The Global Week Ahead
February 18 - 26, 2024
The coming week is one of sad anniversaries and a likely major geopolitical inflection point in the Middle East. It is also a big week the U.S. presidential campaigns as to whether or not former President Donald Trump can lock up the Republican nomination for president.
First, to the anniversary: Saturday will be the second anniversary of Russia’s (second) invasion of Ukraine. We say “second” to remind readers President Vladimir Putin first militarily invaded the Donbas and Crimean regions of Ukraine in 2014, annexing them under Russian control. After signing the Minsk Agreements in 2015 to cease military actions against Ukraine, he then broke those agreements when he launched a full-scale invasion of Ukraine in 2022.
The major geopolitical inflection point we will be watching closely this week is Israel’s pending ground offensive against Hamas forces in Rafah, the last Palestinian refuge on the southern edge of the Gaza Strip. Global leaders ranging from President Joe Biden to numerous leaders who gathered at the Munich Security Conference this past weekend have strongly urged Israeli Prime Minister Benjamin Netanyahu to not press ahead with the assault, seeking ways to find a negotiated cease-fire in return for Israeli hostages held by Hamas. As those negotiations have proven fruitless, it appears Netanyahu will press forward, likely to prove a turning point in Israeli-U.S. relations.
Staying on geopolitical events taking place this week, markets will watch closely as Brazil hosts a meeting of G20 foreign ministers in Rio de Janeiro. Brazil is the chair of the G20 in 2024, and Brazilian President Lula da Silva (“Lula”) appears determined to use the opportunity to bring greater world focus on Southern Tier issues ranging from hunger to sustainable development to having a more significant say in global governance. Over the weekend, Lula inflamed relations with Israel by comparing the military campaign in Gaza to the Holocaust. The situations in Gaza, the Red Sea, and Ukraine will be keen discussion points. But with Russian Foreign Minister Sergey Lavrov attending the meetings, any new resolutions among foreign ministers aimed either at Russia or Iran are likely to be blocked.
Also, this coming week, the E.U. is expected to deploy 700 soldiers – mainly from Germany, France, and Italy – to support further military operations in the Red Sea against Iranian-backed Houthi attacks on commercial shipping. Germany already has a defense frigate participating in the joint operation with U.S. and U.K. naval ships.
Here in the U.S., the Republican Presidential Primary in South Carolina will be held Saturday. Most observers see it as the last obstacle to former President Donald Trump’s path to renomination if he can beat former South Carolina Governor Nikki Hailey. Current polls suggest Trump is well ahead of Hailey.
The U.S. Congress is out of session for the Presidents Day holiday this week. But when they return, they face yet another imminent deadline of March 1 to pass the 2024 budget – or another Continuing Resolution to keep the government open. Additionally, House Republican leadership faces growing pressure also to take up and pass a $95 billion aid package for Ukraine, Israel, and Taiwan. House Speaker Michael Johnson (R-LA) has said he does not intend to bring up the Senate-passed package for a vote unless it contains provisions providing greater security on the U.S. southern border.
Turning to the significant global economic and financial calendar this week, markets will focus on the release of the Federal Reserve’s meeting minutes on Wednesday and the European Central Bank’s minutes being released on Thursday. Markets will also look at China’s monetary policy decision this Sunday before Chinese markets reopen Monday following the Lunar New Year holiday. Otherwise, it is a relatively light economic release calendar this week.
Below is what else we are watching around the world this coming week:
Sunday, February 18, 2024
Global
UN Secretary-General António Guterres travels to Doha, Qatar, for a follow-up meeting of Special Envoys from Member States and regional organizations on Afghanistan that he is convening on 18 and 19 February. The objective of the meeting is to discuss how to approach increasing international engagement in a more coherent, coordinated, and structured manner, including through consideration of the recommendations of the independent assessment on Afghanistan. Nothing significant to report.
Americas
Political/Social Events –
US Secretary of Homeland Security Alejandro Mayorkas will travel to Vienna, Austria, to meet with People’s Republic of China (PRC) State Councilor and Minister of Public Security Wang Xiaohong. Mayorkas and Wang will discuss cooperation on counternarcotics as a follow-up to the inaugural meeting of the U.S.-PRC Counternarcotics Working Group. They will also discuss efforts to counter child sexual exploitation and abuse and other law enforcement priorities.
