The Global Week Ahead
May 3 - 10, 2026
ASEAN Leaders Gather in the Philippines as EU Leaders Meet in Armenia, Russia’s Muted Victory Parade, Trump Readies for his China Trip, Iran Offers the U.S. New Terms, the UK Holds Important Local Elections, and Markets Await Another Big Earnings Week
As the world continues to scramble to understand and mitigate the growing economic risks emanating out of the Iran War, leaders in two key regions are going to be meeting this week to discuss it all. First, the Association of Southeast Asian Nations (ASEAN) will gather in Cebu, the Philippines. It is a packed agenda but top of mind is the skyrocketing cost of oil and the impact on national economies. Many of the member countries are highly dependent on Middle Eastern oil and are finding it increasingly difficult to find alternative sources. As a result, a number of countries have already implemented emergency measures such as the Philippines, Malaysia, and Vietnam.
Leaders will also be talking about ongoing regional security issues such as tensions in the South China Sea, the ongoing conflict in Myanmar, and simmering Cambodian-Thai border skirmishes.
Meanwhile, in Armenia, European leaders will be gathering for the European Political Community (EPC) Summit. This is the biggest gathering of European leaders in the South Caucasus ever. The EPC was established in 2022 after Russia’s invasion of Ukraine and includes 47 heads of state. Top of the agenda is the growing global economic crisis and what can be done to help bring an end to the Iran War.
Also attending will be Canadian Prime Minister Mark Carney (as part of Canada’s growing political and economic relations as a result of seemingly non-stop trade tariffs from the U.S.) as well as Ukrainian President Volodymyr Zelenskyy. All told, the gathering represents 24 percent of the global GDP and 690 people (almost nine percent of the global population).
On Saturday, Russia is holding its annual Victory Day Parade, celebrating its victory over Nazi Germany. But this parade held in Moscow - as well as parades held in other Russian cities – will be different from virtually every other parade held over the last 81 years as President Vladimir Putin has ordered a significant scaling back of the event, omitting tanks, armored vehicles, missile systems, and the traditional march of naval cadets. Putin, citing “terrorist threats” will only allow air force displays and some troop marching. The “terrorist threat” being attacks by Ukrainian drone forces which increasingly have successfully struck Russian military and oil/gas facilities deep inside Russia. Extensive netting is being put over Moscow streets where the parade is taking place to defend against possible drone strikes. The Ukrainian strikes are as deep as 2,000 kilometers into Russia. Moreover, Ukrainian forces have regained net territory for the first time since 2023 while Russian forces lost an estimated 35,000 soldiers killed or wounded in April alone. Clearly, the war is not going well for Russia.
Also of note in Europe this week are local elections in the UK. Widely seen as a likely indicator of the political future of the Labor Government and Prime Minister Keir Starmer, polls are suggesting a nationwide “anyone but Labour” vote. Depending on how rough the outcome is for the Labour Party, it could be a final blow to Starmer’s government and facilitate a call for new national elections.
In Asia, the big events is Japanese Prime Minister Sanae Takaichi’s three-day visit to Australia. This morning (Monday) she signed a new cooperation agreement with Australian Prime Minister Anthony Albanese to deepen trade on energy and critical minerals. This comes after the two countries signed a landmark defense deal.
Looking at the global economic and financial radar screen this week, starting in the U.S., jobs will be the big focus for markets. The JOLTS report is out on Tuesday, the ADP report on Wednesday, and the April jobs report on Friday. Additionally, the ISM Service Index on Tuesday, Q1 nonfarm payrolls on Thursday, and the jobs reports and the University of Michigan Consumer Survey on Friday.
In Europe, it is a relatively light data week. Germany reports factory orders on Tuesday and trade figures on Friday, and we will see the Eurozone March retail sales.
Turning to Asia, the Reserve Bank of Australia meets on interest rates on Tuesday, we will get a CPI report from South Koea on Wednesday along with PMI numbers from China.
But the big financial news of the week is the flood of corporate earnings reports this week. Markets (and Washington) will be focused on a number of companies and how they are being impacted by the Iran War and the growing impact from oil/gas and other shortages.
Below is our detailed report outlining the major geopolitical and economic events anticipated for the coming week:
Sunday, May 3, 2026
Global
· OPEC+ holds its monthly meeting.
Americas
Political/Social Events –
· The Milken Institute Global Conference begins in Los Angeles, California.
