The Global Week Ahead

Xi Hosts Putin and Modi at the SCO Meeting, Iran Returns to the (European) Negotiating Table, Trump’s Additional 25% Tariffs on India Begin, and Markets Await Key Inflation Reports

August 24 - 30, 2025

The busiest summer we can remember in a long time comes to an end this week here in the US with the Labor Day holiday.  And, proving true to its non-stop tempo, it will be another busy week around the world.  In Tianjin, China, the Shanghai Cooperation Organization (SCO) will meet. Chinese President Xi Jinping hosts the leaders of Belarus, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Uzbekistan, Tajikistan, and – perhaps most importantly – Russia and India. 

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will attend and meet with Xi just as President Trump seeks to push forward with Ukrainian peace talks and prepares to slap new 25% tariffs on India Wednesday (on top of the existing 25% tariffs) for buying Russian oil which helps fund the war (but, notably, not on China which also is a massive purchaser of Russian oil).   It also comes a week after Chinese Foreign Minister Wang Yi met with Indian officials in New Delhi to discuss ways to further de-escalate border tensions and discuss commonalities in dealing with the US.

Meanwhile, in Vienna this week, Iranian officials are expected to meet with UK, French, and German diplomats on their nuclear program.  Iran risked the three European countries triggering “snapback” sanctions on them if they did not participate.  The talks come in the wake of the International Atomic Energy Agency (IAEA) expressing frustration with Tehran refusing to account for the status of their refined uranium stockpiles after Israel and the US struck Iranian nuclear facilities.   IAEA officials are also expected in Washington this week to meet with US officials over the same matter.

As noted above, President Trump is expected to impose new 25% tariffs on India this week for refusing to step back from purchasing oil from Russia.  India is the second-largest purchaser of Russian oil after China.  But unlike China, India’s purchase of Russian oil has spiked by almost 50% since Russia invaded Ukraine at steep discounts and then largely resells it as refined petroleum products globally, 42 percent to countries sanctioning Russian crude.

Also this week, President Trump will host South Korean President Lee Jae Myung at the White House.  It is Lee’s first meeting with Trump since being elected in early June. The meeting with Trump will be important as both leaders want to nail down important details of a new trade deal and how best to cooperate on how to deal with China.  South Korea has agreed to more than $350 billion of investment in the US, which includes $150 billion in shipbuilding and $100 billion in LNG purchases.

Lee is coming off his first meeting with Japanese Prime Minister Shigeru Ishiba on Saturday, where they agreed to cooperate on clean energy, AI, the aging population, and ways to boost some of the lowest birth rates in the world, and working with the US on dealing with North Korea’s growing nuclear and missile programs.

Looking at the global economic and financial radar screens this week, inflation is the big focus for markets.  In the US, the July PCE report on Friday will give a clearer indication of which way inflation is headed in advance of the September Federal Reserve Board interest rate decision.  Also out this week will be new home sales on Monday, pending home sales on Tuesday, and the Conference Board’s consumer confidence indicator on Tuesday.

We would note two other important US economic/financial events this week: First, the “de minimis” exemptions end on Friday. That exemption allowed international carriers to ship goods valued at $800 or less to the US without paying duties.   The second event is Nvidia’s quarterly earnings, where markets and policy analysts will be watching for guidance from the company on their sales to China after President Trump struck a deal with the company allowing the sale of their H20 and B40 chips in exchange for a percentage of their sales to China.  But the Chinese government told local tech companies not to buy Nvidia’s chips due to “security concerns.”

In Europe, inflation is also top of mind as Germany releases the Ifo Survey on Monday, consumer confidence on Wednesday, and France's consumer confidence is out on Wednesday.    Also out this week is the European Central Bank’s minutes on Thursday. 

In Asia, Japan’s August CPI and consumer confidence reports are out on Thursday and Friday, respectively. And China’s industrial profits are out on Wednesday.

Below is the rest of our detailed report of the major geopolitical and geoeconomic events in the coming week:

Sunday, August 24, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Elon Musk's SpaceX is set to launch its massive Starship rocket for a tenth time from Texas on Sunday to achieve several long-sought development milestones.

