The Global Week Ahead

Written By Francis Kelly

March 3 - 10, 2024

The situation in Gaza will continue to hold the attention of the world this coming week. Ramadan begins this coming Sunday, and with it comes a strict Israeli deadline for Hamas to release all remaining Israeli hostages. As of this writing, reports are circulating that the outlines of a deal have tentatively been agreed to – but if the deal fails, Israeli forces are likely to begin a full-scale assault on the city of Rafah – a city with more than a million residents and refugees along with sizeable Hamas forces. If an agreement is finalized, a ceasefire – likely for at least a month – will go into place.   

Elsewhere in the world, China holds its People's Political Consultative Conference – China's top political consultive body where most of the meetings are behind closed doors – in Beijing. The weeklong annual legislative season is known as the "Two Sessions." Premier Li Qiang is expected to present a report at the National People's Congress on Tuesday, unveiling the GDP growth target for 2024 along with national budget and socioeconomic policy outlines. The pressure is on President Xi Jinping to successfully move policies to revive the lackluster economy and increasing internal social tensions.

In the U.S., three significant events occur this week, which will signal the longer-term political and economic outlook. First, the Super Tuesday primaries are on Tuesday, effectively confirming a rematch of President Joe Biden against former President Donald Trump in November. Then, on Tuesday, President Biden gives his annual State of the Union Address, pushing for a completion of the budget, reform of the U.S. border security situation, aid for Ukraine, Israel, and Taiwan, and a host of other issues.

The third significant event will be Federal Reserve Board Chair Jay Powell's semi-annual Monetary Policy Report to Congress on Wednesday and Thursday. Markets – and voters – will get a better sense of the state of the economy and (maybe) a better sense of when interest rates may begin to come down.

Elsewhere on the global economic radar screen this week, markets will be watching and listening carefully to the European Central Bank's interest rate decision and ECB President Christine Lagarde's press conference to get a sense of the state of Europe's economy. Also in Europe this week, the U.K.'s budget will be released – not just important economically but also politically for the struggling conservative government.

In the U.S., the jobs report will be closely watched along with the release of the Fed's Beige Book on Wednesday.   

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

Sunday, March 3, 2024

Global

 

Americas

Political/Social Events –

  • El Salvador holds local elections.

Economic Reports/Events –

  • Nothing significant to report.

 

Asia

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

Europe

Political/Social Events –

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

Economic Reports/Events –

  • Nothing significant to report.

 

Middle East

Political/Social Events –

  • Iran’s President Ebrahim Raisi is heading to Algeria this weekend for a two-day visit in the first official trip by an Iranian president to the North African country in some 14 years.

Economic Reports/Events –

  • Nothing significant to report.

 

Africa

Political/Social Events –

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

Economic Reports/Events –

  • Nothing significant to report.

 

 

Monday, March 4, 2024

Global

 

Americas

Political/Social Events –

Economic Reports/Events –

  • Philadelphia Federal Reserve Bank President Patrick Harker to speak on the "Economic Impact of Higher Education" before the 2024 American Council on Education Presidents and Chancellors Summit.

  • Brazil IPC-Fipe Inflation (February), BCB Focus Market Readout

  • Mexico Gross Fixed Investment DEC

  • Colombia Exports (January), PPI (February)

  • USA 3-, 6-Month Bill Auction

 

Asia

Political/Social Events –

  • China's People's Political Consultative Conference – China’s top political consultive body – meets in Beijing. The weeklong annual legislative season is known as the "Two Sessions." Premier Li Qiang is expected to present a report at the National People's Congress on Tuesday, unveiling the GDP growth target for 2024 along with national budget and socioeconomic policy outlines.  Approximately 5,000 delegates will take part in discussions -- most of them behind closed doors.

  • Pakistan’s National Assembly is expected to formally select Shehbaz Sharif as the next Prime Minister.  Sharif is the former President, and his election will likely spark nationwide protests as opposition parties allege the February 8 election was rigged.

