The Global Week Ahead

Mar 30

Trump’s “Liberation Day” Finally Arrives, Special Elections in Florida, EU Defense and Foreign Ministers Meet, China and Russia’s Foreign Ministers Talk Ukraine, and Fed Chair Powell and ECB President Lagarde Closely Watched Speeches

March 30 - April 6, 2025

After months of expectation and many questions, President Trump's "Liberation Day" arrives on Wednesday. It is likely to establish a wide sweep of reciprocal tariffs impacting many sectors and countries.

While details remain murky, leaving financial markets jittery, President Trump announced a 25% tariff on autos last week (that takes effect on Thursday) as well as a 25% secondary tax on any country that buys oil or gas from Venezuela. There is speculation Trump will focus mostly on the "Dirty 15." Which countries exactly are on this list is not clear, but it is expected to include China, the EU, Mexico, Vietnam, Taiwan, Japan, South Korea, Canada, India, Thailand, Switzerland, Malaysia, Indonesia, Cambodia, and South Africa.

Elsewhere in the US this week, several elections are being held, which are being seen as indicators of referendums on President Trump's policies. Two of the elections are in Florida to replace two Republican members of the House of Representatives - one being current National Security Advisor Michael Walz and the other to fill the seat of former Congressman Matt Gaetz, who resigned in the face of a blistering Congressional Ethics Committee report suggesting he had committed multiple crimes.

The other major election is for a state supreme court seat in Wisconsin. Republicans nationally have poured money into the campaign – led by Elon Musk, who has contributed millions to support the Republican candidate.

In Europe, EU Defense and Foreign Ministers will gather in Warsaw, Poland, to discuss the Ukrainian War and how to further push forward mutual defense and security planning. Also this week, the EU Parliament will discuss the EU's common foreign, defense, and security policy objectives for 2025 with EU foreign policy chief Kaja Kallas. They are set to call on the EU to invest more in its defense sector, which also means increasing military and political support for Ukraine. The vote will take place on Wednesday and vote on additional funding to support the effort.

Meanwhile, in Moscow this week, China Foreign Minister Wang Yi will meet with Russian Foreign Minister Sergey Lavrov to discuss the Ukraine War, relations with the US, and other matters of mutual concern. The meeting could result in China showing a willingness to play a role in the effort to reach a cease-fire in Ukraine – and likely complicate the overall talks.

On the global economic radar screen this week, markets will listen closely to speeches Federal Reserve Board Chair Jay Powell gives Friday on the state of the economy and European Central Bank (ECB) President Christine Lagarde on Tuesday at an ECB AI Conference.

Looking at the flow of major economic reports being released this week, the US ISM Indices (for manufacturing and services) are out this week. In Europe, the ECB's last interest rate meeting minutes are out on Wednesday. Also this week, Germany's factory orders and French industrial production figures are out this week.

In Asia, China's official PMI report is out on Monday, and the Caixin indices are out on Tuesday and Thursday. Japan's Tankan Survey is out on Tuesday, and the overall economic activity report is on Monday.

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

Sunday, March 30, 2025

Global

· Eid al-Fitr will be observed. It is the first of the two official holidays celebrated within Islam. Eid al-Fitr is celebrated by Muslims worldwide because it marks the end of the month-long dawn-to-dusk fasting of Ramadan.

Americas

Political/Social Events –

· U.S. Defense Secretary Pete Hegseth will meet with his Japanese counterpart in Tokyo, Japan, where they may discuss Japan's plans for defense spending.

· Bolivian ex-President Evo Morales leads meeting to create a new political party in Villa Tunari, Bolivia.

· Opening session of the Assembly of Governors of the Inter-American Development Bank (IDB) in Santiago, Chile.

Economic Reports/Events –

· Nothing significant to report.

Asia

Political/Social Events –

· The trade ministers of South Korea, Japan and China will meet in Seoul, South Korea, to discuss economic cooperation, including progress on a free trade agreement.

Economic Reports/Events –

· Nothing significant to report.

Europe

Political/Social Events –

· European Daylights Savings time begins.

Economic Reports/Events –

· Nothing significant to report.

Middle East

Political/Social Events –

· Greek Prime Minister Kyriakos Mitsotakis will meet Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Israel.

Economic Reports/Events –

· Nothing significant to report.