The Dominican Republican 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 –
A bipartisan delegation of U.S. senators will visit Budapest, Hungary, in an attempt to convince Prime Minister Viktor Orban to ratify Sweden's NATO membership bid. The senators making the trip are Senator Jeanne Shaheen, co-chair of the Senate NATO Observer Group, member of the Committee on Foreign Relations and Committee on Appropriations; Senator Thom Tillis, co-chair of the Senate NATO Observer Group;
Senator Chris Murphy, member of the Committee on Foreign Relations and Committee on Appropriations; and Senator Chris Van Hollen, member of the Committee on Foreign Relations and Committee on Appropriations.
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 –
Gambia celebrates Independence Day, marking the date when the country was granted its independence from the UK in 1965.
Economic Reports/Events –
Nothing significant to report.
Monday, February 19, 2024
Global
The UN Security Council is scheduled to hold a briefing, followed by consultations, on Somalia. Nothing significant to report.
The International Criminal Court in the Hague holds a hearing on Israel’s policies in Gaza.
Americas
Political/Social Events –
The US observes President’s Day, a national holiday. Markets are closed, as is the federal government.
Russian Foreign Minister Sergei Lavrov travels to Havana, Cuba for high-level talks. Lavrov will then travel on to Venezuela to meet with President Nicolas Maduro and Vice President Delcy Rodriquez in advance of Maduro’s expected visit to Russia sometime this spring. Lavrov will also use the trip to Venezuela to meet with a high-level delegation of Bolivian diplomats. He will then travel to Rio de Janeiro, Brazil, to participate in the G20 Foreign Ministers meeting.
Economic Reports/Events –
Brazil IBC-BR Economic Activity (December), Business Confidence Report (February), BCB Focus Market Readout
Canada PPI Report (January), Raw Materials Prices (January)
Paraguay Interest Rate Decision Report
Asia
Political/Social Events –
Japan will host a Japan-Ukraine conference on economic reconstruction in Tokyo.
Singapore hosts the Singapore Airshow, Asia’s biggest international aerospace and defense trade show.
India and the European Union are due to hold a seventh round of free trade talks from Monday through Friday.
Economic Reports/Events –
China Current Account (Q4)
New Zealand Composite PCI (January), Services PSI (January)
Japan Machinery Orders (December), 52-Week Bill Auction
Indonesia Property Price Index (Q4)
Thailand Full Year GDP Growth, GDP Growth Rate (Q4)
Europe
Political/Social Events –
The EU is expected to approve the launch of a naval task force, joining with US and UK naval forces, to protect shipping in the Red Sea from Houthi militant attacks.
commercial vessels.
European Commission President Ursula von der Leyen will launch her bid for a second term as EC President during an event hosted by her Christian Democratic Union party in Germany.
German Chancellor Olaf Scholz will meet South Korean President Yoon Suk Yeol in Berlin, Germany. South Korea is seeking greater investment and trade opportunities in the EU and also is seeking greater German investment in South Korea.
The EU Foreign Affairs Council meets in Brussels. They are expected to discuss the situation in Gaza, the Ukraine War, the situation in the Sahel (and how to perhaps engage further with the region) and offer an exchange of views on Belarus.
There will be an informal meeting of EU Tourism Ministers through February 20 in Brussels.
Economic Reports/Events –
Spain Balance of Trade (December), Consumer Confidence (January)
Serbia CPI Report (January), Inflation Rate Report (January)
Belarus GDP Report (January)
Middle East
Political/Social Events –
Nothing significant to report.
Economic Reports/Events –
Israel GDP Growth Annualized (Q4), Unemployment Rate Report (January)
Oman Inflation Rate
Qatar Inflation Rate (January)
Africa
Political/Social Events –
The UN Food and Agriculture Organization holds its 37th Regional Conference for Asia and the Pacific in Colombo, Sri Lanka.
The second Canada-Africa Business Conference, organized by the Canada-Africa Chamber of Business in partnership with Kenya Private Sector Alliance, will take place in Nairobi through February 20.
The Africa Agri Expo takes place in Nairobi with over 5,000 agribusiness and agri-professionals discussing topics including data-driven agriculture and sustainable agriculture.
Economic Reports/Events –
Ivory Coast Inflation Report (January)
Nigeria Unemployment Rate (Q3)
Ethiopia Inflation Rate (January)
Tuesday, February 20, 2024
Global
Nothing significant to report.
