The Global Week Ahead

Russia’s War on Ukraine At An Inflection Point, The EU Meets to Discuss Its Security Future, China’s People’s Political Consultative Conference and National People’s Congress Meet, Trump’s Canada/Mexico/China Tariffs Go Into Effect, and The ECB Sets Interest Rates

March 2 - 9, 2025

It is not often you can write that the coming week is likely to be truly historic, a true crossroads of where the world will go.  This appears to be one of those weeks.  Following the bizarre blow-up in the White House Oval Office between President Trump, Vice President Vance, and Ukrainian President Zelensky, the future of Ukraine’s freedom lies in the balance and Europe looks to be poised to begin pursuing their own security arrangements out of fear of being abandoned by the US after 80 years of mutual security arrangements.

Today (Sunday) saw British Prime Minister Keir Starmer hosting a summit in London where he called for a “coalition of the willing” to defend Ukraine.  Both the UK and France committed to sending peacekeeping troops to help in the efforts to reach a cease-fire.  Later this week, There will be a Special European Council meeting in Brussels to discuss the situation in Ukraine and what the EU should do as President Trump continues to attack President Zelensky and suggest the US will stop militarily supporting Ukraine.  As European Council President António Costa said, “We are living in a defining moment for Ukraine and European security.”

At the time of this writing, President Zelensky has told reporters he is still ready to sign a U.S.-Ukraine minerals deal despite the shouting match with President Trump and being kicked out of the White House.  But what is not clear is how – or even if – Trump and Zelensky can patch up their relationship to even sign the deal.

Meanwhile, China’s National People’s Congress and People’s Consultative Conference come together to meet in Beijing this week.   The meetings will offer important insights into where Beijing will steer the economy and how it might deal with President Trump and forthcoming tariffs.  The meetings will not be easy for Chinese leaders to successfully manage market expectations of economic policy.

The new US tariffs on China – now set at 20% by President Trump – are scheduled to go into effect this coming Saturday.  Canada and Mexico are also set to get hit with 25% tariffs by President Trump.  We would note that Trump indicated over the weekend he has ordered a new probe of Canada’s lumber exports to the US, suggesting he will place new tariffs on that sector, too.  Up to 30 percent of softwood lumber used to build houses in the US comes from Canada.  And a large percentage of gypsum (used for drywall) used in US housing comes from Canada.

We are likely to learn more about President Trump’s tariff agenda when he addresses a Joint Session of Congress on Tuesday.  The Annual State of the Union speech will offer Trump an opportunity to also lay out more details of his domestic and foreign policy agenda for the year.  He is expected to make a strong push for his signature tax and budget Reconciliation package currently being put together in the House of Representatives.

 Also this week, Canada’s Liberal Party will choose a new leader on Sunday to replace incumbent Prime Minister Justin Trudeau. 

 Turning to the global economic radar screen, the big event of the week is the European Central Bank meeting to decide interest rates Thursday.  Markets are expecting another likely 25 basis points. 

Markets are looking at major data releases this week out of Asia. China releases official PMIs for February as well as trade data while the People’s Congress is being held.

Bringing it back to the US, the Federal Reserve releases the Beige Book on Wednesday as well as the ISM indices.  Fed Chair Jay Powell will also give a speech on the state of the economy on Friday after jobs data is released that morning.    

Below is what else we are watching around the world this coming week:

Sunday, March 2, 2025

Global

·       Nothing significant to report.

 

Americas

Political/Social Events –

· The 97th Academy Awards ceremony is held, where they give a bunch of awards for movies most of us have never seen or heard of.

Economic Reports/Events –

·       Nothing significant to report.

 

Asia

Political/Social Events –

·       Tajikistan holds parliamentary and local elections.

·       Japanese Prime Minister Shigeru Ishiba faces a deadline to get his proposed budget passed by the lower house of parliament.

·       Today is Peasant Day in Myanmar, held to celebrate the hard work of peasants. 

Economic Reports/Events –

·       Nothing significant to report.

 

Europe

Political/Social Events –

·       UK Prime Minister Keir Starmer is hosting an informal meeting with EU leaders on Ukraine and security in Europe. NATO Secretary-General Mark Rutte will also attend.