·       President Nicolas Maduro today is deploying militia and volunteers across Venezuela against US “threats” and is calling for civilians to join the militia and armed forces.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       South Korean President Lee Jae-myung will hold a summit in Tokyo with Japanese Prime Minister Shigeru Ishiba.

Economic & Financial  Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       Today is Ukraine Independence Day, a public holiday.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial  Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Monday, August 25, 2025

Global

·       The UN Security Council is scheduled to hold a vote related to the United Nations Interim Force in Lebanon(UNIFIL). The Security Council is also scheduled to hold closed consultations on the 1718 Committee (North Korea).

Americas

Political/Social Events –

·       South Korean President Lee Jae Myung will travel to Washington, D.C. for his first meeting with President Donald Trump.  They are expected to discuss details of an emerging trade agreement to lower Washington's "reciprocal" tariffs to 15 percent.

·       A delegation from the International Atomic Energy Agency will travel to Washington for high-level meetings on Iran’s nuclear program.  Iran has refused to explain what has happened to the 409 kilograms of enriched uranium the country developed following the US bombing of several Iranian nuclear sites.  Iran is also refusing to cooperate with the IAEA in accessing other key nuclear sites in the country.

·       US Navy warships are expected to arrive off the coast of Venezuela to assist in large-scale counter-narcotics operations.

·       Nigerian President Bola Tinubu will meet with Brazilian President Luiz Inacio Lula da Silva in Brasilia.

·       Today is Uruguay Independence Day.

Economic & Financial Reports/Events –

· New York Federal Reserve Bank President John Williams and Dallas Federal Reserve Bank President Lorie Logan speak and participate in a panel before the Bank of Mexico Centennial Conference in Mexico City, Mexico.

·       Brazil FGV Consumer Confidence (August)/ BCB Focus Market Readout

·       USA Chicago Fed National Activity Index (July)/ New Home Sales (July)/ Dallas Fed Manufacturing Index (August)/ Building Permits (July)

·       Mexico Current Account Q2

·       Paraguay PPI (July)

·       El Salvador Balance of Trade (July)

Asia

Political/Social Events –

·       Indonesia hosts “Super Garuda Shield, a joint military exercise with a ceremony in Jakarta co-hosted by the Indonesian and U.S. armed forces.  The annual drill will run for two weeks. Fifteen countries, including Japan, South Korea, and Australia, are expected to take part, with a live-fire exercise scheduled to be held in Baturaja, Sumatra.

· Today is the Day of Songun, which is observed in North Korea. This holiday commemorates the start of the military-first rule in the nation, under the leadership of Kim Jong-il.

Economic & Financial Reports/Events –

·       Evergrande will be delisted from the Hong Kong Stock Exchange today.

·       New Zealand Retail Sales Q2

·       Malaysia Coincident Index (June)/ Leading Index (June)

·       Japan Coincident Index (June)/ Leading Economic Index (June)

·       Singapore Inflation Rate (July)

Europe

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Today is the Summer Bank Holiday in England and Wales.

·       Switzerland Non-Farm Payrolls Q2

·       Spain PPI (July)/ Consumer Confidence (July)

·       Turkey Business Confidence (August)/ Capacity Utilization (August)

·       Germany Ifo Business Climate & Current Conditions & Expectations (August)

·       Poland Retail Sales (July)/ M3 Money Supply (July)

·       Slovenia Business Confidence (August)/ Tourist Arrivals (July)

Middle East

Political/Social Events –

·       The Organization of Islamic Cooperation will host an extraordinary meeting in Jeddah, Saudi Arabia, on expanded Israeli military operations and a mounting humanitarian crisis in Gaza.

Economic & Financial Reports/Events –

·       Saudi Arabia Imports/ Exports/ Balance of Trade (June)

·       Israel M1 Money Supply (July)

Africa

Political/Social Events –

·       Zambia hosts health ministers for the 75th session of the World Health Organization’s Regional Committee for Africa.

