The Global Week Ahead

Xi Hosts the SCO Summit and Celebrates the 80th Anniversary of the End of World War II with World Leaders, Trump’s Tariff Deals in Doubt, and Markets Focus on the Fed’s Beige Book and US Jobs Report

Summer is officially over and world capitals in the Northern Hemisphere are roaring back to work this week.  But the major geopolitical events of the week will be in China. 

President Xi Jinping is hosting the Shanghai Cooperation Organization (SCO) summit being held in Tianjin, China.  This will be a particularly important SCO gathering as Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, and other leading Asian leaders will be in attendance and holding sideline meetings with Xi.  Of note, Prime Minister Modi’s sideline meeting with Xi shows continuing warming between the two nations – which has been historically frosty – as both struggle to deal with President Trump’s tough tariff regime. 

After the SCO, Xi will hold an extravaganza 80th anniversary celebration in Beijing marking the end of World War II for China.  Putin, Modi, and at least 28 other national leaders will be in attendance including North Korean dictator Kim Jong Un.  The significance of his attendance is it suggests new warming in the relationship between Beijing and Pyongyang which has been strained in recent years.

What both events clearly show is a growing alignment between nations that are outright hostile to the United States and the West with those nations hardest hit by the Trump tariffs, giving the combined nations a reason to work together. Seeing the leaders of China, Russia, North Korea, India, Iran, Cuba, and other nations sitting together watching an enormous Chinese military parade will drive that point home.  What comes out of these meetings will likely be quite impactful on global markets in the weeks and months ahead.

Here in the US, two issues will be of major focus to markets this week.  First, the decision by a Federal Appeals Court on Friday ruled that President Trump’s use of the International Emergency Economic Powers Act (IEEPA) is illegal.  These were put in place on “Liberation Day” on April 2nd.  The decision upholds an earlier ruling by the U.S. Court of International Trade and is now likely headed to the U.S. Supreme Court.  But in the meantime, it puts into doubt the legality of Trump’s trade deals with the UK, EU, Japan, and South Korea.  Moreover, it the US Supreme Court upholds this decision, it will mean the Trump Administration will have to repay the billions of tariffs collected since April, estimated at roughly $142 billion.

The second event is the ongoing battle over whether President Trump can fire Federal Reserve Board Governor Lisa Cook.  A federal judge on Friday held an emergency hearing on the matter but did not issue a ruling.  Our view is that this battle will go all the way to the Supreme Court and will likely not hold Cook back from voting at the upcoming Federal Open Markets Committee (FOMC) meeting on interest rates later this month.

Turning to look at the global economic and financial radar screen this week, and starting with the US, there will be a number of important reports out this week. The big events will be the Federal Reserve’s release of the Beige Book on Wednesday and the jobs report on Friday.  Also, this week, the ISM indices will be out, giving more clarity on the manufacturing and services sectors, and the JOLTS print on Wednesday and the ADP report on Thursday.

In Asia, Japan releases Financial Statements Statistics of Corporations for Q2, which is expected to show as much as 3% growth year over year.   In China, the August PMIs are out on Sunday, and manufacturing data is out on Monday, while services data is out on Wednesday.

In Europe, we will see the Eurozone CPI report on Tuesday as European Central Bank President Christine Lagarde gives a speech on Monday.

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

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, Russian President Vladimir Putin, and North Korean Leader Kim Jong-Il are expected  to attend.  Putin will afterwards travel to Beijing for meetings with Xi.

·       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 –

·       European Commission President Ursula von der Leyen will meet with Polish Minister Donald Tusk in Warsaw and the visit the border between Poland and Belarus. She will then travel to Bulgaria to meet with Prime Minister Rosen Zhelyazkov and visit a defense factor.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Oman will implement a "golden visa" for investors and wealthy residents..

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, September 1, 2025

Global

·        Egypt will host a G20 meeting on food security in Cairo.

·       South Korea assumes the chair of the UN Security Council for the month of September.

Americas

Political/Social Events –

·       Guyana holds presidential and parliamentary elections. Centre-left President Irfaan Ali of the People's Progressive Party Civic (PPP/C) is likely to be re-elected. However, opposition parties will likely secure a majority in the National Assembly (legislature).

·       Today is Labor Day in the United State and Canada. It is a national holiday in both countries.  Financial markets are closed.

·       Mexican judges elected in the country's first judicial election in June will take office.