Economic & Financial Reports/Events –
· Nothing significant to report.
Asia
Political/Social Events –
· Today is Constitution Memorial Day in Japan.
Economic & Financial Reports/Events –
· Vietnam Balance of Trade (April)/ Foreign Direct Investment (April)/ Industrial Production YoY (April)/ Inflation Rate YoY (April)/ Retail Sales YoY (April)/ Tourist Arrivals YoY (April)
Europe
Political/Social Events –
· There will be an informal meeting of EU Agriculture Ministers through May 5th in Lefkosia, Cyprus.
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, May 4, 2026
Global
· Nothing significant to report.
Americas
Political/Social Events –
· Both the U.S. Senate and House of Representatives are out of session this week.
· This week, following President Trump’s announcement last week, 25% tariffs will be applied to all trucks and cars from Europe.
Economic & Financial Reports/Events –
· New York Federal Reserve Bank President John Williams gives keynote before the Cynosure Group Spring Symposium in New York.
· Federal Reserve Vice Chair for Supervision Michelle W. Bowman will speak at the 2026 Women in Housing and Finance Symposium, Washington, D.C.
· The Governor of the Bank of Canada, Tiff Macklem, will appear before the House of Commons Standing Committee on Finance. He will be accompanied by Senior Deputy Governor Carolyn Rogers.
· Mexico Business Confidence (April)/ S&P Global Manufacturing PMI (April)
· Chile IMACEC Economic Activity (March)
· Brazil S&P Global Manufacturing PMI (April)/ BCB Focus Market Readout
· USA Factory Orders (March)/ Factory Orders ex Transportation (March)/Loan Officer Survey/ Treasury Refunding Financing Estimates/ Total Vehicle Sales (April)
· Columbia Davivienda Manufacturing PMI (April)
· Paraguay Inflation Rate (April)
· Argentina Tax Revenue (April)
· EARNINGS: Palantir, Williams Companies, Diamondback Energy, Loews, Tyson Foods, Telus, CNA Financial, AES, Norwegian Cruise Line, Vaornado, NexGen Energy, Erop Copper, Alamo, Cargojet, Grupo MexicoGruop Carso, Inbursa, BB Seguridade
Asia
Political/Social Events –
· India holds ballot counting for April elections held in four states, including politically crucial West Bengal that borders Bangladesh, and a federally governed territory. Results are expected on the same day. Most exit polls give an edge to Prime Minister Narendra Modi’s Bharatiya Janata Party in West Bengal, which it has never ruled before. If these projections hold, it will give a massive boost to the BJP, whose traditional regional strongholds are the country’s north and west.
· China continues to celebrate Labor Day. Financial markets are closed.
· Today is Nature Day in Japan, a national holiday. Financial markets are closed.
Economic & Financial Reports/Events –
· Indonesia S&P Global Manufacturing PMI (April)/ Imports/Exports/Balance of Trade (March)/ Inflation Rate (April)/ Tourist Arrivals (March)
· Malaysia S&P Global Manufacturing PMI (April)
· South Korea S&P Global Manufacturing PMI (April)
· Tawain S&P Global Manufacturing PMI (April)
· Vietnam S&P Global Manufacturing PMI (April)
· Australia TD-MI Inflation Gauge (April)/Building Permits (March)/ ANZ-Indeed Job Ads (April)/ Private House Approvals (March)
· India HSBC Manufacturing PMI (April)
· Philippines S&P Global Manufacturing PMI (April)
Europe
Political/Social Events –
· The Eurogroup will meet in Brussels. Ministers will hear from the Chairs of the Single Supervisory Mechanism and of the Single Resolution Board as part of their twice-yearly reporting. They will also discuss cross-border banking issues with Slawomir Krupa, President of the European Banking Federation. Additionally, ministers will assess the impact of the Middle East conflict on the EU economy and will discuss policy measures to address the crisis. Ministers will also hear a presentation by Christian Noyer and Jörg Kukies on their recommendations for giving start-ups and scale-ups better access to private capital.
· The 8th Meeting of the European Political Community takes place in Yerevan, Armenia. ring together leaders from across the continent in Yerevan, Armenia, under the motto ‘Building the Future: Unity and Stability in Europe’. Leaders will discuss how to cooperate more closely and coordinate action to strengthen democratic resilience, advance connectivity and reinforce economic and energy security. The summit will be co-chaired by António Costa, the President of the European Council, and Nikol Pashinyan, Prime Minister of the Republic of Armenia. The meeting will take place ahead of the first-ever EU-Armenia bilateral summit.