Africa

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

· Nothing significant to report.

Monday, March 31, 2025

Global

· India, Iran, Malaysia, Nigeria, Singapore, Turkey, UAE all celebrate Eid e-Fetr (End of Ramadan) holiday. Financial markets closed.

· Today is an official holiday at the United Nations. UN Headquarters are closed.

· In London, the International Border Security Summit on tackling criminal networks leading migrant smuggling takes place through April 1.

· The OECD releases report on “The Ocean Economy to 2050” during the SOS Ocean summit in Paris.

Americas

Political/Social Events –

· President Trump is expected to review proposals for the construction of his Golden Dome project which would replicate the Israeli Iron Dome defense system but in this case would be satellite based.

Economic Reports/Events –

· Brazil Gross Debt to GDP (February)/ Nominal Budget Balance (February)/ BCB Focus Market Readout/ Federal Tax Revenues (January & February)

· Chile Copper Production (February)/ Industrial Production (February)/ Manufacturing Production (February)/ Retail Sales (February)

· USA Chicago PMI (March)/ Dallas Fed Manufacturing Index (March)/ Prospective Plantings & Quarterly Grain Stocks – Corn/ Cotton/ Soy/ Wheat 2025

· Colombia Unemployment Rate (February)/ Interest Rate Decision/ Cement Production (February)

· Uruguay Balance of Trade (February)

· Costa Rica Current Account Q4

· El Salvador GDP Growth Rate Q4

· Argentina Tax Revenue (February)

Asia

Political/Social Events –

· Chinese Foreign Minister Wang Yi will visit Moscow for meetings through April 2 to meet with Russian Foreign Minister Sergey Lavrov. The meeting, according to the Russian Foreign Ministry, will focus on the Ukraine War.

· The presidents of Kyrgyzstan, Tajikistan and Uzbekistan will meet in Khujand, Tajikistan, for their first-ever trilateral summit.

Economic Reports/Events –

· The Reserve Bank of Australia meets and announce their interest rate decision.

· South Korea Industrial Production (February)/ Retail Sales (February), Short-selling will resume for all shares on the Seoul’s stock market for the first time in five years.

· Japan Retail Sales (February)/ Industrial Production (February)/ Housing Starts (February)/ Construction Orders (February)

· New Zealand ANZ Business Confidence (March)

· Australia Housing Credit (February)/ Private Sector Credit (February)

· China NBS Manufacturing/ Non-Manufacturing/ General PMI (March)

· Thailand Retail Sales (January)/ Current Account (February)/ Private Consumption (February)/ Private Investment (February)

· Hong Kong Retail Sales (February)

· Sri Lanka Unemployment Rate Q4

· Pakistan Consumer Confidence (March)

Europe

Political/Social Events –

· In Belgium, trade unions are due to stage a general strike over the government’s proposed labor market reforms. Departing flights from Brussels airport and Charleroi airport are set to be cancelled for the day.

· In Turkey, large protests are expected to continue throughout the week over the arrest of Ekrem Imamoglu, Istanbul’s Mayor and the 2028 opposition presidential candidate.

· In Paris, the court decision is due in far-right leader Marine Le Pen’s trial over allegedly using European parliament funds to pay party workers.

· Stamp Duty Land Tax reduced rate of £250,000 ends in England and Northern Ireland.

Economic Reports/Events –

· European Central Bank Governing Council Member Fabio Panetta gives a speech in Rome, Italy.

· European Central Bank Governing Council Member Francois Villery gives a speech in Paris.

· Germany Retail Sales (February)/ Import Prices (February)/ Baden Wuerttemberg CPI (March)/ Bavaria CPI (March)/ Brandenburg CPI (March)/ Hesse CPI (March)/ North Rhine Westphalia CPI (March)/ Saxony CPI (March)/ Inflation Rate (March)

· Hungary Balance of Trade (February)/ Gross Wage (January)/ PPI (February)

· Poland Inflation Rate (March)

· Spain Current Account (January)

· Slovenia Inflation Rate (March)

· Great Britain BoE Consumer Credit (February)/ Mortgage Lending & Approvals (February)/ M4 Money Supply (February)/ Net Lending to Individuals (February)

· Greece Retail Sales (January)

· Italy Inflation Rate (March)

· Ireland Harmonized Inflation Rate (March)