  • Australian Prime Minister Anthony Albanese hosts a special three-day summit for the Association of Southeast Asian Nations (ASEAN) in Melbourne, Australia.

  • South Korea and the U.S. will commence the annual “Freedom Shield” military exercises as part of efforts to guard against the threat posed by North Korea. According to Nikkei News, the drills run for ten days and involve live, virtual, and field-based training, with the involvement of personnel from various military services aimed at "enhancing interoperability and elevating combat readiness." Seoul and Washington are working to remain combat-ready as Pyongyang escalates its weapons development.

  • Today is the Anniversary of The Coronation of The Sultan of Terengganu, the Sultan of Malaysia.  It is a national holiday, and financial markets are closed.

Economic Reports/Events –

  • New Zealand Imports/ Exports/ Terms of Trade Q4

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

  • Japan Capital Spending Q4

  • Australia TD-MI Inflation Gauge (February), Building Permits Prel (January), Company Gross Profits Q4, ANZ-Indeed Job Ads (February), Business Inventories Q4, Private House Approvals Prel (January) 

 

Europe

Political/Social Events –

Economic Reports/Events –

  • Switzerland SNB 2023 Annual Report, Inflation Rate (February), CPI(February)

  • Romania PPI (January), Unemployment Rate (January)

  • Turkey Inflation Rate (February), CPI(February), PPI (February), Auto Sales (February), Imports/ Exports/ Balance of Trade (February)

  • France Budget Balance (January), 3-, 6-, 12-Month BTF Auction, New Car Registrations (February)

  • Slovakia Real Wages Q4

  • Spain Unemployment Change (February), Tourist Arrivals (January)

  • Euro Area EU-Bonds auction

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Pakistan Consumer Confidence (February)

  • Kuwait M2 Money Supply (January), Private Bank Lending (January)

 

Africa

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Ethiopia Inflation Rate (January)

 

 

Tuesday, March 5, 2024

Global

 

Americas

Political/Social Events –

  • Today is “Super Tuesday” primaries are held.  More than one-third of all presidential delegates (874 of the necessary 2,429 Republican delegates) are chosen, but the outcome seems already settled as President Biden will face former President Donald Trump in November.  The states holding primaries are Alabama, Alaska, Arkansas, California, Colorado, Maine, Massachusetts, Minnesota, North Carolina, Oklahoma, Tennessee, Texas, Utah, Vermont, Virginia, and the territory of American Samoa.

  • California holds congressional and senate primary elections.  Los Angeles also holds City Council elections.  In the senate primary, Congressman Adam Schiff (D-CA) is leading in the polls and will likely face former Major League Baseball Hall of Famer Steve Garvey (R-CA) in the November general elections.

  • The Wall Street Journal hosts its annual CFO Network Summit in New York through March 6.  

  • Economic Reports/Events –

  • Federal Reserve Vice Chair for Supervision Michael S. Barr will give a speech entitled “Community Reinvestment Act Modernization: An Interagency Leadership Conversation” at the 2024 National Interagency Community Reinvestment Conference (virtual).

  • Federal Reserve Bank of Minneapolis President & CEO Neel Kashkari will speak at the Wall Street Journal CFO Network Summit in New York.

  • Brazil PPI (January), S&P Global Services PMI Final (February), S&P Global Composite PMI Final (February)

  • Canada S&P Global Services PMI Final (February), S&P Global Composite PMI Final (February)

  • USA Redbook  MAR/02, S&P Global Services PMI Final(February), S&P Global Composite PMI Final(February), ISM Services PMI(February), Factory Orders (January), RCM/TIPP Economic Optimism Index MAR, Factory Orders ex Transportation(January), ISM Services Business Activity/ Employment/ New Orders/ Prices(February), API Crude Oil Stock Change MAR/01, LMI Logistics Managers Index Current(February), Total Vehicle Sales(February)

  • Paraguay Inflation Rate (February)

  • Uruguay Inflation Rate (February)

 

Asia

Political/Social Events –

  • ASEAN Defense Ministers will meet at Luang Prabang, Laos.  They are expected to discuss general common strategies as well as find a peaceful solution to the situation in Myanmar and the tense situation in the South China Sea.