· The EU-Armenia Summit will take place through May 5th in Yerevan, Armenia. Leaders will discuss progress made with regard to ensuring peace, security, connectivity and prosperity in the South Caucasus. In August 2025, the EU welcomed the initialing of the Armenia-Azerbaijan peace treaty and the signing of a political declaration. This agreement between Armenia and Azerbaijan marks a significant breakthrough to end decades of conflict and paves the way to lasting, sustainable peace for both countries and across the entire region.
· Finnish President Alexander Stubb will visit the Czech Republic.
· The German Forum on Security Policy begins in Berlin and runs through Thursday.
· Today is Early May Bank Holiday in the United Kingdom. The government, banks, and financial markets are closed.
Economic & Financial Reports/Events –
· European Central Bank Board Member Piero Cipollone gives a pre-recorded interview at the joint ECB-Banca d’Italia-€ABCN-CEPR workshop on Digital assets and Monetary Policy Transmission in Rome, Italy.
· The European Central Bank publishes its 2026 annual report.
· Russia S&P Global Manufacturing PMI (April)
· Hungary PPI (March)/ HALPIM Manufacturing PMI APR
· Poland S&P Global Manufacturing PMI (April)
· Turkey Inflation Rate (April)/ Istanbul Chamber of Industry Manufacturing PMI (April)/ PPI (April)
· Spain S&P Global Manufacturing PMI (April)
· Switzerland Manufacturing PMI (April)
· Italy S&P Global Manufacturing PMI (April)
· France S&P Global Manufacturing PMI (April)
· Germany S&P Global Manufacturing PMI (April)
· Euro Area S&P Global Manufacturing PMI (April)/ECB Buch Speech/ECB President Lagarde Speech/Eurogroup Meeting/ECB Survey of Monetary Analysts/ECB Survey of Professional Forecasters
· Greece S&P Global Manufacturing PMI (April)
· EARNINGS: HSBC, AXA, Infineon, Ferrari, Ferguson, Leonardo SpA, Alcon AG, Logitech, Covestro, Fresenius Medical, Hugo Boss, Amplifon
Middle East
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Saudi Arabia M3 Money Supply (March)/ Private Bank Lending (March)
Africa
Political/Social Events –
· Following China’s May 1st expansion of zero-tariff access for 53 African states, trade ministries in major hubs (Nairobi, Lagos, and Cairo) are expected to hold briefings this week to outline the logistical framework for increased exports to Chinese markets.
· The World Press Freedom Day Global Conference takes place in Lusaka, Zambia. The UNESCO-backed summit is titled “Shaping a Future of Peace,” and gathers regional leaders and journalists. A major focal point will be the impact of Artificial Intelligence (AI) on journalism—a timely topic given South Africa’s recent policy withdrawal due to AI-generated errors.
Economic & Financial Reports/Events –
· Nigeria Stanbic IBTC Bank Nigeria PMI (April)
· South Africa ABSA Manufacturing PMI (April)
Tuesday, May 5, 2026
Global
· The G7 Trade Ministers meet in Paris, France.
Americas
Political/Social Events –
· The U.S. Trade Representative is scheduled to begin public hearings on investigations into the trade practices of the European Union, China, Mexico, and other countries.
· In the United States, primary elections will be held in Indiana, Ohio, Nebraska, New Jersey, and West Virginia. This is the first major test of President Trump’s endorsement clout in 2026: he endorsed challengers to eight Indiana GOP state senators who voted down his congressional redistricting push, with allies spending millions to oust them. Results will be read as a referendum on his intra-party leverage heading into the midterms.
· Mexico will celebrate Cinco de Mayo, commemorating its 1862 military victory.
Economic & Financial Reports/Events –
· Federal Reserve Board Governor Michael S. Barr speaks on banking regulation at an event with Bank of England Deputy Governor Sam Woods in Oxford, United Kingdom.