·       Austria's liberal Neos party members will vote to approve a coalition agreement with the center-right Austrian People's Party and the center-left Social Democratic Party.

·       Hamburg, Germany holds state elections.

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.

 

 

Monday, March 3, 2025

Global

·       The UN hosts the Organizational Session for the 2026 UN Water Conference at the United Nations Headquarters in New York. 

·       The Board of Governors of the International Atomic Energy Agency meet in Vienna, Austria through March 7.

·       The UN hosts the 3rd meeting of countries party to the Treaty on the Prohibition of Nuclear Weapons.

·       Ambassador Christina Markus Lassen, Permanent Representative of Denmark and President of the Security Council for the month of March, will hold a press briefing on the agenda for the month. 

 

Americas

Political/Social Events –

·       The 2025 Pacific Operational Science & Technology (POST) five-day conference begins in Honolulu, Hawaii, hosted by the National Defense Industrial Association and the US Indo-Pacific Command.

Economic Reports/Events –

·       St. Louis Federal Reserve Bank President Alberto Musalem speaks on the U.S. economy and monetary policy and participates in a moderated conversation before the National Association for Business Economics 41st Annual Economic Policy Conference.

·       Mexico Foreign Exchange Reserves (January)/ Business Confidence (February)/ S&P Global Manufacturing PMI (February)

·       Chile IMACEC Economic Activity (January)

·       Brazil S&P Global Manufacturing PMI (February)/ BCB Focus Market Readout

·       Canada S&P Global Manufacturing PMI (February)

·       Colombia Davivienda Manufacturing PMI (February)

·       USA S&P Global Manufacturing PMI (February)/ ISM Manufacturing PMI (February)/ ISM Manufacturing Employment & New Orders & Prices (February)/ Construction Spending (January)

 

Asia

Political/Social Events –

·       An International Monetary Fund delegation will arrive in Pakistan for the first review of Pakistan's bailout fund.

·       In the Philippines, Combined Arms Training Exercise “Catex” takes place in Luzon, Mindanao, and Visayas.

Economic Reports/Events –

·       New Zealand Terms of Trade Q4/ Import Prices Q4/ Export Prices Q4

·       Australia S&P Global Australia Manufacturing PMI (February)/ TD-MI Inflation Gauge (February)/ Company Gross Profits Q4/ ANZ-Indeed Job Ads (February)/ Business Inventories Q4/ Commodity Prices (February)

·       Indonesia S&P Global Manufacturing PMI (February)/ Inflation Rate (February)/ Tourist Arrivals (January)

·       Japan Jibun Bank Manufacturing PMI (February)

·       Malaysia S&P Global Manufacturing PMI (February)

·       Philippines S&P Global Manufacturing PMI (February)

·       Taiwan S&P Global Manufacturing PMI (February)

·       Thailand S&P Global Manufacturing PMI (February)

·       Vietnam S&P Global Manufacturing PMI (February)

·       China Caixin Manufacturing PMI (February)

·       India HSBC Manufacturing PMI (February)

·       Kazakhstan Freedom Holding Corp. Manufacturing PMI (February)/ Inflation Rate (February)

·       Hong Kong Retail Sales (January)

·       Singapore SIPMM Manufacturing PMI (February)

 

Europe

Political/Social Events –

·       EU President Ursula von der Leyen will participate in the Strategic Dialogue on the Future of the European Automotive Industry in Brussels.

·       He EU Central Asia Ministerial Meeting takes place in Ashgabat, Turkmenistan.

·       MWC Barcelona, the biggest annual event for the telecommunications industry, kicks off on Monday. The four-day event will welcome some of the biggest names in mobile networks and devices, satellites and more, including Huawei and Xiaomi of China, Japan's SoftBank and SK Hynix of South Korea.

·       NATO holds Dynamic Mantra 25 joint maritime exercises in the Mediterranean Sea through March 14.

·       Today is Bulgarian Independence Day, celebrating when the country became an independent state in 1878 after more than 500 years of Ottoman control.

·       Paris Fashion Week begins.