Economic Reports/Events –

  • Bank of Japan Governor Kazuo Ueda will give a speech at FIN/SUM 2024 in Tokyo.

  • Australia Judo Bank Services PMI Final (February), Judo Bank Composite PMI Final (February), Current Account Q4, Net Exports Contribution to GDP Q4

  • South Korea GDP Growth Rate QoQ Final Q4

  • Japan Tokyo Core CPI (February), Tokyo CPI Ex Food and Energy (February), Tokyo CPI (February), Jibun Bank Services PMI Final (February), Jibun Bank Composite PMI Final (February)

  • Hong Kong S&P Global PMI (February)

  • Singapore S&P Global PMI (February), Retail Sales (January), MAS 4- & 12-Week Bill Auction

  • Philippines Inflation Rate (February), Core Inflation Rate (February)

  • China Caixin Services PMI (February), Caixin Composite PMI(February)

  • Thailand Core Inflation Rate (February), Inflation Rate (February)

  • India HSBC Composite PMI Final (February), HSBC Services PMI Final (February)

  • Kazakhstan Tengri Partners Services PMI(February)

  • Taiwan Foreign Exchange Reserves (February)

  • New Zealand Global Dairy Trade Price Index MAR/05

 

Europe

Political/Social Events –

Economic Reports/Events –

  • UK BRC Retail Sales Monitor (February), New Car Sales (February), S&P Global Services PMI Final (February), S&P Global Composite PMI Final (February), 3-Year Treasury Gilt Auction

  • Ireland AIB Services PMI(February)

  • Russia S&P Global Composite PMI(February), S&P Global Services PMI(February), PPI (February)

  • Hungary GDP Growth Rate QoQ Final Q4

  • France Industrial Production (January), HCOB Services PMI(February), HCOB Composite PMI(February)

  • Spain HCOB Services PMI(February), HCOB Composite PMI(February), 6-, 12-Month Letras Auction

  • Italy HCOB Services PMI(February), HCOB Composite PMI(February), GDP Growth Rate QoQ Final Q4

  • Germany HCOB Services PMI(February), HCOB Composite PMI(February), 5-Year Bobl Auction

  • Euro Area HCOB Services PMI(February), HCOB Composite PMI(February), PPI (January)

 

Middle East

Political/Social Events –

Economic Reports/Events –

  • Saudi Arabia Riyad Bank PMI(February)

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

  • Egypt S&P Global PMI(February)

  • Lebanon BLOM Lebanon PMI(February)

  • Jordan PPI (January)

 

Africa

Political/Social Events –

  • Ghana celebrates Independence Day, a national holiday.  The holiday marks the day the country gained its independence from the UK in 1957.

  • The 9th Powering Africa Summit 2024 takes places in Washington D.C. The theme this year is “Capital Flows Underpinning the Energy Transition.” It will focus on energy project development, infrastructure, and the enabling environment. 

  • The Uganda-EU Business Forum will bring together Ugandan entrepreneurs, European investors, and policy leaders to identify trade and investment opportunities in Kampala, Uganda.

Economic Reports/Events –

  • Mozambique Standard Bank PMI(February)

  • South Africa S&P Global PMI(February), GDP Growth Rate QoQ Q4

  • Kenya Stanbic Bank PMI(February)

  • Ghana S&P Global PMI(February)

 

 

Wednesday, March 6, 2024

Global

 

Americas

Political/Social Events –

Economic Reports/Events –

  • Federal Reserve Board Chair Jay Powell gives his Semiannual Monetary Policy Report to Congress to the House Financial Services Committee.

  • San Francisco Federal Reserve Bank President Mary Daly to speak before the 2024 National Interagency Community Reinvestment Conference.