Americas
Political/Social Events –
US Secretary of State Antony Blinken travels to Brazil to attend the G20 Foreign Ministers meeting.
In New York, the trial of ex-Honduran president Juan Orlando Hernandez on drug trafficking charges begins.
Economic Reports/Events –
Canada Inflation Rate (January), CPI Median (January)
USA CB Leading Index (January), 3-, 6-month, 52-week Bill Auction
Argentina Balance of Trade (January)
El Salvador Balance of Trade (January)
Asia
Political/Social Events –
Indian Prime Minister Narendra Modi will visit Jammu and Kashmir, his first trip to the province since the 2019 abrogation of Article 370 of India's constitution, which granted Jammu and Kashmir a semi-autonomous status.
The INDUS X Conference will be held in New Delhi through February 21. Co-hosted by the US-India Business Council and the Society of Indian Defense Manufacturers in collaboration with the US Department of Defense and the Indian Ministry of Defense. The conference is seen as a significant step toward further building and accelerating the strategic defense partnership between the US and India. INDUS-X stands for “US-India Defense Accelerator Ecosystem” and was first launched in 2023 in Washington, D.C. in advance of Indian Prime Minister Narendra Modi’s State Visit to the United States.
The Asia-Pacific Forum on Sustainable Development, hosted by the UN, will be held in Bangkok, Thailand.
Economic Reports/Events –
South Korea Consumer Confidence (February)
Australia RBA Meeting Minutes
China Loan Prime Rate (February)
Japan 20-Year JGB Auction
Malaysia Imports/ Exports/ Trade Reports (January
Hong Kong Unemployment Rate (January)
Singapore MAS 12- and 4-Week Bill Auction
New Zealand Global Dairy Trade Price Index (Feb/20)
Europe
Political/Social Events –
The EU-Georgia Association Council meets in Brussels. Chaired by the EU High Representative for Foreign Affairs and Security Policy Josep Borrell and Georgian Prime Minister of Georgia Irakli Kobakhidze, they are expected to discuss Georgia’s EU accession path, political dialogue and reform, trade, and conflict resolution.
The EU General Affairs Council meets in Brussels. They will discuss the rule of law in Poland.
Polish farmers are expected to protest against EU measures to tackle climate change and the massive import of Ukrainian products.
Economic Reports/Events –
Bank of England Governor Andrew Bailey testifies on the economy and monetary policy before the Parliament’s Treasury Committee.
Switzerland Balance of Trade (January)
Euro Area Current Account (December), Construction Output (December)
Greece Current Account (December)
Italy Construction Output (December), Current Account (December)
Poland Corporate Sector Wages (January), Employment Growth (January), Industrial Production (January), PPI (January)
Great Britain 30-Year Treasury Gilt Auction
Germany 2-Year Schatz Auction
Turkey Central Government Debt Report (January)
Slovakia Current Account (December), Unemployment Rate (January)
Middle East
Political/Social Events –
Today is the anniversary of the Moroccan Arab Spring uprising.
Economic Reports/Events –
Kuwait Inflation Rate (January)
Oman Inflation Rate (January), M2 Money Supply (December), Total Credit (December)
Israel Inflation Expectations (February)
Africa
Political/Social Events –
The Cameroon–European Union Business Week will gather public and private sector stakeholders from both sides in Yaoundé, Cameroon.
Economic Reports/Events –
South Africa Leading Business Cycle Indicator (December), Unemployment Rate (Q4)
Mozambique GDP Growth Rate (Q4)
Wednesday, February 21, 2024
Global
G20 Foreign Ministers meet in Rio de Janeiro (Brazil is chairing the G20 in 2024). They are likely to focus on Ukraine and the Israel-Hamas conflict.
The UN Security Council is scheduled to hold a briefing, followed by consultations on the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA).
In Nairobi, the UN Climate and Clean Air Conference 2024 will take place from 21 to 23 February, ahead of UNEA-6. The Conference will focus on the cost of inaction, highlighting ways to further scale up implementation of the Global Methane Pledge, Clean Air Flagship and Kigali Amendment, and collectively charting the course to 2025 and beyond.
Americas
Political/Social Events –
U.S. House Select Committee on the Chinese Communist Party chair Mike Gallagher will lead a congressional delegation to visit Taiwanese President-elect William Lai in Taipei, Taiwan.
The Conservative Political Action Committee (CPAC) 2024 meeting takes place in Washington, D.C. through February 24. Former President Donald Trump will speak as will former UK Prime Minister Liz Truss, Argentine President Javier Milei, and other conservative leaders.