Economic & Financial Reports/Events –

·       Mozambique GDP Growth Rate Q2

Tuesday, August 26, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Canadian Prime Minister Mark Carney and senior members of his Cabinet will travel to Germany to meet with Chancellor Friedrich Merz.

Economic & Financial Reports/Events –

·       Bank of Canada Governor Tiff Macklem will give a speech at the Central Bank of Mexico Conference in Mexico City, Mexico.

·       Richmond Federal Reserve Bank President Thomas Barkin speaks before the Montgomery County Chamber of Commerce.

·       Brazil Current Account (July)/ Foreign Direct Investment (July)/ IPCA mid-month CPI (August)

·       Canada Manufacturing Sales (July), Earnings: Scotiabank and BMO

·       USA Durable Goods Orders (July)/ Fed Barkin Speech/ Redbook (August/23)/ S&P/Case-Shiller Home Price (June)/ House Price Index (June)/ CB Consumer Confidence (August)/ Richmond Fed Manufacturing Index (August)/ Dallas Fed Services Index (August)/ Money Supply (July)/ API Crude Oil Stock Change (August/22), Earnings: Prudential

Asia

Political/Social Events –

·       The South Korean and U.S. militaries will hold the joint Ulchi Freedom Shield drills in South Korea through Aug. 28.

Economic & Financial Reports/Events –

·       South Korea Consumer Confidence (August)

·       Australia RBA Meeting Minutes

·       Singapore     Industrial Production (July)

·       Taiwan Industrial Production (July)/ Retail Sales (July)

·       Hong Kong Imports/ Exports/ Balance of Trade (July)

·       Thailand New Car Sales (July)

Europe

Political/Social Events –

·       Iran is expected to hold nuclear talks with French, British, and German diplomats in Vienna, Austria.  The three European countries have said they could re-activate UN sanctions on Iran under a snapback rule set in place unless Tehran returns to the negotiating table today.  Iran is refusing to disclose to the International Atomic Energy Agency (IAEA) what has happened to the 409 kilograms of enriched uranium the country developed following the US bombing of several Iranian nuclear sites.  Iran is also refusing to cooperate with the IAEA in accessing other key nuclear sites in the country.

Economic & Financial Reports/Events –

·       France Consumer Confidence (August)

·       Poland Unemployment Rate (July)

·       Hungary Deposit Interest Rate (August)/ Interest Rate Decision

·       Bank of England Member of the Monetary Policy Committee Catherine Mann will panelist at a conference commemorating the 100th Anniversary of the Central Bank of Mexico in Mexico City, Mexico.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic& Financial Reports/Events –

·       South Africa Leading Business Cycle Indicator (May)

·       Zimbabwe Inflation Rate (August)

·       Nigeria GDP Growth Rate Q2

Wednesday, August 27, 2025

Global

·       The UN Security Council is scheduled to hold a briefing, followed by consultations on the situation in Gaza.

Americas

Political/Social Events –

·       President Trump’s additional 25% tariffs on imports from India go into effect today.  Trump has said they are a penalty for buying Russian oil and raise the total tariffs on the South Asian nation to 50%, among the highest globally.

·       Israeli Foreign Minister Gideon Sa’ar travels to Washington for meetings with US Secretary of State Marco Rubio. 

·       Brazilian Vice President and Trade Minister Geraldo Alckmin will lead a delegation to Mexico to meet with Mexican President Claudia Sheinbaum.

·       The political campaign period for Argentina's Oct. 26 midterm legislative elections will begin. 

Economic & Financial Reports/Events –

·       Nvidia reports second-quarter earnings. Markets will be focused on guidance from the company with regard to China after receiving permission from the Trump Administration to sell H20 chips to China in return for 15 percent of profits earned there.

·       USA MBA Mortgage Market Index (August/22)/ EIA Gasoline & Crude Oil Stocks Change (August/22)/ Fed Barkin Speech

·       Brazil Bank Lending (July)

·       Mexico Balance of Trade (July)

·       Canada Wholesale Sales (July), Earnings: RBC and EQB.