· Serbia Balance of Trade (February)/ Industrial Production (February)/ Retail Sales (February)

· Ukraine Current Account (February)/ GDP Growth Rate Q4

· Russia M2 Money Supply (February)

Middle East

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

· Israel Inflation Expectations (March)

· Kuwait M2 Money Supply (February)/ Private Bank Lending (February)

Africa

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

· South Africa M3 Money Supply (February)/ Private Sector Credit (February)/ Balance of Trade (February)

· Kenya Inflation Rate (March)

· Egypt M2 Money Supply (February)

Tuesday, April 1, 2025

Global

· France assumes the presidency of the UN Security Council for the month of April. There will be a press briefing by Jérôme Bonnafont, the Permanent Representative of France to the United Nations and President of the Security Council discussing the agenda for the month.   

· The BRICS Contact Group on Climate Change and Sustainable Development meets in Brazil.

· OPEC+ nations will begin gradually reducing voluntary oil production cuts.

Americas

Political/Social Events –

· In Florida, Florida holds a pair of special elections to fill the House of Representatives seats vacated by Michael Waltz, picked as national security adviser by Donald Trump, and Matt Gaetz, the US president’s first choice for attorney-general. Republicans are expected to easily retake both seats.

· The hotly contested election for an open Wisconsin Supreme Court seat will be held.

· The US is expected to publish an action plan to address Chinese intellectual property theft by April 1.

· A U.S. deal to purchase two Panama ports from Hong Kong company CK Hutchison Holdings will likely be delayed past the April 2 deadline as Beijing conducts a regulatory review.

Economic Reports/Events –

· Richmond Federal Reserve Bank President Tom Barkin will give a speech and participate in a conversation at the Council on Foreign Relations in New York.

· Chile IMACEC Economic Activity (February)

· Mexico Business Confidence (March)/ S&P Global Manufacturing PMI (March)

· USA Redbook (March/29)/ S&P Global Manufacturing PMI (March)/ ISM Manufacturing PMI (March)/ JOLTs Job Openings (February)/ RCM/TIPP Economic Optimism Index (April)/ Dallas Fed Services Index (March)/ API Crude Oil Stock Change (March/28)

· Brazil S&P Global Manufacturing PMI (March)

· Canada S&P Global Manufacturing PMI (March)

· Colombia Davivienda Manufacturing PMI (March)

· Uruguay Current Account Q4

· Peru Inflation Rate (March)

Asia

Political/Social Events –

· South Korea’s Constitutional Court will likely make a final decision on the impeachment of President Yoon Suk Yeol.

· Vietnamese Foreign Minister Bui Thanh Son will meet with Russian Foreign Minister Sergey Lavrov in Moscow.

· India's Parliament will hold a budget session.

· Pakistan's Prime Minister Shahbaz Sharif will visit Germany through April 3.

Economic Reports/Events –

· Australia S&P Global Manufacturing PMI Final (March)/ Retail Sales (February)/ RBA Interest Rate Decision/ Commodity Prices (March)/ RBA Press Conference/ CoreLogic Dwelling Prices (March)

· Japan Unemployment Rate (February)/ Tankan Large All Industry Capex Q1/ Jibun Bank Manufacturing PMI Final (March)

· South Korea Imports/ Exports/ Balance of Trade (March)

· Philippines S&P Global Manufacturing PMI (March)/ Budget Balance (February)

· Taiwan S&P Global Manufacturing PMI (March)

· Thailand S&P Global Manufacturing PMI (March)

· Vietnam S&P Global Manufacturing PMI (March)

· Singapore URA Property Index Q1

· China Caixin Manufacturing PMI (March)/ Current Account Final Q4

· Kazakhstan Inflation Rate (March)

· Pakistan Inflation Rate (March)/ Wholesale Prices (March)/ Balance of Trade (March)

· New Zealand Global Dairy Trade Price Index (April/01)

Europe

Political/Social Events –

· Germany coalition talks between the CDU/CSU Parties and the SPD will continue and may result in an agreement and announcement.