Economic Reports/Events –

·       European Central Bank  (ECB) Board Member Claudia Buch, who chairs the ECB Supervisory Board, gives a keynote speech at the18th Finanzplatztag event organized by Börsenzeitung in Frankfurt, Germany.  She is expected to talk about banking union, its challenges and achievements.

·       Ireland AIB Manufacturing PMI (February)

·       Russia S&P Global Manufacturing PMI (February)

·       Romania BCR Manufacturing PMI (February)

·       Turkey Inflation Rate (February)/ Istanbul Chamber of Industry Manufacturing PMI (February)/ PPI (February)

·       Hungary Balance of Trade (January)/ HALPIM Manufacturing PMI (February)

·       Poland S&P Global Manufacturing PMI (February)

·       Spain HCOB Manufacturing PMI (February)/ Consumer Confidence (January)/ New Car Sales (February)

·       Switzerland procure.ch Manufacturing PMI (February)

·       Italy HCOB Manufacturing PMI (February)/ Full Year GDP Growth 2024/ Government Budget 2024/ New Car Registrations (February)

·       France HCOB Manufacturing PMI (February)

·       Germany HCOB Manufacturing PMI (February)

·       Great Britain BoE Consumer Credit (January)/ Mortgage Approvals & Lending (January)/ S&P Global Manufacturing PMI (February)/ M4 Money Supply (January)/ Net Lending to Individuals (January)

·       Euro Area HCOB Manufacturing PMI (February)/ Inflation Rate (February)/ CPI Flash (February)

·       Ukraine Current Account (January)

 

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Jordan PPI (January)

·       Qatar Inflation Rate (January)

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nigeria Stanbic IBTC Bank Nigeria PMI (February)

·       South Africa ABSA Manufacturing PMI (February)/ Total New Vehicle Sales (February)

·       Egypt Foreign Exchange Reserves (February)/ M2 Money Supply (January)

 

 

Tuesday, March 4, 2025

Global

·       UN Secretary-General Antonio Guterres will be in Cairo, Egypt to join the Extraordinary Summit of the League of Arab States to discuss the reconstruction of Gaza.  Leaders from across the Arab world will come together in this emergency meeting to discuss what can be done to rebuild Gaza and on what potential timeframe. 

·       It is “Fat Tuesday” – otherwise known as Shrove Tuesday and in New Orleans, Louisiana, Mardi Gras – in advance of Lent.

Americas

Political/Social Events –

·       US President Donald Trump addresses a joint session of Congress (the State of the Union Address).

·       US tariffs on Canada and Mexico are scheduled to go into effect, putting 25% tariffs on goods for both countries.  Additionally, the US is putting a 20% increase in tariffs on China’s goods.

·       The U.S. Supreme Court hears oral arguments in a Mexican lawsuit against U.S. gun manufacturers.

·       Mayoral elections are held in the US cities of Aspen, Colorado, Chattanooga, Tennessee, and Tuscaloosa, Alabama.

Economic Reports/Events –

·       New York Federal Reserve Bank President John Williams participates in moderated discussion at a Bloomberg Invest event organized by Bloomberg LP in New York.

·       USA Redbook (March/01)/ RCM/TIPP Economic Optimism Index (March)/ API Crude Oil Stock Change (February/28)/ LMI Logistics Managers Index (February)

·       Colombia Exports (January)

 

Asia

Political/Social Events –

·       The Chinese People's Political Consultative Conference (CPPCC), the country's top political advisory body, and the legislative National People's Congress (NPC) both hold their annual meetings in Beijing. Premier Li Qiang is expected to announce economic growth and budget targets, as markets watch for signs of how Beijing will move to boost domestic demand and navigate U.S. trade tensions.

·       The Philippines will host the Asia-Pacific Trade Facilitation Conference 2025 in Manila through March 5.

·       South Korea launches its first alternative stock trading system with longer trading hours and lower fees, a move aimed at luring more investors. Nextrade will offer trading services from 8:00 a.m. to 8:00 p.m., challenging the Korea Exchange which has been the country's sole bourse since 1956.

·       Singapore hosts the inaugural Business Aviation Asia Forum & Expo, with more than 50 participating companies including Boeing Business Jets, Dassault Aviation and Honeywell. The three-day event will alternate with the biennial Singapore Airshow, one of Asia's largest industry expos.