·       Colombia Business Confidence (July)

Asia

Political/Social Events –

·       APEC Energy Ministers will meet in Busan, South Korea through August 28.

Economic & Financial Reports/Events –

·       South Korea Business Confidence (August)

·       Australia Westpac Leading Index (July)/ Construction Work Done Q2/ Monthly CPI Indicator (July)/ RBA Payments System Board Meeting

·       China Industrial Profits (YTD) (July)

·       Taiwan Consumer Confidence (August)

·       Thailand Imports/ Exports/ Balance of Trade (July)

·       Japan BoJ JGB Purchases

Europe

Political/Social Events –

·       Today is Independence Day in Moldova.  In honor of the day, French President Emmanuel Macron, German Chancellor Friedrich Merz and Polish Prime Minister Donald Tusk will visit the country to celebrate.

·       Spain’s Tomatina food fight festival takes place in Buñol, Spain, the world’s biggest food fight.  More than 20,000 people come to the town (whose population is 9,000) to throw tomatoes at each other.  In 2015 (the last time they checked), an estimated 320,000 pounds of tomatoes were thrown.

Economic& Financial Reports/Events –

·       Ireland Consumer Confidence (August)

·       Germany GfK Consumer Confidence SEP

·       Hungary Gross Wage (June)

·       Slovakia Business Confidence (August)/ Consumer Confidence (August)

·       Switzerland Economic Sentiment Index (August)

·       France Unemployment Benefit Claims (July)/ Jobseekers Total (July)

·       Great Britain CBI Distributive Trades (August)

·       Russia Unemployment Rate (July)/ Business Confidence (August)/ Corporate Profits (June)/ Industrial Production (July)/ Real Wage Growth (June)/ Retail Sales (July)/ GDP (June)/ GDP (July)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic& Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·        Tanzania's electoral commission will announce which presidential candidates are confirmed to run in the country's Oct. 29 general election.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Thursday, August 28, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Panama's President Jose Raul Mulino will lead a business delegation to Brazil and meet with Brazilian President Luiz Inacio Lula da Silva in Brasilia.

Economic & Financial Reports/Events –

·       Federal Reserve Board Governor Christopher Waller will give a speech on the economic outlook at the Economic Club of Miami Dinner in Miami, Florida.

·       Brazil IGP-M Inflation (August)/ Net Payrolls (July)

·       Mexico Unemployment Rate (July)

·       Canada Current Account Q2/ Average Weekly Earnings (June), Earnings: CIBC and Toronto-Dominion

·       USA GDP Growth Rate Q2/ Corporate Profits Q2/ GDP Price Index Q2/ Initial Jobless Claims (August/23)/ PCE Prices Q2/ Pending Home Sales (July)/ EIA Natural Gas Stocks Change (August/22)/ Kansas Fed Manufacturing & Composite Index (August)/ 15- & 30-Year Mortgage Rate (August/28)/ Fed Balance Sheet (August/27), Earnings: Dell, Marvell, Autodesk, Pernod Ricard

·       Uruguay Unemployment Rate (July)

Asia

Political/Social Events –

·       Australia and Indonesia will hold a "two-plus-two" meeting of their foreign and defense ministers in Canberra. The biannual forum last took place in 2023, when current Indonesian President Prabowo Subianto attended as defense minister. This year's meeting will be the ninth since the format was launched in 2006 to strengthen ties between the two neighbors.

·       Bitcoin Asia 2025, one of Asia’s largest conferences, begins in Hong Kong.  Speakers are due to include Eric Trump.

Economic & Financial Reports/Events –

·       Bank of Japan Member of the Policy Board Junko Nakagawa gives a speech to local business leaders in Yamaguchi, Japan.

·       Japan Foreign Bond Investment (August/23)/ Stock Investment by Foreigners (August)

·       New Zealand ANZ Business Confidence (August)

·       Central Bank of South Korea Interest Rate Decision

·       Australia Building Capital Expenditure Q2/ Plant Machinery Capital Expenditure/ Private Capital Expenditure Q2

·       Malaysia PPI (July)

·       Philippines Interest Rate Decision/ Budget Balance (July)

·       India Industrial Production (July)/ Manufacturing Production (July)

·       Earnings: RHB Banking Group, Axiata Group, CITIC Securities, China Southern

Europe

Political/Social Events –

·       There will be an informal meeting of EU Defense Ministers in Copenhagen, Denmark though August 30.