·       The Inter-American Tropical Tuna Commission continues its annual meeting in Panama City.

Economic & Financial Reports/Events –

·       Mexico Business Confidence (August)/ S&P Global Manufacturing PMI (August)/ Foreign Exchange Reserves (August)/ Fiscal Balance (July)

·       Chile IMACEC Economic Activity (July)

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

·       Colombia Davivienda Manufacturing PMI (August)

·       Peru Inflation Rate (August)

·       Argentina Tax Revenue (August)

Asia

Political/Social Events –

·       Today is Uzbekistan Independence Day, a national holiday.

Economic & Financial Reports/Events –

·       New Zealand Building Permits (July)

·       Australia S&P Global Manufacturing PMI (August)/ Building Permits (July)/ Company Gross Profits Q2/ ANZ-Indeed Job Ads (August)/ Business Inventories Q2/ Private House Approvals (July)/ Commodity Prices (August)

·       Japan Capital Spending Q2/ S&P Global Manufacturing PMI (August)

·       South Korea Imports/ Exports/ Balance of Trade (August)/ S&P Global Manufacturing PMI (August)

·       Indonesia S&P Global Manufacturing PMI (August)/ Imports/ Exports/ Balance of Trade (August)/ Inflation Rate (August)/ Tourist Arrivals (July)

·       Malaysia S&P Global Manufacturing PMI (August)

·       Philippines S&P Global Manufacturing PMI (August)

·       Taiwan S&P Global Manufacturing PMI (August)

·       Thailand S&P Global Manufacturing PMI (August)

·       China Caixin Manufacturing PMI (August)

·       India HSBC Manufacturing PMI (August)

·       Hong Kong Retail Sales (July)

Europe

Political/Social Events –

·       There will be an informal meeting of EU Ministers for European Affairs through September 2 in Copenhagen, Denmark.

·       The EU Parliament returns to work from summer holiday.

·       European Commission President Ursula von der Leyen will travel to Lithuania to meet with President Gitana Nauseda and then visit the Lithuania and Belarus border.  She will then travel to Romania and meet with President Nicusor Dan and Prime Minister Illie Bolojan and visit the military port of Constana.

·       The British Parliament returns to work from their summer holiday.

·       Moldova begins negotiations with the EU about joining.

·       Today is Slovakia Constitution Day.

Economic & Financial Reports/Events –

·       European Central Bank President Christine Lagarde will give a dinner speech at the 2025 ECB Legal Conference "Building Europe's Autonomy: Law, Institutions, Cooperation" in Frankfurt, Germany.

·       European Central Bank Board Member Isabel Schnabel will chair a panel on 'Autonomy through the internal market and the capital markets union' at 2025 ECB Legal Conference "Building Europe's Autonomy: Law, Institutions, Cooperation" in Frankfurt, Germany.

·       European Central Bank Board Member Piero Cipollone will chair a panel on 'Resilience, autonomy and cooperation in payments and clearing systems' at the 2025 ECB Legal Conference titled 'Building Europe's Autonomy: Law, Institutions, Cooperation' in Frankfurt Germany.

·       Ireland AIB Manufacturing PMI (August)/ Harmonized Inflation Rate (August)

·       Romania Unemployment Rate (July)

·       Russia S&P Global Manufacturing PMI (August)

·       Great Britain Nationwide Housing Prices (August)/ BoE Consumer Credit (July)/ Mortgage Lending & Approvals (July)/ S&P Global Manufacturing PMI (August)

·       Hungary PPI (July)/ HALPIM Manufacturing PMI (August)

·       Poland S&P Global Manufacturing PMI (August)/ GDP Growth Rate Q2

·       Spain Tourist Arrivals (July)/ HCOB Manufacturing PMI (August)

·       Turkey GDP Growth Rate Q2/ Istanbul Chamber of Industry Manufacturing PMI (August)

·       Switzerland procure.ch Manufacturing PMI (August)

·       Italy HCOB Manufacturing PMI (August)/ Unemployment Rate (July)

·       France HCOB Manufacturing PMI (August)

·       Germany HCOB Manufacturing PMI (August)

·       Euro Area HCOB Manufacturing PMI (August)/ Unemployment Rate (July)/ ECB Schnabel Speech/ ECB Cipollone Speech/ ECB President Lagarde Speech

·       Greece S&P Global Manufacturing PMI (August)/ Unemployment Rate (June)/ Unemployment Rate (July)

·       Serbia GDP Growth Rate Q2

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 –

·       Nigeria Stanbic IBTC Bank Nigeria PMI (August)/ Foreign Exchange Reserves (August)

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

Tuesday, September 2, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       US Secretary of State Marco Rubio will travel to Mexico and Ecuador for bilateral meetings through September 4.