· The EU Parliament will assess the outcome of the 20 March European Council, with Presidents António Costa and Ursula von der Leyen. The summit focused on the EU’s competitiveness, Ukraine, defense and security, the Middle East, the EU’s next long-term budget, migration, and multilateralism. Later in the day, Members of Parliament will discuss the EU's common foreign, defense and security policy objectives for 2025 with EU foreign policy chief Kaja Kallas. They are set to call on the EU to invest more in its defense sector, which also means increasing military and political support for Ukraine. MEPs may also advocate expanding the EU’s presence in the Middle East and doing more to support EU enlargement countries. The vote will take place on Wednesday, followed by a press conference.

· In the UK, the National Living Wage and National Minimum Wage increases go into effect.

· Slovak President Peter Pellegrini will receive Polish President Andrzej Duda for a bilateral meeting.

· In Tbilisi, Georgia, Pro-EU protesters will stage anti-government rally.

· Today is Cyprus National Day, a public holiday celebrating the beginning of the revolt against British occupation.

Economic Reports/Events –

· European Central Bank President Christine Lagarde will give a speech at the ECB’s AI Conference in Frankfurt, Germany. Philip Lane will also speak.

· European Central Bank Executive Board member Piero Cipollone gives keynote speech at Regional Governors’ Meeting organized by the Croatian National Bank in Osijek, Croatia

· Bank of England Monetary Policy Committee external member Megan Greene gives keynote speech at the UK Women in Economics Network event in London.

· Ireland AIB Manufacturing PMI (March)

· Romania Unemployment Rate (February)

· Russia S&P Global Manufacturing PMI (March)

· Great Britain Nationwide Housing Prices (March)/ S&P Global Manufacturing PMI (March)

· Switzerland Retail Sales (February)/ procure.ch Manufacturing PMI (March)

· Hungary HALPIM Manufacturing PMI (March)

· Poland S&P Global Manufacturing PMI (March)

· Spain HCOB Manufacturing PMI (March)/ New Car Sales (March)

· Italy HCOB Manufacturing PMI (March)/ Unemployment Rate (February)

· France HCOB Manufacturing PMI (March)

· Germany HCOB Manufacturing PMI (March)

· Euro Area HCOB Manufacturing PMI (March)/ ECB Cipollone Speech/ Inflation Rate Flash (March)/ Unemployment Rate (February)/ CPI Flash (March)/ ECB President Lagarde Speech/ ECB Lane Speech

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

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 –

· Nigeria Stanbic IBTC Bank Nigeria PMI (March)

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

Wednesday, April 2, 2025

Global

· Nothing significant to report.

Americas

Political/Social Events –

· Today is President Trump’s “Liberation Day” in which launch a series of stiff tariffs on Canada, Mexico, and number of other countries.

Economic Reports/Events –

· Federal Reserve Board Governor Adriana D. Kugler gives a speech entitled “Inflation Expectations and Monetary Policymaking” at the Griswold Center for Economic Policy Students and Julis-Rabinowitz Center for Public Policy and Finance 2025 Public Talk (virtual).

· Brazil IPC-Fipe Inflation (March)/ Bank Lending (February)/ Industrial Production (February)

· USA MBA Mortgage Market Index (March/28)/ MBA Purchase Index (March/28)/ ADP Employment Change (March)/ Factory Orders (February)/ EIA Crude Oil & Gasoline Stocks Change (March/28)/ Fed Kugler Speech/ LMI Logistics Managers Index (March)/ Total Vehicle Sales (March)

· Colombia Exports (February)

Asia

Political/Social Events –

· The BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) Summit begins in Bangkok, Thailand. The seven-nation regional grouping comprising mostly South Asian countries who will focus on strengthening transport connectivity. Indian Prime Minister Narendra Modi is among the leaders attending the summit of the BIMSTEC, or Bay of Bengal. BIMSTEC includes Bangladesh, Bhutan, Myanmar, Nepal and Sri Lanka besides India and Thailand.

· Indian Prime Minister Narendra Modi will visit Thailand.

Economic Reports/Events –

· New Zealand Building Permits (February)

· Australia Ai Group Industry Index (March)/ TD-MI Inflation Gauge (March)/ Building Permits (February)/ Private House Approvals (February)/ RBA Chart Pack

· South Korea Inflation Rate (March)

· Indonesia S&P Global Manufacturing PMI (March)

· Malaysia S&P Global Manufacturing PMI (March)

· Philippines PPI (February)

· India HSBC Manufacturing PMI Final (March)/ M3 Money Supply (March/21)

· Singapore SIPMM Manufacturing PMI (March)

Europe

Political/Social Events –

· There will be an informal meeting of EU Defense Ministers through April 3 in Warsaw, Poland.