Economic & Financial Reports/Events –

·       The European Central Bank releases its July Monetary Policy Meeting minutes

·       Euro Area New Car Registrations (July)/ Loans to Companies (July)/ Loans to Households (July)/ M3 Money Supply (July)/ Economic Sentiment (August)/ Consumer Confidence (August)/ Consumer Inflation Expectations (August)/ Industrial Sentiment (August)/ Selling Price Expectations (August)/ Services Sentiment (August)

·       Hungary Unemployment Rate (July)

·       Switzerland GDP Growth Rate Q2

·       Turkey Imports/ Exports/       Balance of Trade (July)/ Economic Confidence Index (August)/ Foreign Exchange Reserves (August/22)

·       Italy Business Confidence (August)/ Consumer Confidence (August)/ Industrial Sales (June)

·       Slovenia Retail Sales (July)

·       Greece Total Credit (July)

·       Spain Business Confidence (August)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Saudi Arabia M3 Money Supply (July)/ Private Bank Lending (July)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       South Africa PPI (July)

·       Egypt Interest Rate Decision/ Overnight Lending Rate

Friday, August 29, 2025

Global

·       The UN Security Council is scheduled to hold a briefing on Haiti.

Americas

Political/Social Events –

·       The United States will end the de minimis tariff exemption for small-value imported parcels under $800.

·       Elon Musk faces a court deadline to answer a US Securities and Exchange Commission lawsuit over allegations he improperly benefited from a late disclosure of his purchases of shares of Twitter in 2022.

Economic & Financial Reports/Events –

·       Brazil Gross Debt to GDP (July)/ Nominal Budget Balance (July)/ Unemployment Rate (July)

·       Canada GDP Growth Rate Annualized Q2/ GDP Implicit Price Q2/ Budget Balance (June), Earnings: Laurentian Bank

·       USA Core PCE Price Index (July)/ Personal Income (July)/ Personal Spending (July)/ Goods Trade Balance Adv (July)/ Wholesale Inventories (July)/ Chicago PMI (August)/ Michigan Consumer Sentiment Final/ Baker Hughes Total Rigs Count (August/29)

·       Chile Copper Production (July)/ Industrial Production (July)/ Manufacturing Production (July)/ Retail Sales (July)/ Unemployment Rate (July)

·       Colombia Unemployment Rate (July)/ Cement Production (July)

·       Uruguay Balance of Trade (July)

·       Mexico Fiscal Balance (July)

Asia

Political/Social Events –

·       Thailand's Constitutional Court will rule on whether to remove Prime Minister Paetongtarn Shinawatra from her position over a leaked phone call with former Cambodian Prime Minister Hun Sen, in which she referred to a Thai army commander as the "opposite side." In the wake of the leak, she was criticized for showing a lack of responsibility and integrity, as well as putting the country's sovereignty at risk.

·       Indian Prime Minister Narendra Modi travels to Japan for an annual summit with his counterpart, Prime Minister Shigeru Ishiba. The two are seeking to bolster trade and security cooperation.

·       Samoa holds parliamentary elections.

Economic & Financial Reports/Events –

·       Chinese electric car manufacturer BYD releases quarterly earnings.  Markets are watching closely to get a deeper sense of how intense the growing electric car sector is dealing with price competition hitting new levels.  Also reporting today will be Alibaba, the Bank of China, China Construction Bank, the Agricultural Bank if China, ICBC, COSCO Shipping, China Eastern, and Air China.