·       The US Congress returns to work from its August recess.

·       Brazil's Supreme Court hear legal arguments regarding attempted coup charges against former president Jair Bolsonaro.

Economic & Financial Reports/Events –

·       Brazil IPC-Fipe Inflation (August)/ GDP Growth Rate Q2

·       USA Redbook (August)/30/ S&P Global Manufacturing PMI (August)/ ISM Manufacturing PMI (August)/ RCM/TIPP Economic Optimism Index (September)/ LMI Logistics Managers Index (August)/ Total Vehicle Sales (August)

·       Canada S&P Global Manufacturing PMI (August)

·       Paraguay Inflation Rate (August)

Asia

Political/Social Events –

·       Today is Independence Day in Vietnam, a national holiday.

Economic & Financial Reports/Events –

·       Bank of Japan Deputy Governor Ryozo Himino will meet with and give remarks to local leaders in Eastern Hokkaido, Japan.

·       New Zealand Export Prices Q2/ Import Prices Q2/ Terms of Trade Q2/ Global Dairy Trade Price Index (September/02)

·       South Korea Inflation Rate (August)

·       Australia TD-MI Inflation Gauge (August)/ Current Account Q2/ Net Exports Contribution to GDP Q2/ Cotality Dwelling Prices (August)

·       Japan BoJ Himino Speech

·       Thailand Business Confidence (August)

·       Singapore SIPMM Manufacturing PMI (August)

·       Kazakhstan Inflation Rate (August)

·       Pakistan Inflation Rate (August)/ Wholesale Prices (August)

Europe

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       European Central Bank Board Member Frank Elderson will chair a panel on 'Independent administrative discretion and the rule of law' at 2025 ECB Legal Conference "Building Europe's Autonomy: Law, Institutions, Cooperation" in Frankfurt, Germany.

·       European Central Bank Board Member Pedro Machado will participate on a panel entitled 'Independent administrative discretion and the rule of law' at 2025 ECB Legal Conference "Building Europe's Autonomy: Law, Institutions, Cooperation" in Frankfurt, Germany

·       Romania PPI (July)

·       Hungary GDP Growth Rate Q2

·       Switzerland Retail Sales (July)

·       France Budget Balance (July)

·       Spain Unemployment Change (August)/ New Car Sales (August)

·       Euro Area Inflation Rate (August)/ CPI Flash (August)/ ECB Elderson Speech/ ECB Machado Speech

·       Italy PPI (July)/ New Car Registrations (August)

Middle East

Political/Social Events –

·       The Lebanese Armed Forces will present a plan for Hezbollah's disarmament to Lebanon's Cabinet.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Mozambique GDP Growth Rate Q2

·       Nigeria GDP Growth Rate Q2

Wednesday, September 3, 2025

Global

·       The United Nations General Assembly will meet on Ukraine.

Americas

Political/Social Events –

·       President Trump will host Polish President Karol Nawrocki at the White House.

·       Jamaica holds House of Representatives elections.

Economic & Financial Reports/Events –

·       St Louis Fed president Alberto Musalem gives speech at the Peterson Institute in Washington, D.C.

·       Minneapolis Federal Reserve Bank President Neel Kashkari participates in a fireside chat hosted by the Minnesota Women's Economic Roundtable.

·       USA MBA Mortgage Market Index (August/29)/ MBA Purchase Index (August/29)/JOLTs Job Openings (July)/ Factory Orders (July)/ Fed Beige Book/ API Crude Oil Stock Change (August/29)/EARNINGS: Salesforce, HPE, Gitlab, Dollar Tree

·       Brazil Industrial Production (July)/ S&P Global Composite & Services PMI (August)

·       Mexico Consumer Confidence (August)

·       Canada Labor Productivity Q2

·       Colombia Exports (July)

Asia

Political/Social Events –

·       China will hold a military parade marking the 80th anniversary of the end of World War II, with 26 foreign leaders in attendance.