·       Micronesia holds parliamentary elections.

Economic Reports/Events –

·       New Zealand Building Permits (January)/ Global Dairy Trade Price Index (March/04)

·       South Korea Industrial Production (January)/ Retail Sales (January)/ S&P Global Manufacturing PMI (February)

·       Japan Unemployment Rate (January)/ Jobs/applications ratio (January)/ Capital Spending Q4/ Consumer Confidence (February)

·       Australia RBA Meeting Minutes/ Retail Sales (January)/ Current Account Q4/ Net Exports Contribution to GDP Q4

·       Philippines PPI (January)

·       Pakistan Balance of Trade (February)

 

Europe

Political/Social Events –

·       There will be an informal meeting of EU Telecommunications ministers in Brussels through March 5.  There is no formal agenda.

·       EU President Ursula von der Leyen will participate in the Strategic Dialogue on Steel in Brussels.

·       Russian President Vladimir Putin will meet with Myanmar's military leader, Senior Gen. Min Aung Hlaing, in Moscow.

Economic Reports/Events –

·       Romania Unemployment Rate (January)/ PPI (January)

·       Hungary GDP Growth Rate Q4

·       France Budget Balance (January)/ New Car Registrations (February)

·       Slovakia Real Wages Q4

·       Spain Unemployment Change (February)/ Tourist Arrivals (January)

·       Greece S&P Global Manufacturing PMI (February)/ Unemployment Rate (January)

·       Italy Unemployment Rate (January)

·       Euro Area Unemployment Rate (January)

·       Ireland Construction Output Q4

·       Turkey Imports/ Exports/ Balance of Trade (February)

 

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Saudi Arabia Riyad Bank PMI (February)

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Egypt S&P Global PMI (February)

·       South Africa GDP Growth Rate Q4

 

Wednesday, March 5, 2025

Global

·       Today is Ash Wednesday, the start of the Lenten season, six weeks before Easter is celebrated in the Western rite of Christianity.  

 

Americas

Political/Social Events –

·       Treasury Secretary Scott Bessent meets with Israeli Finance Minister Smotrich in Washington, D.C.  to discuss Gaza and other regional issues.

·       The Ottawa Conference on Security and Defense begins in Ottawa, Canada and runs through March 6.

Economic Reports/Events –

·       Brazil PPI (January)/ S&P Global Composite & Services PMI (February)

·       Mexico Gross Fixed Investment (December)

·       US Federal Reserve Beige Book/MBA Mortgage Market Index (February/28)/ MBA Purchase Index (February/28)/ ADP Employment Change (February)/ S&P Global Composite & Services PMI (February)/ ISM Services PMI (February)/ Factory Orders (January)/ ISM Services Business Activity/ Services Employment/ Services New Orders/ Services Prices (February)/ EIA Crude Oil & Gasoline Stocks Change (February/28)/ Total Vehicle Sales (February)

·       Canada Labor Productivity Q4/ S&P Global Composite & Services PMI (February)

·       Paraguay Inflation Rate (February)

·       Uruguay Inflation Rate (February)

·       Colombia PPI (February)

 

Asia

Political/Social Events –

·       The ASEAN-Cambodian Business Summit begins in Phnom Penh.

Economic Reports/Events –

·       Bank of Japan Governor Kazuo Ueda gives a speech at an IMF event entitled “Asia and the IMF: Resilience through Cooperation” in Tokyo.

·       Bank of Japan Deputy Governor Shinichi Uchida gives a speech to local leaders in Shizuoka, Japan.