· Brazil IPC-Fipe Inflation (April)/ BCB Copom Meeting Minutes
· United States LMI Logistics Managers Index (April)/Building Permits (February)/Building Permits (March)/ Imports/Exports/Balance of Trade (March)/ Redbook (May/02)/ S&P Global Composite PMI (April)/ S&P Global Services PMI (April)/ ISM Services PMI (April)/ JOLTs Job Openings (March)/New Home Sales (February)/New Home Sales (March)/ ISM Services Business Activity (April)/ ISM Services Employment (April)/ISM Services Prices (April)/ISM Services New Orders (April)/ JOLTs Job Quits (March)/RCM/TIPP Economic Optimism Index (May)/NY Fed Bill Purchases 1 to 4 months/ Total Household Debt Q1/ API Crude Oil Stock Change (May/01)
· Canada Imports/Exports/Balance of Trade (March)/ S&P Global Composite PMI (April)/ S&P Global Services PMI/(April)
· Columbia Exports (March)
· Uruguay Unemployment Rate (March)/ Inflation Rate (April)
· EARNINGS: Advanced Micro, Shopify, Pfizer, Duke Energy, KKR, Emerson Electric, Cummins, Suncor Energy, Rockwell Automation, Cameco, PayPal, Ambev, Occidental Petroleum, Fiserv, Prudential Financial, Archer-Daniels, Live Nation, Devon Energy, Leidos, Dupont, XP, Qorvo, Lumen Tech, Voya, Raia Drogasil, Celenese, Colliers, Sunoco, Cabot, EQB
Asia
Political/Social Events –
· Japanese Prime Minister Sanae Takaichi visits Australia for bilateral meetings with Prime Minister Anthony Albanese. The two leaders will sign new mutual defense agreements as well as arrange closer economic ties, especially around the trade in critical minerals.
· Vietnam’s President To Lam will visit India through May 7th.
· The SAHA 2026 International Defense & Aerospace Exhibition begins in Istanbul, Turkey and runs through May 9. More than 260 foreign companies and delegations will participate, with 39% being from Asia, according to the organizers. Japan, Vietnam, Taiwan, Thailand, South Korea and Australia will be represented for the first time -- either through companies or as delegations -- while company participants from China are expected to increase compared with the 2024 event.
· Today is Children’s Day in South Korea, a national holiday.
Economic & Financial Reports/Events –
· The Asia Development Bank holds its 59th meeting in Samarkand, Uzbekistanthrough Wednesday.
· Australia S&P Global Composite PMI (April)/ S&P Global Services PMI (April)/ Household Spending (March)/ RBA Interest Rate Decision/RBA Press Conference
· Thailand S&P Global Manufacturing PMI (April)/ Inflation Rate (April)
· Philippines Inflation Rate (April)
· Indonesia GDP Growth Rate Q1
· Singapore Retail Sales (March)
· Hong Kong GDP Growth Rate Adv Q1
· Pakistan balance of trade
· EARNINGS: Grab
Europe
Political/Social Events –
· The EU Economic and Financial Affairs Council will meet in Brussels. The Council is expected to agree on new rules giving the European public prosecutor’s office (EPPO) and the European anti-fraud office (OLAF) access to EU-level VAT information, thereby strengthening the fight against value added tax fraud in the EU. Ministers will also hold a policy debate on the market integration and supervision package - a key element of the EU’s saving and investment union. The Council is expected to adopt an implementing decision approving the modified recovery and resilience plan of Denmark. They will also discuss recovery and resilience plans to allow member states to benefit from the EU’s recovery and resilience fund, a financial support program to help repair the economic and social damage caused by the COVID-19 pandemic.
· Norges Bank Governor Ida Wolden Bache testifies before Norway’s parliament on the management of the government pension fund.
Economic & Financial Reports/Events –
· European Central Bank President Christine Lagarde gives introductory remarks at the Climate, Nature and Price Stability Conference organized by the ECB, Frankfurt School and CETEX in Frankfurt, Germany. ECB Board Chief Economist Philip Lane will give the keynote speech.
· Spain New Car Sales (April)/ Unemployment Change (April)/ Tourist Arrivals (March)
· Italy New Car Registrations (April)
· Romania PPI (March)/ Unemployment Rate (March)
· Switzerland Inflation Rate (April)/Inflation Rate (April)
· France Budget Balance (March)
· UK New Car Sales (April)/ BoE Woods Speech
· Slovenia Balance of Trade (March)
· Serbia PPI (April)
· Turkey Imports/Exports/ Balance of Trade Prel (April)
Middle East
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Jordan PPI (March)
· Saudia Arabia Riyad Bank PMI (April)
· UAE S&P Global PMI (April)
· Israel Unemployment Rate (March)
Africa
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Egypt Foreign Exchange Reserves (April)/ M2 Money Supply (March)/ S&P Global PMI (April)
· South Africa Total New Vehicle Sales (April)
Wednesday, May 6, 2026
Global
· The World Trade Organization General Council meeting takes place in Geneva, Switzerland.