Economic & Financial Reports/Events –

·       South Korea Foreign Exchange Reserves (August)/ GDP Growth Rate Q2

·       Australia Ai Group Industry Index (August)/ S&P Global Composite & Services PMI (August)/ GDP Growth Rate Q2

·       Hong Kong S&P Global PMI (August)

·       Japan S&P Global Composite & Services PMI (August)/ BoJ JGB Purchases

·       Singapore S&P Global PMI (August)

·       Vietnam S&P Global Manufacturing PMI (August)

·       China Caixin Composite & Services PMI (August)

·       India HSBC Composite & Services PMI (August)/ M3 Money Supply (August/22)

·       Pakistan Balance of Trade (August)

Europe

Political/Social Events –

·       The European Union's new floating price cap on Russian oil, set at 15% below the six-month average market price, will take effect.

·       The Eastern Economic Forum will be held in Vladivostok Russia through September 6.

Economic & Financial Reports/Events –

·       European Central Bank President Christine Lagarde will give welcoming remarks at the 9th ESRB Conference "Broadening horizons: ESRB’s next decade of impact" in Frankfurt, Germany.

·       Bank of England Deputy Governor Sarah Breeden gives a keynote speech at the Bank of England and Warwick Business School Innovation In Money and Payments Conference.

·       Ireland AIB Services PMI (August)

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

·       Slovakia Real Wages Q2

·       Turkey Inflation Rate (August)/ PPI (August)

·       Spain HCOB Composite & Services PMI (August)

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

·       Great Britain BoE L Mann Speech / S&P Global Composite & Services PMI (August)/ BoE Breeden Speech

·       Italy HCOB Composite & Services PMI (August)

·       France HCOB Composite & Services PMI (August)

·       Germany HCOB Composite & Services PMI (August)

·       Poland Interest Rate Decision (September)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Saudia Arabia Riyad Bank PMI (August)

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

·       Israel Tourist Arrivals (August)

·       Jordan PPI (July)/ Unemployment Rate Q2

Africa

Political/Social Events –

·       Angola will host its "Angola Oil & Gas" conference in Luanda.

Economic & Financial Reports/Events –

·       Egypt S&P Global PMI (August)/ M2 Money Supply (July)

·       South Africa S&P Global PMI (August)/ GDP Growth Rate Q2

·       Angola GDP Growth Rate Q2

Thursday, September 4, 2025 

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       China’s top trade negotiator, Li Chenggang, will meet with US trade negotiators in Washington today and Friday.

·       US Council of Economic Advisors Chair Stephen Miran will get a confirmation hearing before the Senate Banking Committee to fill out the term of Federal Reserve Board Governor Adriana Kugler.

·       Bloomberg holds its Bloomberg Power Players New York Conference.

Economic & Financial Reports/Events –

·       New York Federal Reserve Bank President John Williams gives keynote before an Economic Club of New York Signature Luncheon.

·       Chicago Federal Reserve Bank President Austan Goolsbee participates in moderated Q&A before mHub Industry Disruptor Series event.

·       USA Challenger Job Cuts (August)/ ADP Employment Change (August)/ Imports/ Exports/ Balance of Trade (July)/ Initial Jobless Claims (August)/30/ Unit Labour Costs Q2/ S&P Global Composite & Services PMI (August)/ ISM Services PMI (August)/ EIA Natural Gas & Crude Oil Stocks Change (August/29)/ 15- & 30-Year Mortgage Rate (September/04)/ Fed Balance Sheet (September/03) EARNINGS: Broadcom, Lululemon

·       Mexico Gross Fixed Investment (June)

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

·       Uruguay Inflation Rate (August)

·       Brazil Balance of Trade (August)

·       Colombia PPI (August)

Asia

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       South Korea Current Account (July)

·       Japan Foreign Bond Investment (August)/30/ Stock Investment by Foreigners (August)/30

·       Australia Imports/ Exports/ Balance of Trade (July)/ Household Spending (July)

·       Thailand Inflation Rate (August)

·       Malaysia Interest Rate Decision

Europe

Political/Social Events –

·       There will be an informal meeting of EU Energy Ministers in Copenhagen, Denmark through September 5.

Economic & Financial Reports/Events –

·       The Handelsblatt banking summit will be held in Frankfurt, Germany.