·       Australia RBA Hauser Speech/ Ai Group Industry/ Construction/ Manufacturing Index (February)/ S&P Global Australia Composite & Services PMI (February)/ GDP Growth Rate/ Capital Expenditure/ Chain Price Index/ Final Consumption Q4/ RBA Payments System Board Meeting

·       South Korea GDP Growth Rate Q4

·       Hong Kong S&P Global PMI (February)

·       Japan Jibun Bank Composite & Services PMI (February)

·       Singapore S&P Global PMI (February)/ Retail Sales (January)

·       Philippines Inflation Rate (February)

·       China Caixin Composite & Services PMI (February)

·       Thailand Inflation Rate (February)

·       India HSBC Composite & Services PMI (February)/ M3 Money Supply (February/21)

·       Taiwan Foreign Exchange Reserves (February)

·       Kazakhstan Freedom Holding Corp. Services PMI (February)

 

Europe

Political/Social Events –

·       EU Justice and Home Affairs Council (Home Affairs) will meet in Brussels.  They will discuss the current entry/exit system, the state of the Schengen Agreement, migration issues, and internal security issues.

·       EU President Ursula von der Leyen meets with World Bank President Ajay Banga in Brussels.

·       Today is the 75th Anniversary of Josef Stalin’s death.  You might want to watch the 2018 movie “The Death of Stalin” to celebrate the death of this horrific tyrant.  It is both quite dark comedy and, amazingly, nearly 100 percent factually accurate about the bizarre internal social and political struggle among members of the Soviet Politburo that emerged following Stalin’s death.

Economic Reports/Events –

·       The European Central Bank Governing Council begins a two-day monetary policy meeting in Frankfurt.

·       Bank of England Governor Andrew Bailey, Chief Economist Huw Pill, Alan Taylor, and Megan Greene will testify before the UK Parliament’s Treasury Select Committee on the February Monetary Report.

·       Ireland AIB Services PMI (February)/ Unemployment Rate (February)

·       Russia S&P Global Composite & Services PMI (February)/ Unemployment Rate (January)/ Business Confidence (February)/ Corporate Profits (December)/ Real Wage Growth (December)/ Retail Sales (January)

·       Switzerland Inflation Rate (February)

·       France Industrial Production (January)/ HCOB Composite & Services PMI (February)

·       Spain HCOB Composite & Services PMI (February)

·       Italy HCOB Composite & Services PMI (February)/ GDP Growth Rate Q4/ Retail Sales (January)

·       Germany HCOB Composite & Services PMI (February)

·       Euro Area HCOB Composite & Services PMI (February)/ PPI (January)

·       Great Britain New Car Sales (February)/ S&P Global Composite & Services PMI (February)

·       Serbia PPI (February)

 

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       United Arab Emirates S&P Global PMI (February)

·       Lebanon BLOM Lebanon PMI (February)

·       Qatar Financial Centre PMI (February)

·       Israel Tourist Arrivals (February)

·       Jordan Unemployment Rate Q4

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Mozambique Standard Bank PMI (February)

·       South Africa S&P Global PMI (February)/ Business Confidence Q1

·       Kenya Stanbic Bank PMI (February)

·       Ghana S&P Global PMI (February)

 

Thursday, March 6, 2025

Global

·       Nothing significant to report.

 

Americas

Political/Social Events –

·       Secretary of the Treasury Scott Bessent speaks at the Economic Club of New York.

Economic Reports/Events –

·       Federal Reserve Board Governor Christopher J. Waller gives an economic outlook at the Wall Street Journal CFO Network Summit, New York, New York.

·       Atlanta Federal Reserve Bank President Raphael Bostic participates in conversation on the economic outlook with some focus on the Birmingham, Alabama region.

·       Brazil IPC-Fipe Inflation (February)/ Industrial Production (January)

·       USA Challenger Job Cuts (February)/ Imports/ Exports/ Balance of Trade (January)/ Initial Jobless Claims (March/01)/ Wholesale Inventories (January)/ EIA Natural Gas Stocks Change (February/28)/ Fed Balance Sheet (March/05)/ 15- & 30-Year Mortgage Rate (March/06)

·       Canada Imports/ Exports/ Balance of Trade (January)/ Ivey PMI s.a (February)

·       Ecuador Inflation Rate (February)

 

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Korea Foreign Exchange Reserves (February)/ Inflation Rate (February)

·       Japan Foreign Bond Investment (March/01)/ Stock Investment by Foreigners (March/01)/ Foreign Exchange Reserves (February)

·       Australia Imports/ Exports/ Balance of Trade (January)/ Building Permits (January)/ Private House Approvals (January)

·       Philippines Unemployment Rate (January)

·       Vietnam Balance of Trade (February)/ Foreign Direct Investment (February)/ Industrial Production (February)/ Inflation Rate (February)/ Retail Sales (February)/ Tourist Arrivals (February)

·       Malaysia Interest Rate Decision

·       Thailand Consumer Confidence (February)

 

Europe

Political/Social Events –

·       There will be a Special European Council meeting in Brussels.  This emergency summit has been called to discuss next steps for Ukraine and Europe’s security.  As European Council President Antonio Costa said, “We are living a defining moment for Ukraine and European security.”