· The Global Supply Chain Pressure Index for April is released.
Americas
Political/Social Events –
· U.S. Commerce Secretary Howard Lutnick is scheduled to testify before the House Oversight Committee on his relationship with Jeffrey Epstein.
Economic & Financial Reports/Events –
· Bank of Canada Governor Tiff Macklem and Deputy Governor Carolyn Rogers will appear before the Standing Senate Committee on Banking, Commerce, and the Economy.
· St. Louis Fed President Alberto Musalem participates in a discussion at the Mississippi Bankers Association annual convention.
· USA MBA Mortgage Applications (May/01)/ MBA Mortgage Market Index (May/01)/MBA Mortgage Refinance Index (May/01)/ MBA Purchase Index (May/01)/ ADP Employment Change (April)/ Treasury Refunding Announcement/ EIA Crude Oil and Gasoline Stocks Change (May/01
· Mexico Gross Fixed Investment (February)/ Foreign Exchange Reserves (April)
· Brazil S&P Global Services PMI (April)/ S&P Global Composite PMI (April)/ Car Production (April)/New Car Registrations (April)
· Canada Ivey PMI (April)
· Columbia Monetary Policy Meeting Minutes
· EARNINGS: Disney, Uber, Marriott, CVS Health, DoorDash, Apollo, Warner Bros, Johnson Controls, MetLife, Loblaw Companies, Exelon, Great West Lifeco, NRG Energy, TKO Group, SunLife Financial, Nutrient, Kraft Heinz, Fortis, Restaurant Brands, Canadian Utilities, TOTVS, TransAlta, Snap
Asia
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· New Zealand RBNZ Financial Stability Report/ RBNZ Financial Stability Report/ Employment Change Q1/Unemployment Rate Q1/ Labour Costs Index Q1/Participation Rate Q1/Global Dairy Trade Price Index (May/05)
· Australia Ai Group Industry Index (April)/ Ai Group Construction Index (April)/ Ai Group Manufacturing Index (April)/ RBA Chart Pack
· South Korea Inflation Rate (April)
· Hong Kong S&P Global PMI (April)
· Singapore S&P Global PMI (April)
· Philippines Industrial Production (March)/ Unemployment Rate (March)
· China RatingDog Services PMI (April)/ RatingDog Composites PMI (April)
· India HSBC Composite PMI (April)/ HSBC Services PMI (April)
· Thailand Business Confidence (April)
· Taiwan Foreign Exchange Reserves (April)
· Hong Kong Retail Sales (March)
Europe
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· European Central Bank Board Member Claudia Buch gives a presentation at the House of the Euro event in Brussels, Belgium.
· European Central Bank Chief Economist Philip R. Lane participates in a policy panel at the 2nd Kiel-CEPR Conference on Monetary Policy – Central Bank Independence in the Spotlight organized by Kiel Institut in Berlin, Germany.
· European Central Bank Board Member Piero Cipollone gives a keynote speech at the AsVis Sustainable Development Festival “Si puo’ fare! Capitale, impresa, futuro: investire nella transizione” in Milan, Italy.
· European Central Bank Board Member Claudia Buch gives a speech and participates on a panel discussion at an event on the occasion of the retirement of Mathias Dewatripont organized by Université libre de Bruxelles in Brussels, Belgium.
· Ireland IB Services PMI (April)
· France New Car Registrations (April)/ Industrial Production (March)/ S&P Global Composite PMI (April)/ S&P Global Services PMI (April)
· Russia S&P Global Composite PMI (April)/ S&P Global Services PMI (April)
· Hungary Industrial Production (March)
· Spain S&P Global Services PMI (April)/ S&P Global Composite PMI (April)
· Italy S&P Global Services PMI (April)/ S&P Global Composite PMI (April)/ Retail Sales (March)
· Germany S&P Global Composite PMI (April)/ S&P Global Services PMI (April)/ New Car Registrations (April)
· Euro Area S&P Global Composite PMI (April)/ S&P Global Services PMI (April)/ PPI (March)
· UK S&P Global Composite PMI (April)/ S&P Global Services PMI (April)/ Index-linked Treasury Gilt 2035 Auction
· Poland Interest Rate Decision (May)
· EARNINGS: UniCredit, Daimler Truck Holding AG, Heidelberg Cement, Fresenius, Poste Italane, Continental, Lufthansa, Telecom Italia, Banca Generali, HelloFresh
Middle East
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Kuwait 2 Money Supply (March)
· Israel Tourist Arrivals (April)
Africa
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· South Africa S&P Global PMI (April)
Thursday, May 7, 2026
Global
· Nothing significant to report.