  • Brazil Current Account (January), Foreign Direct Investment (January), Industrial Production (January), Car Production (February), New Car Registrations (February), Balance of Trade (February)

  • Mexico Consumer Confidence (February), Auto Exports (February), Auto Production (February)

  • USA MBA 30-Year Mortgage Rate MAR/01, MBA Mortgage Applications/ Market Index/ Refinance Index/ Purchase Index MAR/01, ADP Employment Change(February), JOLTs Job Openings/ Quit(January), Wholesale Inventories (January), EIA Crude Oil Stocks Change MAR/01, EIA Gasoline Stocks Change MAR/01, EIA Crude Oil Imports Change MAR/01, EIA Cushing Crude Oil Stocks, EIA Cushing Change MAR/01, EIA Distillate Fuel Production Change MAR/01, EIA Distillate Stocks Change MAR/01, EIA Gasoline Production Change MAR/01, EIA Heating Oil Stocks Change MAR/01, EIA Refinery Crude Runs Change MAR/01, 17-Week Bill Auction, Fed Daly Speech, Fed Beige Book

  • Bank of Canada Interest Rate Decision and press conference.

  • Canada Labor Productivity QoQ Q4, Ivey PMI s.a(February),

  • Ecuador Inflation Rate (February)

  • Argentina Industrial Production (January)

 

Asia

Political/Social Events –

Economic Reports/Events –

  • South Korea Foreign Exchange Reserves (February), Inflation Rate (February), CPI(February),

  • Australia Ai Group Industry/ Construction/ Manufacturing Index, GDP Growth Rate QoQ Q4, GDP Capital Expenditure QoQ Q4, GDP Chain Price Index QoQ Q4, GDP Final Consumption QoQ Q4, Retail Sales Final (January)

  • India M3 Money Supply (February)/23

  • Kazakhstan PPI (February)

  • Japan Foreign Exchange Reserves (February)

 

Europe

Political/Social Events –

  • British Chancellor Jeremy Hunt will deliver the annual UK Spring Budget. Hunt’s proposal will outline new tax and spending plans for the nation.  The UK is now facing a fiscal deficit of 5 percent and 100 percent debt levels vs. GDP.   Hunt is expected to propose a 1 percent cut to the National Insurance program and cuts to the inheritance tax.

  • The Russian Duma will present proposals on the implementation of the measures named in Russian President Vladimir Putin's Feb. 29 address to the Federal Assembly.

  • German Chancellor Olaf Scholz will meet with the German state premiers to discuss how illegal migration can be limited.

Economic Reports/Events –

  • Germany Imports/ Exports/ Balance of Trade (January), HCOB Construction PMI(February), New Car Registrations (February)

  • Romania Retail Sales (January)

  • Hungary Balance of Trade Prel (January), Industrial Production Prel (January), Retail Sales (January)

  • Slovakia Retail Sales (January)

  • Euro Area HCOB Construction PMI(February), Retail Sales (January), 3- and 6- Month Bill Auction

  • France HCOB Construction PMI(February)

  • Italy HCOB Construction PMI(February)

  • Slovenia Balance of Trade (January)

  • Great Britain S&P Global Construction PMI(February), Spring Budget 2024

  • Ireland Unemployment Rate (February)

  • Russia Vehicle Sales (February), Corporate Profits (December)

  • Poland Interest Rate Decision

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Qatar Financial Centre PMI(February)

  • Israel Tourist Arrivals (February)

  • Egypt Foreign Exchange Reserves (February)

 

Africa

Political/Social Events –

Economic Reports/Events –

  • South Africa Business Confidence Q1

 

 

Thursday, March 7, 2024

Global

  • The UN Security Council is scheduled to hold a briefing, followed by consultations on the Sudan 2715 report. UN Secretary-General António Guterres is expected to deliver remarks. In the afternoon, the Security Council is scheduled to hold consultations on the Middle East.

  • The UN’s Buildings and Climate Global Forum will take place through March 8. The forum will bring building and construction stakeholders to share expertise and a vision for a future where buildings play an active role in combating climate change and outline effective steps for decarbonization. 

