adv (January), Retail Inventories Ex Autos  Adv (January), Wholesale Inventories  Adv (January), Core PCE Prices  2nd Est (Q4), GDP Sales  2nd Est (Q4), PCE Prices  2nd Est (Q4), Real Consumer Spending  2nd Est (Q4), EIA Crude Oil Stocks Change (Feb/23), EIA Gasoline Stocks Change (Feb/23), EIA Crude Oil Imports Change (Feb/23), EIA Cushing Crude Oil Stocks Change (Feb/23), EIA Distillate Fuel Production Change (Feb/23), EIA Distillate Stocks Change (Feb/23), EIA Gasoline Production Change (Feb/23), EIA Heating Oil Stocks Change (Feb/23), EIA Refinery Crude Runs Change (Feb/23), NY Fed Treasury Purchases 22.5 to 30 yrs, 17-Week Bill Auction, Fed Bostic Speech

  • Canada Current Account (Q4), Average Weekly Earnings DEC

  • Uruguay Unemployment Rate (January)

 

Asia

Political/Social Events –

Economic Reports/Events –

  • Australia Construction Work Done (Q4), Monthly CPI Indicator (January), CoreLogic Dwelling Prices (February), RBA Payments System Board Meeting

  • New Zealand RBNZ Interest Rate Decision and Press Conference

  • Thailand Industrial Production (January), Retail Sales DEC

  • Japan Coincident Index Final DEC, Leading Economic Index Final DEC

  • Hong Kong GDP Growth Rate Final (Q4)

  • Sri Lanka Balance of Trade (January)

 

Europe

Political/Social Events –

Economic Reports/Events –

  • ECB President Christine Lagarde and ECB Board Member Cipollone will participate in the G20 Finance Ministers' and Central Bank Governors' meeting in São Paulo, Brazil.

  • ECB Board Member Elizabeth McCaul gives a keynote speech at an industry outreach conference on counterparty credit risk management (CCR) organized by the Federal Reserve Bank of New York in collaboration with the Basel Committee on Banking Supervision (BCBS) in New York

  • Bank of England Monetary Policy Committee member Catherine Mann speaks at the Financial Times’s Future Forum online event.

  • Turkey Balance of Trade Final (January), Economic Confidence Index (February), Exports and Imports Final (January)

  • Slovakia Business Confidence (February), Consumer Confidence (February)

  • Italy Business Confidence (February), Consumer Confidence (February), 10- and 5-Year BTP Auction

  • Switzerland Economic Sentiment Index (February)

  • Slovenia harmonized Inflation Rate (February), Retail Sales (January)

  • Euro Area Economic Sentiment (February), Consumer Confidence Final (February), Consumer Inflation Expectations (February), Industrial Sentiment (February), Selling Price Expectations (February), Services Sentiment (February), ECB McCaul Speech

  • Ireland Retail Sales (January)

  • Great Britain 7-Year Treasury Gilt Auction

  • Germany 15-Year Bund Auction

  • Spain Business Confidence (February)

  • Russia Unemployment Rate (January), Business Confidence (February), Corporate Profits DEC, Industrial Production (January), Real Wage Growth DEC, Retail Sales  (January), GDP  (January), GDP (December)

 

Middle East

Political/Social Events –

 

Africa

Political/Social Events –

  • The 56th session of the Economic Commission for Africa will take place in Victoria Falls, Zimbabwe. Ministers for finance and economic development, alongside central bank governors, will discuss Africa’s development agenda.

Economic Reports/Events –

  • Nothing significant to report.

  

 

Thursday, February 29, 2024

Global

  • It is Leap Day.

 

Americas

Political/Social Events –

  • U.S. Secretary of Defense Lloyd Austin will testify before the House Armed Services Committee to explain his recent secret hospitalization.

Economic Reports/Events –

  • Cleveland Federal Reserve Bank President Loretta Mester to speak on "Financial Stability/Regulation" before the Columbia University/Bank Policy Institute 2024 Bank Regulation Research Conference in New York.