·       European Central Bank Board Member Piero Cipollone will give an introductory statement at a hearing on the digital euro before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels, Belgium

·       Hungary Retail Sales (July)

·       Switzerland Inflation Rate (August)/ Unemployment Rate (August)

·       Euro Area HCOB Construction PMI (August)/ Retail Sales (July)/ ECB Cipollone Speech

·       France HCOB Construction PMI (August)

·       Germany HCOB Construction PMI (August)

·       Italy HCOB Construction PMI (August)

·       Great Britain New Car Sales (August)/ S&P Global Construction PMI (August)/ DMP 1Y CPI Expectations (August)/ DMP 3M Output Price Expectations (August)

·       Slovenia Balance of Trade (July)

·       Ireland Current Account Q2/ GDP Growth Rate Q2/ GNP Q2

·       Turkey Foreign Exchange Reserves (August/29)/ Imports/ Exports/ Balance of Trade (August)

·       Spain Consumer Confidence (July)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Kuwait M2 Money Supply (July)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       South Africa Business Confidence Q3

·       Egypt Foreign Exchange Reserves (August)

Friday, September 5, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Brazil PPI (August)

·       Canada Unemployment Rate (August)/ Employment Change (August)/ Full & Part Time Employment Chg (August)/ Participation Rate (August)/ Average Hourly Wages (August)/ Ivey PMI s.a (August)

·       USA Unemployment Rate (August)/ Participation Rate (August)/ Average Hourly Earnings (August)/ Government Payrolls (August)/ Manufacturing Payrolls (August)/ U-6 Unemployment Rate (August)/ Baker Hughes Total Rigs Count

·       Ecuador Inflation Rate (August)

·       Costa Rica    Inflation Rate (August)

·       Colombia Inflation Rate (August)

·       El Salvador Inflation Rate (August)

Asia

Political/Social Events –

·       Japan will host the 12th Japan-Australia meeting of foreign and defense ministers in Tokyo.

·       Singapore’s parliament goes into session.  This is the first gathering of parliament since the May elections when the ruling People’s Action Party won a commanding majority.

Economic & Financial Reports/Events –

·       Japan Household Spending (July)/ Average Cash Earnings (July)/ Overtime Pay (July)/ Coincident Index (July)/ Leading Economic Index (July)

·       Philippines Inflation Rate (August)/ Foreign Exchange Reserves (August)

·       Singapore Retail Sales (July)

·       Taiwan Inflation Rate (August)/ Foreign Exchange Reserves (August)

·       Hong Kong Foreign Exchange Reserves (August)

·       India Foreign Exchange Reserves (August/29)

Europe

Political/Social Events –

·       UK Reform holds it two-day national conference in Birmingham, England.

Economic & Financial Reports/Events –

·       Germany Factory Orders (July)/ New Car Registrations (August)

·       Romania GDP Growth Rate Q2/ Retail Sales (July)

·       Great Britain Halifax House Price Index (August)/ Retail Sales (July)/ Retail Sales ex Fuel (July)/ BBA Mortgage Rate (August)

·       Hungary Industrial Production (July)

·       France Imports/ Exports/ Balance of Trade (July)/ Current Account (July)/ Foreign Exchange Reserves (August)/ New Car Registrations (August)

·       Slovakia Balance of Trade (July)/ GDP Growth Rate Q2/ Retail Sales (July)

·       Switzerland Consumer Confidence (August)/ Foreign Exchange Reserves (August)

·       Italy Retail Sales (July)

·       Euro Area Employment Change Q2/ GDP Growth Rate Q2

·       Greece Balance of Trade (July)/ GDP Growth Rate Q2

·       Ireland Unemployment Rate (August)

·       Serbia PPI (August)

·       Poland Foreign Exchange Reserves (August)

·       Turkey Treasury Cash Balance (August)

·       Russia Vehicle Sales (August)

·       Ukraine Foreign Exchange Reserves (August)

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 Foreign Exchange Reserves (August)

·       Ghana Inflation Rate (August)

Saturday, September 6, 2025

Global

·       There will be an OPEC+ ministerial meeting in Vienna, Austria.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

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

Sunday, September 7, 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 –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Indonesia     Foreign Exchange Reserves (August)

·       China Foreign Exchange Reserves (August)/ Standing Committee National People's Congress

·       Japan Foreign Exchange Reserves (August)

Europe

Political/Social Events –

·       There will be an informal meeting of EU Agriculture Ministers through September 9 in Copenhagen, Denmark.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Israel Business Confidence (August)/ Foreign Exchange Reserves (August)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.