·       New Zealand ANZ Roy Morgan Consumer Confidence Index

·       South Korea Industrial Production (July)/ Retail Sales (July)

·       Japan Unemployment Rate (July)/ Jobs/applications ratio (July)/ Tokyo CPI (August)/ Retail Sales (July)/ Industrial Production (July)/ Consumer Confidence (August)/ Housing Starts (July)/ Construction Orders (July)

·       Philippines Imports/ Exports/ Balance of Trade (July)/ PPI (July)

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

·       Singapore Bank Lending (July)/ Import Prices (July)/ Export Prices (July)/ PPI (July)

·       Thailand Industrial Production (July)/ Current Account (July)/ Private Consumption (July)/ Private Investment (July)/ Retail Sales (June)

·       Kazakhstan Interest Rate Decision

·       Malaysia M3 Money Supply (July)

·       Sri Lanka Inflation Rate (August)/ PPI (July)/ Balance of Trade (July)

·       India Government Budget Value (July)/ Bank Loan Growth (August/15)/ Deposit Growth (August/15)/ Foreign Exchange Reserves (August/22)/ GDP Growth Rate Q2

Europe

Political/Social Events –

·       President Emmanuel Macron and German Chancellor Friedrich Merz will attend the 25th Franco-German Council of Ministers in Berlin, Germany.  It is expected that the two countries will discuss joint defense projects and trade negotiations.

· There will be an informal meeting of EU Foreign Affairs Ministers in Gymnich, Germany, from August 30.

·       Ukraine Foreign Minister Andrii Sybiha will visit Slovenia for bilateral talks.

·       Today is the anniversary of the Slovak National Uprising, which took place in 1944 against the Nazis.

Economic & Financial Reports/Events –

·       European Central Bank Board Member Luis de Guindos will deliver remarks at the Crusos Europeos de Verano in Pamplona, Spain.

·       Great Britain Car Production (July)

·       Germany Retail Sales (July)/ Import Prices (July)/ Unemployed Persons (August)/ Unemployment Change (August)/ Unemployment Rate (August)/ Baden Wuerttemberg CPI (August)/ Bavaria CPI (August)/ Brandenburg CPI (August)/ Hesse CPI (August)/ North Rhine Westphalia CPI (August)/ Saxony CPI (August)/ Inflation Rate (August)

·       Romania Unemployment Rate (July)

·       Great Britain Nationwide Housing Prices (August)

·       Hungary Balance of Trade (July)

·       France Inflation Rate (August)/ GDP Growth Rate Q2/ Household Consumption (July)/ Non-Farm Payrolls Q2/ PPI (July)

·       Spain Inflation Rate (August)/ Retail Sales (July)/ Current Account (June)

·       Switzerland KOF Leading Indicators (August)

·       Turkey Unemployment Rate (July)/ Participation Rate (July)

·       Euro Area ECB Consumer Inflation Expectations/ ECB Guindos Speech

·       Italy GDP Growth Rate Q2/ Inflation Rate (August)

·       Poland Inflation Rate (August)

·       Slovenia Inflation Rate (August)

·       Greece PPI (July)/ Retail Sales (June)

·       Ireland Retail Sales (July)

·       Serbia Balance of Trade (July)/ Industrial Production (July)/ Retail Sales (July)/ Unemployment Rate Q2

·       Ukraine Current Account (July)

·       Russia M2 Money Supply (July)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Israel Composite Economic Index (July)          

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

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

·       Nigeria Foreign Exchange Reserves (August)

·       Kenya Inflation Rate (August)

Saturday, August 30, 2025 

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

· Today is Popular Consultation Day in East Timor, commemorating the referendum that took place in 1999, giving the island nation greater autonomy from Indonesia.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       Nothing significant to report.

Economic& Financial  Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Today is Turkey Victory Day, also known as Turkish Armed Forces Day.  It celebrates Turkey’s victory over the Greeks in 1922 at the Battle of Dumlupinar.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Sunday, August 31, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       The Shanghai Cooperation Organization Summit begins in Tianjin, China, hosted by Chinese President Xi Jinping.  Indian Prime Minister Narendra Modi and Russian President Vladimir Putin are expected to attend.

·       Today is Kyrgyzstan Independence Day.

Economic & Financial Reports/Events –

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

Europe

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.