  • New York Federal Reserve Bank President John Williams to participate in a moderated discussion before hybrid Citizens Budget Commission 92nd Annual Gala in New York.

  • Atlanta Federal Reserve Bank President Raphael Bostic to speak on the economic outlook, monetary policy and the state of the banking industry before the 2024 Banking Outlook Conference hosted by the Federal Reserve Bank of Atlanta.

  • Brazil Gross Debt to GDP (January), Nominal Budget Balance (January), Unemployment Rate (January)

  • Canada CFIB Business Barometer (February), GDP Growth Rate Annualized (Q4), GDP Implicit Price (Q4), 2-Year Bond Auction

  • Chile Copper Production (January), Industrial Production (January),  Manufacturing Production  (January), Retail Sales  (January)

  • Mexico Unemployment Rate (January)

  • USA Core PCE Price Index  (January), Personal Income  (January), Personal Spending  (January), Initial Jobless Claims (Feb/24), PCE Price Index  (January), Continuing Jobless Claims (February)/17, Core PCE Price Index  (January), Jobless Claims 4-week Average (Feb/24), Chicago PMI (February), Pending Home Sales  (January), EIA Natural Gas Stocks Change (Feb/23), Fed Bostic Speech, Fed Goolsbee Speech, Kansas Fed Composite Index (February), Kansas Fed Manufacturing Index (February), 4- and 8-Week Bill Auction, 15-, 30-Year Mortgage Rate (Feb/28), Fed Mester Speech

  • Colombia Cement Production (January), Unemployment Rate (January)

  • Uruguay Balance of Trade (January)

 

Asia

Political/Social Events –

Economic Reports/Events –

  • Bank of Japan Member of the Policy Board Hajime Takata gives a speech at a meeting with local business leaders in Shiga, Japan.

  • Japan Industrial Production Prel (January), Retail Sales (January), Foreign Bond Investment (Feb/24), Industrial Production Prel (January), Retail Sales (January), Stock Investment by Foreigners (Feb/24), 2-Year JGB Auction, Housing Starts (January), Construction Orders (January)

  • New Zealand ANZ Business Confidence (February)

  • Australia Housing Credit (January), Retail Sales Prel (January), Building Capital Expenditure (Q4), Plant Machinery Capital Expenditure (Q4), Private Capital Expenditure (Q4), Private Sector Credit (January)

  • Singapore Bank Lending (January), Export Prices (January), Import Prices (January), PPI (January), 6-Month T-Bill Auction

  • Vietnam Balance of Trade (February), Industrial Production (February), Inflation Rate (February), Retail Sales (February), Tourist Arrivals (February)

  • Philippines Budget Balance DEC

  • Malaysia M3 Money Supply (January)

  • Thailand Current Account (January), Private Investment and Consumption (January)

  • Taiwan GDP Growth Rate Final (Q4), Industrial Production (January), Retail Sales (January), Unemployment Rate (January)

  • Sri Lanka Inflation Rate (February)

  • India Government Budget Value (January), Infrastructure Output (January), GDP Growth Rate (Q4), Fiscal Year GDP Growth Final 2023-24

  • Pakistan Consumer Confidence (February)

 

Europe

Political/Social Events –

  • Russian President Vladimir Putin will give his annual address to the Russian Federal Assembly.   The speech is constitutionally required and will likely focus on the state of the Russian economy and the state of the War on Ukraine.

  • There will be an informal meeting of EU education ministers in Brussels through March 1.

  • In the UK, there will be a parliamentary by-election in Rochdale.