Economic Reports/Events –

· Romania PPI (February)

· France Budget Balance (February)

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

· Turkey Istanbul Chamber of Industry Manufacturing PMI (March)

· Ireland Unemployment Rate (March)

· Russia Summary of the Key Rate Discussion/ Unemployment Rate (February)/ Business Confidence (March)/ Real Wage Growth (January)/ Retail Sales (February)/ GDP (January & February)

· Poland Interest Rate Decision (April)

· Italy New Car Registrations (March)

Middle East

Political/Social Events –

· Iraq will observe Faili Martyrs Day, a national holiday.

Economic Reports/Events –

· Nothing significant to report.

Africa

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

· Egypt Foreign Exchange Reserves (March)

Thursday, April 3, 2025

Global

· BRIC Environment Ministers will meet in Brazil.

Americas

Political/Social Events –

· The United States' 25% tariffs on finished passenger vehicles will go into effect.

Economic Reports/Events –

· Federal Reserve Board Vice Chair Philip N. Jefferson gives a speech entitled “U.S. Economic Outlook and Central Bank Communications” at the Federal Reserve Bank of Atlanta and University of Virginia Conference on Financial Intermediaries, Markets, and Monetary Policy, Atlanta, Georgia.

· Federal Reserve Governor Lisa D. Cook gives a speech on the economic outlook at the University of Pittsburgh 2025 McKay Lecture, Pittsburgh, Pennsylvania.

· SA Challenger Job Cuts (March)/ Imports/ Exports/ Balance of Trade (February)/ Initial Jobless Claims (March/29)/ S&P Global Composite & Services PMI (March)/ ISM Services PMI (March)/ 15- & 30-Year Mortgage Rate (April/03)/ Fed Balance Sheet (April/02)

· Mexico Gross Fixed Investment (January)

· Canada Imports/ Exports/ Balance of Trade (February)/ S&P Global Composite & Services PMI (March)

· Brazil S&P Global Composite & Services PMI (March)

· Uruguay Inflation Rate (March)

· Paraguay Inflation Rate (March)

· Argentina Tax Revenue (March)

· Colombia Monetary Policy Meeting Minutes

Asia

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

· Reserve Bank of Australia Governor Michele Bullock and Assistant Governor Christopher Kent appear before Senate panel on budget.

· South Korea Foreign Exchange Reserves (March)

· Australia S&P Global Composite & Services PMI Final (March)/ Imports/ Exports/ Balance of Trade (February)/ RBA Financial Stability Review

· Japan Foreign Bond Investment (March/29)/ Stock Investment by Foreigners (March/29)/ Jibun Bank Composite & Services PMI Final (March)/ Foreign Exchange Reserves (March)

· Hong Kong S&P Global PMI (March)

· Singapore S&P Global PMI (March)

· China Caixin Composite & Services PMI (March)

· Thailand Business Confidence (March)

· Sri Lanka Current Account Q4

Europe

Political/Social Events –

· NATO foreign ministers gather for a two-day meeting in Brussels. NATO Secretary-General Mark Rutte will address the media on both days.

Economic Reports/Events –

· European Central Bank Vice President Luis de Guindos gives keynote speech on `Financial Stability in Uncertain Time’ at 2025 Chief Executives Forum organized by International Federation of Accountants Forum (IFAC) in Amsterdam.

· European Central Bank Board Member Isabel Schnabel at OECD Lectures of the Governor event in Paris.

· The European Central Bank releases last month’s monetary policy meeting minutes.

· Ireland AIB Services PMI (March)

· Russia S&P Global Composite & Services PMI (March)

· Switzerland Inflation Rate (March)

· Turkey Inflation Rate (March)/ PPI (March)/ Foreign Exchange Reserves (March/28)

· Spain HCOB Composite & Services PMI (March)

· Italy HCOB Composite & Services PMI (March)

· France HCOB Composite & Services PMI (March)

· Euro Area ECB Guindos Speech/ HCOB Composite & Services PMI (March)/ PPI (February)/ ECB Schnabel Speech/ ECB Monetary Policy Meeting Accounts

· Germany HCOB Composite & Services PMI (March)

· Great Britain S&P Global Composite & Services PMI Final (March)

Middle East

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

· Jordan PPI (February)

Africa

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

· Egypt S&P Global PMI (March)

· Mozambique Standard Bank PMI (March)

· South Africa S&P Global PMI (March)

· Ghana S&P Global PMI (March)

Friday, April 4, 2025

Global

· Nothing significant to report.