Economic Reports/Events –
Federal Reserve Board Governor Michelle Bowman speaks at the Exchequer Club of Washington, D.C.
Atlanta Federal Reserve Bank President Raphael Bostic to give welcome remarks before the Airports Council International CFO Summit hosted by the Regional Economic Information Network (REIN) of the Federal Reserve Bank of Atlanta.
Mexico Retail Sales (December)
US Federal Reserve Board Open Market Committee Minutes, USA Mortgage Reports (Feb/16), MBA Purchase Index (Feb/16), Redbook (Feb/17), 17-Week Bill Auction, 2-Year FRN Auction, 20-Year Bond, API Crude Oil Stock Change (February)
Canada New Housing Price Index (January), 10-Year Bond Auction
Costa Rica Balance of Trade (January)
Asia
Political/Social Events –
APEC holds a meeting of Deputy Finance Ministers and Deputy Central Bankers in Arequipa, Peru.
The Raisina Dialogue 2024 begins in New Delhi and runs through February 23. The Dialogue is India’s premier geopolitical and geoeconomics conference.
Economic Reports/Events –
South Korea Business Confidence (February), PPI (January and Q4)
New Zealand PPI Report (Q4)
Japan Reuters Tankan (February), Imports/ Exports/ Balance of Trade (January)
Australia Westpac Leading Index (January), Wage Price Index (Q4)
Indonesia Interest Rate Decision, Loan Growth (January), Facility Rate (February), Lending Facility Rate (February)
India M3 Money Supply (Feb/09)
Thailand New Car Sales (January)
Europe
Political/Social Events –
There will be an informal meeting of EU Economic and Financial Affairs Ministers through February 24 in Brussels.
Doctors in England and Wales are expected to go on strike over wages until February 28.
Economic Reports/Events –
ECB Board Member Edouard Fernandez-Bollo participates in a roundtable discussion entitled "Sustainability risks in the banking sector" at EUROFI High-Level Seminar 2024, organized in association with the Belgian Presidency of the Council of the EU in Ghent, Belgium.
ECB Board Member Anneli Tuominen participates in a panel discussion entitled "Cyber and digital operational resilience: key pending issues (DORA CTPP oversight, EU and international cyber initiatives, digital infrastructure…" at EUROFI High-Level Seminar 2024 organized in association with the Belgian Presidency of the Council of the EU in Ghent, Belgium.
Bank of England Member of the Monetary Policy Committee Swati Dhingra gives a speech at the Market News International Connect event entitled “Recent BoE Projections – Key Factors/Judgments” in London.
ECB Non-Monetary Policy Meeting, Euro Area New Car Registrations (January), 3- and 6-Month Auction, Consumer Confidence Flash (February)
Turkey Consumer Confidence (February)
Great Britain Public Sector Net Borrowing (January), 5-Year Treasury Gilt Auction, CBI Industrial Trends Orders (February)
Germany 10-Year Bund Auction
Ireland Residential Property Prices (December)
Slovenia Unemployment Rate (December)
Russia PPI (January)
Middle East
Political/Social Events –
Nothing significant to report.
Economic Reports/Events –
Saudi Arabia Imports/ Exports/ Balance of Trade (December)
Lebanon Inflation Rate (January)
Qatar M2 Money Supply (January), Total Credit Growth (January)
Africa
Political/Social Events –
The second edition of Africa’s Green Economy Summit will be held in Cape Town, bringing together investors, African leaders, and policy-makers.
Economic Reports/Events –
South Africa Inflation Rate (January), 2024/2025 Budget
Thursday, February 22, 2024
Global
The UN Security Council is scheduled to hold a briefing, followed by consultations on the Middle East.
Americas
Political/Social Events –
Newly re-elected Salvadoran President Nayib Bukele travels to the US to speak at the Conservative Political Action Conference (CPAC) in Maryland.
The IM-1 lunar lander, designed by Intuitive Machines, the first privately financed mission to the moon, is scheduled to land on the lunar surface today.
St. Lucia celebrates Independence Day.
Economic Reports/Events –
Federal Reserve Board Governor Lisa Cook gives a speech entitled “Sources of Uncertainty in the Short Run and the Long Run” at the Annual Conference of the Julis-Rabinowitz Center for Public Policy & Finance (JRCPPF) – Empirical Macrofinance in the Long Run: New Insights on the Global Economy, Princeton, N.J.
