Global Calendar of Events May 1 - 8, 2022

Sunday, May 1, 2022

Political/Social Events –

• Russian-occupied Kherson region of Ukraine begins officially using ruble.

• 2nd round of US-UK Trade Dialogue to be held in Aberdeen, Scotland.

• China starts five-day May Day holiday (Traditionally, this is one of the more significant travel period of the year but the government is warning people to stay home due to COVID).

• China to end tariffs on all coal imports.

• May Day celebrated in various countries.

• Eid al-Fitr celebrations begin (the end of Ramadan).

• Milken Institute Conference being held through Wednesday in Los Angeles, CA

Economic Reports/Events –

• Malaysia increases its national minimum wage by 25%.

• Indonesia begins value-added tax on crypto transactions and capital gains tax on crypto investments.

Monday, May 2, 2022

Political/Social Events –

• EU Energy Ministers will hold emergency meetings in Paris to discuss Russia’s halt of natural gas supplies to Poland and Bulgaria.

• US Congress in session; House and Senate begin conference work on major competitiveness legislation focused on semiconductors and technology R&D helping better compete with China.

• Newly re-elected French President Macron expected to name new Prime Minister.

• India’s Prime Minister Modi travels to Europe and meets with heads of state in Germany, Denmark, and France.  He will also participate in the 2nd India-Nordic Summit on Wednesday, May 4th.

• Ibero-American Secretary-General Andres Allamand begins tour of Argentina, Uruguay, Colombia, and Costa Rica.

Economic Reports/Events –

• Early May Bank holiday in UK

• US S&P manufacturing PMI, ISM manufacturing, construction spending, S&P Global manufacturing (Apr)

• South Korea export/import/balance of trade figures (Apr)

• Japan Jibun Bank manufacturing PMI (Apr), consumer confidence (Apr)

• Germany retail sales figures (Mar)

• UK nationwide housing prices (Apr)

• Italy unemployment figures (Mar)

• Germany S&P manufacturing PMI (Apr)

• Spain S&P manufacturing PMI (Apr)

• France S&P manufacturing PMI (Apr)

• Eurozone economic sentiment (Apr), industrial sentiment (Apr), Consumer confidence, (Apr), consumer confidence and inflation expectations (Apr), S&P manufacturing PMI (Apr)

• Australia S&P manufacturing PMI (Apr)

• South Africa ABSA manufacturing PMI (Apr)

• Mexico FX reserves (Mar)

• Brazil Central Bank market readout, S&P manufacturing PMI (Apr), balance of trade (Apr)

• India exports/imports/balance of trade figures (Apr),  S&P manufacturing PMI (Apr) Markit manufacturing PMI (Apr)

• Philippines Markit PMI manufacturing (Apr)

Tuesday, May 3, 2022

Political/Social Events –

• German Chancellor Scholz hosts meeting with Finnish Prime Minister Marin and Swedish Prime Minister Andersson to discuss mutual security issues (and likely NATO membership for Sweden and Finland).

• In the wake of Russia cutting of natural gas supplies to Bulgaria, EU President presides over inauguration of new LNG terminal in Greece along with Greece’s Prime Minister Mitsotakis, Bulgaria’s Prime Minister Petkov, Serbian Prime Minister Vucic, and North Macedonia’s Prime Minister Kovachevski.

• EU informal meeting of Economy and Finance Ministers (virtual).

• Poland celebrates Constitution Day, marking the constitutional declaration of 1791.

• Japan celebrates Constitution Day, marking the enactment of the 1937 Constitution.

• Ohio and Indiana hold primary contests, kicking off the first votes for the US November midterm elections.

• Wall Street Journal CEO Council Summit to be held through Wednesday. It will heavily focus on how CEOs concerns of impact of Russian invasion of Ukraine, China’s COVID lock-downs on the global economy, and energy security issues.

Economic Reports/Events –

• Federal Reserve Board begins two days of monetary policy meetings; rate decision comes Wednesday.

• Eurogroup Meeting held virtually

• US factory orders (Mar), crude oil stock changes (Apr)

• Germany unemployment rate figures (Mar)

• France Budget balance (Mar)

• Brazil IPC-Fipe inflation (Mar), industrial production (Mar)

• UK S&P global manufacturing PMI (Apr)

• Eurozone unemployment figures (Mar), PPIs (Mar)

• Mexico business confident (Apr)

• South Korea FX reserves (Apr), CPIs (Apr)

• Thailand Markit manufacturing PMI (Apr)

• Taiwan Markit manufacturing PMI (Apr)

• Hong Kong GDP (Q1)

• Australia Central Bank decision,  construction index, S&P global services PMI (Apr)

Wednesday, May 4, 2022

Political/Social Events –

• 2nd Annual India-Nordic Conference (Iceland, Finland, Norway, Sweden, Denmark) to be held in Copenhagen.

• EU President Charles Michel visits Moldova to meet with President Maia Sandu in wake of recent threats made by Russia.

• The US Senate Judiciary Committee’s Subcommittee on Privacy, Technology, and the Law holds a hearing on social media’s impacts and platform transparency (expected to heavily focus on Elon Musk’s recently announced acquisition of Twitter).

• Israel’s Memorial Day commemorating fallen soldiers. 