 

Americas

Political/Social Events –

Economic Reports/Events –

  • Federal Reserve Board Chair Jay Powell gives his Semiannual Monetary Policy Report to Congress before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

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

  • Chile Imports/ Exports/ Balance of Trade (February)

  • Mexico Inflation Rate (February), Core Inflation Rate (February)

  • USA Challenger Job Cuts(February), Imports/ Exports/ Balance of Trade(January), Initial Jobless Claims MAR/02, Continuing Jobless Claims(February)/24, Jobless Claims 4-week Average MAR/02, Nonfarm Productivity QoQ Final Q4, Unit Labour Costs QoQ Final Q4, EIA Natural Gas Stocks Change MAR/01, 4- & 8-Week Bill Auction, 15-Year Mortgage Rate, Used Car Prices(February)

  • Canada Building Permits (January), Imports/ Exports/ Balance of Trade (January), 15- & 30-Year Bond Auction MAR/06, Consumer Credit Change (January)

  • Costa Rica Inflation Rate (February)

  • Colombia Inflation Rate (February)

  • Peru Interest Rate Decision

  • El Salvador Inflation Rate (February)

 

Asia

Political/Social Events –

  • The ASEAN Economics Retreat will be held through March 8 in Luang Prabang, Laos.

  • Today is the 10th anniversary of the disappearance of Malaysian Airlines Flight MH370.

Economic Reports/Events –

  • Bank of Japan Policy Board member Junko Nakagawa will give a speech and press conference before local leaders in Shimane, Japan.

  • New Zealand Manufacturing Sales Q4

  • Japan Average Cash Earnings (January), Overtime Pay (January), Foreign Bond Investment MAR/02, Stock Investment by Foreigners MAR/02

  • Australia Imports/ Exports/ Balance of Trade (January), Home Loans (January), Investment Lending for Homes (January)

  • Philippines Industrial Production (January)

  • China Imports/ Exports/ Balance of Trade (January)-(February), Foreign Exchange Reserves (February)

  • Indonesia Foreign Exchange Reserves (February)

  • Malaysia Interest Rate Decision

  • Taiwan Inflation Rate (February)

  • Hong Kong Foreign Exchange Reserves (February)

  • Singapore Foreign Exchange Reserves (February)

 

Europe

Political/Social Events –

  • The European Central Bank holds a monetary policy meeting.  ECB President Christine Lagarde holds a press conference afterward.

  • Bank of England Executive Director for Data and Analytics Transformation/Chief Data Officer James Benford gives a speech at the Big Data & ai World Conference in London.

  • Switzerland Unemployment Rate (February), Foreign Exchange Reserves (February)

  • Germany Factory Orders (January)

  • Great Britain Halifax House Price Index (February), BBA Mortgage Rate (February)

  • France Foreign Exchange Reserves (February), 10-, 20-, 30-Year OAT Auction

  • Slovakia GDP Growth Rate QoQ Final Q4

  • Spain Bonos Auction, Index-Linked Obligacion Auction, Obligacion Auction

  • Greece GDP Growth Rate QoQ Q4

  • Russia Interest Rate Decision, Foreign Exchange Reserves (February)

  • Turkey Foreign Exchange Reserves MAR/01, Treasury Cash Balance (February)

  • Poland Foreign Exchange Reserves (February)

  • Ukraine Foreign Exchange Reserves (February)

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Israel Business Confidence (February), Foreign Exchange Reserves (February)

 

Africa

Political/Social Events –

  • The 18th Global Trade Review in Cape Town will welcome players from Africa’s trade, supply chain, commodity and infrastructure finance community.

Economic Reports/Events –

  • South Africa Foreign Exchange Reserves (February), Current Account Q4

 

 

Friday, March 8, 2024

Global

  • Today is International Women’s Day.