Federal Reserve Board Governor Christopher J. Waller gives a speech entitled “Economic Outlook” at the Notre Dame Club of Minnesota and the University of St. Thomas Finding Forward Speaker Series, Minneapolis, Minn.
Philadelphia Federal Reserve Bank President Patrick Harker to speak on the economic outlook before an event hosted by the University of Delaware Center for Economic Education.
Minneapolis Federal Reserve Bank President Neel Kashkari to participate in a panel discussion on economic trends and outlook for 2024 and the growth of Minnesota's economy hosted by Northside Economic Opportunity Network (NEON) Community Conversations.
Mexico GDP Growth Rate Final (Q4), Economic Activity (December), Mid-Core Inflation Rate (February), Mid-Month Inflation Rate (February), Monetary Policy Meeting Minutes
Canada Retail Sales (December)
USA Chicago Fed National Activity Index (January), Industrial Production (January), Initial Jobless Claims (Feb/17), S&P Global PMI Flash (February), Existing Home Sales (January), Existing Home Sales (January), Natural Gas & Crude Oil Stocks Change (Feb/16), 4- and 8-Week Bill Auction, 15- and 30-Year Mortgage Rate (Feb/21), 30-Year TIPS Auction
Argentina Economic Activity (December)
Uruguay Interest Rate Decision
Peru Current Account (Q4), GDP Growth Rate (Q4)
Asia
Political/Social Events –
Nothing significant to report.
Economic Reports/Events –
New Zealand Imports/ Exports/ Balance of Trade (January)
Australia Judo Bank Services PMI Flash (February)
Japan Foreign Bond Investment, Jibun Bank PMI Flash, 3-Month Bill Auction
South Korea Interest Rate Decision
New Zealand Credit Card Spending (January)
Indonesia Current Account (Q4)
India HSBC Composite PMI Flash (February), Monetary Policy Meeting Minutes, HSBC PMI Flash (February)
Hong Kong Consumer Price Index CPI (January), Inflation Rate (January)
Europe
Political/Social Events –
Economic Reports/Events –
ECB Board Member Edouard Fernandez-Bollo participates in a roundtable discussion entitled "Diversity in the EU banking system: contribution to financing needs, future challenges and way forward" at EUROFI High-Level Seminar 2024, organized in association with the Belgian Presidency of the Council of the EU in Ghent, Belgium.
ECB Board Member Anneli Tuominen participates in a panel discussion entitled "EU bank crisis management framework: can an agreement be achieved for medium-sized banks?" at EUROFI High-Level Seminar 2024, organized in association with the Belgian Presidency of the Council of the EU in Ghent, Belgium.
ECB Monetary Policy meeting minutes released.
Hungary Gross Wage (December)
France Business Confidence (February), Business Climate Indicator (February), HCOB Composite PMI Flash (February)
Slovakia Harmonized Inflation Rate (January)
Germany HCOB PMI Flash (February)
Italy Inflation Rate Final (January)
Poland Retail Sales (January), M3 Money Supply (January)
Slovenia Consumer Confidence (February)
Great Britain S&P Global PMI Flash (February), Consumer Confidence (February), Car Production (January)
Euro Area Inflation Rate (January), CPI Final (January), Eurogroup Meeting, HCOB PMI Flash
Ireland Wholesale Prices (January)
Serbia PPI (January)
Turkey TCMB Interest Rate Decision, Overnight Borrowing and Lending Rate (February), Foreign Exchange Reserves (Feb/16)
Ireland Consumer Confidence (February)
Middle East
Political/Social Events –
Nothing significant to report.
Economic Reports/Events –
Israel Manufacturing Production (December), Manufacturing PMI (January)
Africa
Political/Social Events –
Algeria celebrates the National Day of Fraternity and Cohesion, marking the anniversary of the protests that united the country in 2019.
Economic Reports/Events –
Nigeria GDP Growth Rate (Q4)
Ghana PPI (January)
Friday, February 23, 2024
Global
The UN General Assembly will hold its 56th plenary meeting. On the agenda is the situation in the temporarily occupied territories of Ukraine.
The UN Security Council is scheduled to hold a briefing on Ukraine. UN Secretary-General António Guterres is expected to deliver remarks.
Americas
Political/Social Events –
US Secretary of State Antony Blinken meets with Argentinian President Javier Milei in Buenos Aires.