Americas

Political/Social Events –

· Microsoft celebrates being founded 50 years ago.

Economic Reports/Events –

· Federal Reserve Board Chair Jerome H. Powell gives a speech on the economic outlook at the Society for Advancing Business Editing and Writing (SABEW) Annual Conference, Arlington, Virginia.

· Federal Reserve Board Governor Michael S. Barr gives a speech on artificial intelligence and banking at the Federal Reserve Bank of San Francisco, San Francisco State University, and University of California Santa Cruz 2025 Fintech Conference, San Francisco, California.

· Federal Reserve Board Governor Christopher J. Waller gives a speech on the payments system at the 2025 New York Fed Innovation Conference, New York, New York.

· Mexico Foreign Exchange Reserves (February)/ Consumer Confidence (March)

· Canada Unemployment Rate (March)/ Employment Change (March)/ Participation Rate (March)

· USA Unemployment Rate (March)/ Participation Rate (March/ Baker Hughes Total Rigs Count (April/04)

· Ecuador Inflation Rate (March)

· Uruguay Unemployment Rate (February)

· Brazil Balance of Trade (March)

· Colombia PPI (March)

Asia

Political/Social Events –

· The EU-Central Asia Summit, the first between the EU and leaders from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan takes place in Uzbekistan.

· Indian Prime Minister Narendra Modi will visit Sri Lanka for a three-day state visit after the BIMSTEC summit in Thailand and hold discussions with Sri Lankan President Anura Kumara Dissanayaka. The island nation was seen as becoming more pro-China during the administration of former President Gotabaya Rajapaksa, but Dissanayake, who took office in September last year, chose India for his first overseas visit, a move widely seen as tipping the balance between the two big powers. Several memoranda of understanding are expected to be exchanged.

Economic Reports/Events –

· Japan Household Spending (February)

· Philippines Inflation Rate (March)

· Indonesia Foreign Exchange Reserves (March)

· Thailand Inflation Rate (March)

· India HSBC Composite & Services PMI Final (March)/ Foreign Exchange Reserves (March/28)

· Singapore Retail Sales (February)

Europe

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

· Switzerland Unemployment Rate (March)

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

· Hungary Industrial Production (February)

· France Industrial Production (February)/ HCOB Construction PMI (March)/ New Car Registrations (March)

· Spain Industrial Production (February)

· Italy HCOB Construction PMI (March)/ Retail Sales (February)

· Great Britain New Car Sales (March)/ S&P Global Construction PMI (March)

· Euro Area HCOB Construction PMI (March)/ ECB Guindos Speech

· Slovenia Balance of Trade (February)

· Serbia PPI (March)

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

· Russia Vehicle Sales (March)

Middle East

Political/Social Events –

· Nothing significant to report.

Economic Reports/Events –

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

· Jordan GDP Growth Rate Q4

Africa

Political/Social Events –

· Senegal celebrates Independence Day, a national holiday.

Economic Reports/Events –

· Ghana Inflation Rate (March)

Saturday, April 5, 2025

Global

· Nothing significant to report.

Americas

Political/Social Events –

· The US Government’s TikTok ban comes into force. Chinese owner ByteDance is required to either shut the app down or sell.

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 –

· Nothing significant to report.

Economic Reports/Events –

· Euro Area ECB Schnabel Speech

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, April 6, 2025

Global

· Nothing significant to report.

Americas

Political/Social Events –

· Brazilian right-wing supporters will demonstrate in Sao Paulo in support of former President Jair Bolsonaro.

Economic Reports/Events –

· Nothing significant to report.

Asia

Political/Social Events –

· Daylight Savings ends in Australia.

Economic Reports/Events –

· Vietnam Balance of Trade (March)/ Foreign Direct Investment (March)/ GDP Growth Rate Q1/ Industrial Production (March)/ Inflation Rate (March)/ Retail Sales (March)/ Tourist Arrivals (March)

The Global Week Ahead

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