 

Americas

Political/Social Events –

Economic Reports/Events –

  • New York Federal Reserve Bank President John Williams to participate in moderated discussion before hybrid event, "Connecting Academics to Policy: A Conversation with New York Fed President John C. Williams" organized by the London School of Economics.

  • Chile Core Inflation Rate (February), Inflation Rate (February)

  • Brazil Bank Lending (January)

  • USA Fed Williams Speech, Non-Farm Payrolls (February), Unemployment Rate (February), Average Hourly Earnings (February), Participation Rate (February), Average Weekly Hours (February), Government/ Manufacturing/ Nonfarm Payrolls (February), U-6 Unemployment Rate, WASDE Report, Baker Hughes Oil Rig Count MAR/08

  • Canada Unemployment Rate (February), Employment Change (February), Participation Rate (February), Average Hourly Wages (February), Capacity Utilization Q4, Full-Time Employment Chg (February), Part Time Employment Chg (February) 

Asia

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • South Korea Current Account (January)

  • Japan Household Spending (January), Current Account (January), Bank Lending (February), Coincident Index Prel (January), Eco Watchers Survey Current & Outlook (February), Leading Economic Index Prel (January)

  • Philippines Unemployment Rate (January)

  • Indonesia Consumer Confidence (February)

  • Malaysia Unemployment Rate (January)

  • Thailand Consumer Confidence (February), Foreign Exchange Reserves (February)

  • Sri Lanka Tourist Arrivals (February)

  • Taiwan Imports/ Exports/ Balance of Trade (February)

  • India Bank Loan Growth (February)/23, Deposit Growth (February)/23, Foreign Exchange Reserves MAR/01

 

Europe

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Germany Industrial Production (January), PPI(January)

  • Romania GDP Growth Rate QoQ 2nd Est Q4

  • Hungary Core Inflation Rate (February), Inflation Rate (February), Budget Balance (February)

  • France Imports/ Exports/ Balance of Trade (January), Current Account (January)

  • Slovakia Balance of Trade (January), Industrial Production (January)

  • Spain Industrial Production (January)

  • Italy PPI(January)

  • Euro Area Employment Change Final Q4, GDP Growth Rate 3rd Est Q4

  • Greece Balance of Trade (January), Harmonized Inflation Rate (February), Industrial Production (January), Inflation Rate (February)

  • Ireland Industrial Production (January)

  • Ukraine Inflation Rate (February)

 

Middle East

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

Africa

Political/Social Events –

  • The Africa Games begin in Accra, Ghana, and go through March 10.

Economic Reports/Events –

  • Tanzania Inflation Rate (February)

  • Nigeria Balance of Trade October/ November/ December

 

 

Saturday, March 9, 2024

Global

  • Nothing significant to report.

 

Americas

Political/Social Events –

  • Belize celebrates National Heroes and Benefactors Day, a national holiday honoring Baron Bliss.  Bliss donated millions of Belize dollars to a trust fund to help ease the lives of the citizens of Belize.  Bliss was born in 1869 as Henry Edward Ernest Victor Barrettes. In his early adulthood, he took the familial title of Fourth Baron Barreto. He was a successful engineer and earned substantial wealth by manufacturing gun parts for the British. He also served for several years as an excellent Justice of the Peace, often advocating for people’s rights and preventing several conflicts.

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 –

  • Nothing significant to report.

 

Africa

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

 

Sunday, March 10, 2024

Global

  • Ramadan begins for Muslims around the world.

 

Americas

Political/Social Events –

  • Nothing significant to report.

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 –

Economic Reports/Events –

  • Nothing significant to report.

 

Middle East

Political/Social Events –

  • Today is the deadline Israel has given Hamas to release all hostages.

Economic Reports/Events –

  • Saudi Arabia GDP Growth Rate Final Q4, Industrial Production (January)

  • Israel GDP Growth Annualized 2nd Est Q4

  • Egypt Inflation Rate (February)

 

Africa

Political/Social Events –

  • Nothing significant to report.

Economic Reports/Events –

  • Nothing significant to report.

 

Francis Kelly
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