Guyana celebrates Republic Day.
Economic Reports/Events –
Brazil FGV Consumer Confidence (February), Federal Tax Revenues (January)
Chile PPI (January)
Canada Budget Balance (December), Manufacturing & Wholesale Sales MoM Prel (January)
Argentina Consumer Confidence (February), Leading Indicator (January)
Mexico Current Account (Q4)
Paraguay PPI (January)
USA Baker Hughes Total Rigs Count (Feb/23)
Asia
Political/Social Events –
Today is the Emperor’s Birthday in Japan. It is a public holiday, and financial markets are closed.
Economic Reports/Events –
New Zealand Retail Sales (Q4)
China House Price Index (January), FDI (YTD) (January)
Indonesia M2 Money Supply (January)
Malaysia Inflation Rate (January), Leading Index (December)
Singapore Inflation Rate (January), CPI (January)
Kazakhstan Interest Rate Decision
India Foreign Exchange Reserves (Feb/16), Deposit Growth (Feb/09), Bank Loan Growth (Feb/09)
Europe
Political/Social Events –
Russia celebrates Defender of the Fatherland Day (also known as Men’s Day due to compulsory military service for most Russian men). Financial markets are closed.
Economic Reports/Events –
ECB President Christine Lagarde participates in the Eurogroup meeting in Ghent, Brussels. She will hold a press conference afterward. Later, she will participate in an informal ECOFIN meeting.
ECB Member Isabel Schnabel gives a lecture entitled "Has the fight against inflation been won?" at Bocconi University in Milan, Italy. Later in the day, she gives a speech at Forum Analysis in Milan.
ECB Member Kerstin af Jochnick participates in a panel discussion entitled "European financial stability: what are the main emerging risks? (strains from indebtedness, banking risks …)?" at EUROFI High-Level Seminar 2024 organized in association with the Belgian Presidency of the Council of the EU in Ghent, Belgium.
Euro Area Consumer Inflation Expectation (January)
Germany GDP Growth Rate Final (Q4), Ifo Expectations (February), Ifo Current Conditions (February), Ifo Business Climate (February)
Turkey Capacity Utilization (February), Business Confidence (February), Tourist Arrivals (January)
Hungary Unemployment Rate (January)
Switzerland Non-Farm Payrolls (Q4), Industrial Production (January)
Poland Unemployment Rate (January)
Slovenia Tourist Arrivals (January), PPI (January), Business Confidence (February)
Italy BTP Short-Term and Index-Linked Auction
Belarus Industrial Production (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 –
Nothing significant to report.
Saturday, February 24, 2024
Global
Today is the 2nd anniversary of Russia’s invasion of Ukraine.
Americas
Political/Social Events –
Economic Reports/Events –
Nothing significant to report.
Asia
Political/Social Events –
Cambodia Senate Elections are held. 58 seats are up for election, and 49 are expected to go to the ruling Cambodian People’s Party and nine to the opposition Candlelight Party.
Taiwan Semiconductor Manufacturing Co. will open its first Japan factory in the southwestern prefecture of Kumamoto. The world's biggest chip foundry wants to shift production away from Taiwan amid growing geopolitical uncertainties.
In Taiwan, the Lantern Festival is celebrated, marking the end of the country’s lunar new year.
Economic Reports/Events –
Nothing significant to report.
Europe
Political/Social Events –
The EU will likely announce a new round of sanctions on Russia-linked entities before the second anniversary of the invasion of Ukraine.
Today is Estonia's Independence Day.
Belarus Parliamentary Election
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, February 25, 2024
Global
Nothing significant to report.
Americas
Political/Social Events –
Former President Jair Bolsonaro has called on supporters to protest in São Paulo on February 25. Federal police accuse Bolsonaro of plotting to stay in power regardless of 2022 election results.
Economic Reports/Events –
Nothing significant to report.
Asia
Political/Social Events –
Cambodia holds legislative elections.
Economic Reports/Events –
Nothing significant to report.
Europe
Political/Social Events –
Early voting begins in Russia for the presidential election.
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.
Economic Reports/Events –
Nothing significant to report.
Middle East
Political/Social Events –
Today is Kuwait National Day.
Economic Reports/Events –
Israel Composite Economic Index (January)
Africa
Political/Social Events –
Nothing significant to report.
Economic Reports/Events –
Nothing significant to report.
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