Economic Reports/Events –

·       The European Central Bank rate decision is announced, and a press conference is to be held.

·       European Central Bank President Christine Lagarde gives a  pre-recorded video message at the Women's Forum event "Equality – Really?! (Gerechtigkeit – Echt jetzt?!)" organized by Oesterreichische Nationalbank in Vienna, Austria.

·       Switzerland Unemployment Rate (February)

·       Romania Retail Sales (January)

·       Hungary Industrial Production (January)/ Retail Sales (January)

·       Slovakia Retail Sales (January)

·       Euro Area HCOB Construction PMI (February)/ Retail Sales (January)/ Deposit Facility Rate/ Marginal Lending Rate/

·       France HCOB Construction PMI (February)

·       Germany HCOB Construction PMI (February)/ New Car Registrations (February)

·       Italy HCOB Construction PMI (February)

·       Great Britain S&P Global Construction PMI (February)

·       Turkey TCMB Interest Rate Decision/ Overnight Lending & Borrowing Rate (March)/ Foreign Exchange Reserves (February/28)

·       Ukraine Interest Rate Decision

·       Russia Vehicle Sales (February)

 

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Business Confidence (February)

 

Africa

Political/Social Events –

·       Ghana celebrates Independence Day, when the country gained independence from Great Britain in 1957.

Economic Reports/Events –

·       South Africa Current Account Q4

 

 

Friday, March 7, 2025

Global

·       The first meeting of the BRICS Information & Communications Technologies Working Group under the chairmanship of Brazil (who is chairing the BRICS in 2025) will be held in Sao Paulo, Brazil. They are expected to discuss connectivity issues, space and environmental sustainability, and the digital ecosystem.   Also, the 3rd meeting of the BRICS Agriculture Working Group is being held in Sao Paulo.

 

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Federal Reserve Board Chair Jerome H. Powell gives a speech on the Economic Outlook at the University of Chicago Booth School of Business 2025 U.S. Monetary Policy Forum in New York.

·       Federal Reserve Board Governor Michelle W. Bowman participates in a discussion entitled Monetary Policy Transmission Post-COVID” at The University of Chicago Booth School of Business 2025 U.S. Monetary Policy Forum in New York.

·       Federal Reserve Board Governor Adriana D. Kugler gives a speech entitled” The Rebalancing of Labor Markets Across the World” at the Bank of Portugal’s Conference on Monetary Policy Transmission and the Labor Market, Lisbon, Portugal.  She gives a second speech later in the day at the Conference.

·       New York Federal Reserve Bank President John Williams participates in panel discussion of the U.S. Monetary Policy Forum Report, “Monetary Policy Transmission Post-Covid" organized by the University of Chicago Booth School of Business.

·       Chile Inflation Rate (February)/ Imports/ Exports/ Balance of Trade (February)

·       Brazil Bank Lending (January)/ Car Production (February)/ Balance of Trade (February)

·       Mexico Inflation Rate (February)/ Auto Exports (February)/ Auto Production (February)

·       Canada Unemployment Rate (February)/ Employment Change (February)/ Full & Part Time Employment Change (February)/ Participation Rate (February)/ Average Hourly Wages (February)/ Capacity Utilization Q4

·       USA Unemployment Rate (February)/ Average Hourly Earnings (February)/ Participation Rate (February)/ Government & Manufacturing Payrolls (February)/ U-6 Unemployment Rate (February)/ Baker Hughes Total Rigs Count (March/07)/ Consumer Credit Change (January)/ Used Car Prices (February)

·       Costa Rica Inflation Rate (February)

·       Argentina Industrial Production (January)

·       Colombia Inflation Rate (February)

·       El Salvador Inflation Rate (February)

 

Asia

Political/Social Events –

·       Japan and the U.K.'s economy ministers are scheduled to meet in Tokyo for what's been dubbed a first-of-its-kind "two-plus-two" dialogue -- typically a regular meeting of foreign and trade ministers. The pair are likely to commit to strengthening economic ties in the wake of growing uncertainty over Washington's trade policies.