Economic Reports/Events –

  • France Non-Farm Payrolls (Q4), Private Non-Farm Payrolls Final (Q4), Inflation Rate Prel (February), GDP Growth Rate Final (Q4), Inflation Rate Prel (February), Harmonized Inflation Rate Prel (February), Household Consumption (January), PPI (January)

  • Germany Retail Sales (January), Unemployed 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 Prel (February), Harmonized Inflation Rate Prel (February)

  • Turkey GDP Growth Rate (Q4), MPC Meeting Summary, Foreign Exchange Reserves (Feb/23)

  • Hungary PPI (January)

  • Spain Inflation Rate Prel (February), Core Inflation Rate Prel (February), Harmonized Inflation Rate Prel (February), Current Account DEC

  • Switzerland GDP Growth Rate (Q4), KOF Leading Indicators (February)

  • Italy Industrial Sales DEC

  • Poland GDP Growth Rate Final (Q4)

  • Slovenia CPI (February), Inflation Rate (February)

  • Great Britain BoE Consumer Credit (January), Mortgage Approvals (February), Mortgage Lending (January), M4 Money Supply (January), Net Lending to Individuals (January), Nationwide Housing Prices (February)

  • Greece PPI (January), Retail Sales DEC

  • Ireland Harmonized Inflation Rate Prel (February)

  • Serbia GDP Growth Rate Final (Q4), Industrial Production (January), Retail Sales (January), Unemployment Rate (Q4)

  • Russia M2 Money Supply (January)

 

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 –

  • Zimbabwe M3 Money Supply (January), Private Sector Credit (January), PPI  (January), Balance of Trade (January)

  • Nigeria Foreign Exchange Reserves (February)

  • Kenya Inflation Rate (February)

  • South Africa Budget Balance (January)

  

 

Friday, March 1, 2024

Global

  • Japan assumes the chair of the UN Security Council for the month of March.

  • Today is the first day of the meteorological spring (winter in the Northern Hemisphere is almost over!).

 

Americas

Political/Social Events –

Economic Reports/Events –

  • Federal Reserve Board Governor Christopher Waller responds to a paper entitled “Quantitative Tightening Around the Globe: What Have We Learned?” at the 2024 U.S. Monetary Policy Forum in New York.

  • Federal Reserve Board Governor Adriana D. Kugler gives a speech entitled “Pursuing the Dual Mandate”  at the 2024 Stanford Institute for Economic Policy Research Economic Summit, Stanford, California.

  • San Francisco Federal Reserve Bank President Mary Daly to participate in panel, "AI and the Labor Market" before the 2024 U.S. Monetary Policy Forum hosted by the Chicago Booth School of Business.

  • Atlanta Federal Reserve Bank President Raphael Bostic to speak on the economic outlook and real estate trends before the University of Florida's Kelley A. Bergstrom Real Estate Center 2024 Trends and Strategies Conference.

  • Brazil IPC-Fipe Inflation (February), GDP Growth Rate (Q4), S&P Global Manufacturing PMI (February)

  • Mexico Foreign Exchange Reserves (January), Business Confidence (February), S&P Global Manufacturing PMI (February), Fiscal Balance (January)

  • Chile IMACEC Economic Activity (January)

  • Canada S&P Global Manufacturing PMI (February)

  • USA S&P Global Manufacturing PMI Final (February), ISM Manufacturing PMI (February), ISM Manufacturing Employment (February), Michigan Consumer Sentiment Final (February), Construction Spending  (January), ISM Manufacturing New Orders/Prices (February), Michigan 5 Year Inflation Expectations Final (February), Michigan Consumer Expectations Final (February), Michigan Current Conditions Final (February), Michigan Inflation Expectations Final (February), Baker Hughes Oil Rig Count MAR/01, Baker Hughes Total Rigs Count MAR/01

  • Colombia Davivienda Manufacturing PMI (February)

  • Peru Inflation Rate (February)

  • Argentina Tax Revenue (February)

 

Asia

Political/Social Events –

  • South Korea celebrates Independence Movement Day, marking the day in 1919 when one of the first public displays of resistance against Japanese occupation occurred.