Economic Reports/Events –

• US Federal Reserve Board rate decision, US imports/exports/balance of trade figures (Mar), S&P Global services PMIs (Apr), ISM non-manufacturing PMIs (Apr), MBA purchase index (Apr), MBA mortgage applications/30-year mortgage rates/refinance index figures (Apr), EIA crude oil stocks, EIA gasoline stocks, distillate stocks (All Apr)

• Russia faces deadline to pay two sovereign bonds in dollars or face being rated in sovereign default.

• European Central Bank holds non-Monetary Policy Meeting, Frankfurt, Germany

• India S&P global manufacturing PMI (Apr)

• Australia home loans, retail sales (Apr)

• Germany export/import/balance of trade figures (Mar), S&P global services/global composite PMIs (Apr)

• Eurozone S&P global services/global composite PMIs (Apr), retail sales (Mar)

• France retail sales (Mar), S&P global services/global composite PMIs (Apr)

• Brazil central bank interest rate decision, S&P global services PMIs (Mar)

• Mexico consumer confidence (Mar)

• Russia S&P global manufacturing PMI (Apr)

• Spain unemployment figures (Apr), S&P global services/global composite PMIs (Apr)

• Italy S&P global services/global composite PMIs (Apr)

• Canada imports/exports/balance of trade (Mar)

• Indonesia Markit manufacturing PMI (Apr)

• Singapore SIPMM PMIs (Apr)

• Vietnam Markit manufacturing PMI (Apr)

Thursday, May 5, 2022

Political/Social Events –

• Ukrainian President Zelensky scheduled to hold virtual conference with international financial donors (virtually and in Warsaw, Poland).

• EU to launch trust fund for Ukraine.

• Mexican President Lopez-Obrador (better known as “AMLO”) makes his first visit to Central America and Cuba since being elected in 2018.  He will visit Belize, Cuba, Guatamala, and Honduras.  He has only traveled once outside the country since being elected and that was to meet with President Trump in 2020.

• Mexico celebrates Cinco de Mayo (Mexico’s victory over French forces at the battle of Puebla in 1862).

• Northern Ireland holds elections for Assembly (Stormont).

• UK holds local authority elections in parts of England, all of Wales, and all of Scotland.

• 73rd anniversary of the creation of the Council of Europe.

Economic Reports/Events –

• OPEC and non-OPEC members meet virtually

• US jobless claims, Challenger job cuts (Apr), nonfarm productivity (Q1), natural gas stocks change

• Australia imports/exports/balance of trade figures (Mar)

• China Caixin services and composite PMIs (Apr)

• India S&P global composite PMI and services PMI (Apr)

• Germany factory orders (Mar)

• Turkey inflation rates (Apr), PPIs (Apr), Istanbul Chamber of Industry Manufacturing PMI (Apr)

• South Africa S&P Global PMIs (Apr)

• Eurozone S&P Global Construction PMIs (Apr)

• France S&P Global Construction PMIs (Apr)

• Germany S&P Global Construction PMIs (Apr)

• UK  Bank of England interest rate decision, monetary poicy report, meeting minutes

• Turkey FX reserves (Apr)

• Argentina industrial production (Apr)

• Japan core CPIs (Apr)

• Malaysia Markit manufacturing PMI (Apr)

• Singapore Markit manufacturing PMI (Apr), retail sales (Mar)

• Hong Kong Markit manufacturing PMI (Apr), retail sales (Mar)

• Philippines CPI (Apr)

• Thailand CPI (Apr)

Friday, May 6, 2022

Political/Social Events –

• Japan’s Foreign Minister Hayashi begins tour of Central Asia and Mongolia and Pacific Islands.

• Chile’s constitutional assembly expected to hold final plenary to vote on articles proposals.

• Russia expected to hold informal UN Security Council meeting on Ukraine to explain their version of events on the ground.

• South Africa resumes trial for two  leaders of ”South African Economic Freedom Fighters” who led assault during 2018 funeral of former First Lady Winnie Mandela.

• 28th anniversary of the opening of the “Chunnel” between the UK and France.

Economic Reports/Events –

• US non-farm payrolls (Apr), unemployment rate (Apr), manufacturing payrolls (Apr), oil rig count (May), consumer credit change (Mar)

• US Securities and Exchange Commission Annual Conference on financial market regulation

• Spain industrial production (Mar)

• UK S&P Global Construction PMIs (Apr), house price indexes (Apr), S&P global construction (Apr)

• Italy S&P Global Construction PMIs (Apr)

• Australia central bank rate decision

• Germany industrial production (Mar)

• Russia S&P global composite serves PMIs (Apr), inflation rate (Apr)

• France FX reserves (Apr), private non-farm payrolls (Q1)

• Spain industrial production (Mar)

• Italy retail sales (Mar)

• India FX reserves (Apr), imports/exports/trade balance (Mar)

• Brazil retail sales (Mar), car production (Apr)

• Canada unemployment rate (Apr)

• Philippines imports/exports/trade balance (Mar)

• Taiwan CPI (Apr)

Saturday, May 7, 2022

Political/Social Events –

• Nothing significant to report.

Economic Reports/Events –

• China FX reserves (Apr)

Sunday, May 8, 2022

Political/Social Events –

• Hong Kong holds election for new Chief Executive.

• Costa Rica’s President-elect Rodrigo Chaves to be sworn into office.

• 77th Anniversary of the Victory in Europe Day.

• Mother’s Day celebrated around the world.

Economic Reports/Events –

• Nothing significant to report