·       Vietnam places temporary anti-dumping levies against Chinese steel products.

Economic Reports/Events –

·       South Korea Current Account (January)

·       Philippines Industrial Production (January)/ Foreign Exchange Reserves (February)

·       Sri Lanka Tourist Arrivals (February)

·       China Imports/ Exports/ Balance of Trade (January & February)/ Foreign Exchange Reserves (February)

·       Indonesia Foreign Exchange Reserves (February)

·       Thailand Foreign Exchange Reserves (February)

·       Taiwan Imports/ Exports/ Balance of Trade (February)/ Inflation Rate (February)

·       Hong Kong Foreign Exchange Reserves (February)

·       Singapore Foreign Exchange Reserves (February)

·       India Foreign Exchange Reserves (February/28)

 

Europe

Political/Social Events –

·       There will be a meeting of EU Justice and Home Affairs Council (Justice) in Brussels.  The agenda items include a policy debate on “insolvency, the rule of law as a pillar of democracy, and the fight against impunity, and fundamental rights including on the application of the EU Charter on Fundamental Rights.”

Economic Reports/Events –

·       European Central Bank President Christine Lagarde gives the welcome address at the ECB International Women's Day 2025 conference "Closing the Financial Literacy Gap" in Frankfurt, Germany.  Later, she participates in a conversation with Claudia Buch, Klaas Knot, Annamaria Lusardi, Joachim Nagel, and Fabio Panetta at ECB International Women's Day 2025 conference "Closing the Financial Literacy Gap" in Frankfurt, Germany.

·       Bank of England Member of the Monetary Policy Committee Catherine Mann will give a keynote lecture at the Reserve Bank of New Zealand Research Conference entitled “holding anchor in turbulent waters”

·       Germany Factory Orders (January)

·       Romania GDP Growth Rate Q4

·       Great Britain Halifax House Price Index (February)/ BBA Mortgage Rate (February)

·       France Imports/ Exports/ Balance of Trade (January)/ Current Account (January)/ Foreign Exchange Reserves (February)

·       Slovakia GDP Growth Rate Q4

·       Spain Industrial Production (January)

·       Switzerland Foreign Exchange Reserves (February)

·       Slovenia Balance of Trade (January)

·       Euro Area Employment Change Q4/ GDP Growth Rate Q4

·       Greece GDP Growth Rate Q4

·       Ireland Current Account Q4/ GDP Growth Rate Q4/ GNP Q4/ Industrial Production (January)

·       Ukraine Foreign Exchange Reserves (February)

·       Turkey Treasury Cash Balance (February)

 

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Foreign Exchange Reserves (February)

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Foreign Exchange Reserves (February)

·       Nigeria Balance of Trade (October)/ Balance of Trade (November)/ Balance of Trade (December)

 

 

Saturday, March 8, 2025

Global

·       Nothing significant to report.

 

Americas

Political/Social Events –

·       Brazil celebrates the last day of the Rio Carnival.

Economic Reports/Events –

·       Nothing significant to report.

 

Asia

Political/Social Events –

·       Elections are held in Western Australia for local legislative assembly and legislative council seats.

Economic Reports/Events –

·       Nothing significant to report.

 

Europe

Political/Social Events –

·       Nothing significant to report.

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, March 9, 2025

Global

·       Nothing significant to report.

 

Americas

Political/Social Events –

·       Canada’s Liberal Party selects a new leader.

·       Honduras holds primary elections.

·       Daylight Savings Time begins in the US.

Economic Reports/Events –

·       Nothing significant to report.

 

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       China Inflation Rate (February)/ PPI (February)

 

Europe

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

 

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Saudi Arabia GDP Growth Rate Q4

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

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