Economic Reports/Events –

  • New Zealand ANZ Roy Morgan Consumer Confidence (February), Building Permits (January)

  • Australia Judo Bank Manufacturing PMI Final (February), Commodity Prices (February)

  • Japan Unemployment Rate (January), Jobs/applications ratio (January), Jibun Bank Manufacturing PMI Final (February), Consumer Confidence (February)

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

  • Indonesia S&P Global Manufacturing PMI (February), Inflation Rate (February), Tourist Arrivals (January)

  • Malaysia S&P Global Manufacturing PMI (February)

  • Philippines S&P Global Manufacturing PMI (February), PPI (January)

  • Taiwan S&P Global Manufacturing PMI (February), Consumer Confidence (February)

  • Thailand S&P Global Manufacturing PMI (February), Imports/ Exports/ Balance of Trade (January), Business Confidence (February)

  • Vietnam S&P Global Manufacturing PMI (February)

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

  • India HSBC Manufacturing PMI Final (February), Foreign Exchange Reserves (Feb/23),

  • Kazakhstan Tengri Partners Manufacturing PMI (February), Inflation Rate (February)

  • Hong Kong Retail Sales (January)

  • Pakistan Balance of Trade (February), Inflation Rate (February), Wholesale Prices (February)

 

Europe

Political/Social Events –

Economic Reports/Events –

  • Bank of England Chief Economist Huw Pill will give a speech at the Cardiff University Business School, Cardiff, UK.

  • Ireland AIB Manufacturing PMI (February), Average Weekly Earnings (Q4), Current Account (Q4)

  • Russia S&P Global Manufacturing PMI (February)

  • Turkey Istanbul Chamber of Industry Manufacturing PMI (February)

  • Hungary Balance of Trade Final DEC, GDP Growth Rate Final (Q4), HALPIM Manufacturing PMI (February)

  • Switzerland Retail Sales (January), procure.ch Manufacturing PMI (February)

  • Poland S&P Global Manufacturing PMI (February)

  • Spain HCOB Manufacturing PMI (February), New Car Sales (February)

  • Italy HCOB Manufacturing PMI (February), Unemployment Rate (January), Full Year GDP Growth 2024, Inflation Rate Prel (February), harmonized Inflation Rate Prel (February), Government Budget 2023, New Car Registrations (February)

  • France HCOB Manufacturing PMI (February)

  • Germany HCOB Manufacturing PMI (February)

  • Euro Area HCOB Manufacturing PMI (February), Inflation Rate (February), Unemployment Rate (January), CPI Flash (February)

  • Greece S&P Global Manufacturing PMI (February), Unemployment Rate (January)

  • Great Britain S&P Global Manufacturing PMI Final (February)

  • Ukraine Current Account (January)

 

Middle East

Political/Social Events –

  • Iran will hold elections for the 290-seat parliament and the 88-seat Assembly of Experts.  the Assembly of Experts serves to advise Supreme Leader Ayatollah Ali Khamenei.

  • Turkey will host the 3rd Antalya Diplomacy Forum.  More than 20 heads of state and 80 ministers will attend the event, which runs through March 3.   The theme of the forum is “Advancing Diplomacy in Times of Turmoil.”

Economic Reports/Events –

  • Nothing significant to report.

 

Africa

Political/Social Events –

  • The Russia-Tanzania Conference will be hosted by the Institute for African Studies of the Russian Academy of Sciences in Dar es Salaam. 

Economic Reports/Events –

  • Nigeria Stanbic IBTC Bank Nigeria PMI (February)

  • South Africa ABSA Manufacturing PMI (February), Total New Vehicle Sales (February)

 

 

 

Saturday, March 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 –

  • Singapore SIPMM Manufacturing PMI (February)

 

Europe

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Spain Unemployment Change (February)

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

Africa

Political/Social Events –

  • Today is Adwa Victory Day in Ethiopia, celebrating the country’s victory over Italy in 1896.

Economic Reports/Events –

  • Nothing significant to report.

 

Sunday, March 3, 2024

Global

  • Nothing significant to report.

 

Americas

Political/Social Events –

  • El Salvador holds local elections.

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 –

  • Today is Bulgaria Liberation Day, celebrating the Treaty of San Stefano, recognizing the nation’s independence in 1879.

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 –

  • Senegal has a constitutional deadline today to hold presidential elections (which they are likely to fail to do).

Economic Reports/Events –

  • Nothing significant to report.

 

 

Francis Kelly
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