Americas
Political/Social Events –
· Paraguay’s President Santiago Pena will visit Taiwan.
Economic & Financial Reports/Events –
· Cleveland Federal Reserve Bank President Beth Hammack speaks on “Fed 101 and policy” in a fireside chat before the 2026 Ohio CEO Summit: “Blueprints for Bold Leadership.”
· Federal Reserve Bank of Chicago President & CEO Austan Goolsbee speaks at the Milken Institute in Beverly Hills, California.
· Minneapolis Fed President Neel Kashkari participates in fireside chat at Northern Michigan University in Marquette, Michigan.
· USA Challenger Job Cuts (April)/ Nonfarm Productivity Q1/ Unit Labour Costs Q1/ Continuing Jobless Claims (April/25)/ Jobless Claims 4-week Average (May/02)/ Used Car Prices (April)/ Construction Spending (March)/ Construction Spending (February)/ NY Fed Bill Purchases 1 to 4 months/ EIA Natural Gas Stocks Change (May/01)/ Consumer Inflation Expectations (April)/ 15-Year Mortgage Rate (May/07)/30-Year Mortgage Rate (May/07)/ Consumer Credit Change (March)/ Fed Balance Sheet (May/06)
· Brazil Industrial Production (March)/ Balance of Trade (April)
· Mexico Inflation Rate (April)/ Interest Rate Decision
· Chile Imports/Exports/Balance of Trade (April)
· Ecuador Inflation Rate (April)
· Argentina Industrial Production (March)
· Columbia PPI (April)
· EARNINGS: McDonalds, Giliead Sciences, McKesson, Canadian Natural Resources, Airbnb, Motorola, Sempra Energy, Grainger, Coinbase, Trade Desk, Expedia, EchoStart, Carlyle, Paramount Skydance, Lyft
Asia
Political/Social Events –
· A two-day ASEAN ministerial meeting will start in Cebu in the Philippines, marking the opening of this year’s ASEAN Summit, with the Philippines serving as the chair. Urgent priority will be placed on handling the energy crisis stemming from the war in the Middle East. The region’s powers also want to reach an agreement on a code of conduct in the South China Sea as China increases its military presence. However, there are lingering tensions within the bloc, including in Myanmar following its general election, and the border dispute between Thailand and Cambodia. Attention is expected to be given on all these fronts.
Economic & Financial Reports/Events –
· South Korea Foreign Exchange Reserves (April)
· Japan BoJ Monetary Policy Meeting Minutes/ Monetary Base
· Australia Imports/Exports/ Balance of Trade (March)
· Philippines GDP Growth Rate Q1
· Kazakhstan PPI (April)
· Malaysia Interest Rate Decision
· South Korea Retail Sales (March)
· Taiwan Inflation Rate (April)
· Singapore Foreign Exchange Reserves (April)
Europe
Political/Social Events –
· The United Kingdom will hold local and devolved elections across England, Scotland and Wales.
· German President Frank-Walter Steinmeier meets his Finnish counterpart Alexander Stubb in Helsinki to discuss support for Ukraine, industrial co-operation and the situation in the Middle East.
Economic & Financial Reports/Events –
· European Central Bank Board Member Luis de Guindos gives the keynote speech at the conference European Financial Integration 2026 jointly organized by the European Commission and the European Central Bank in Frankfurt, Germany.
· European Central Bank Board Member Frank Elderson chairs a panel discussion at conference European Financial Integration 2026 jointly organized by the European Commission and the European Central Bank in Frankfurt, Germany.
· European Central Bank Board Member Isabel Schnabel delivers the 5th Annual Charles Goodhart Lecture 2026 in London, United Kingdom.
· The Bank of England’s Agenda for Research (BEAR) Conference takes place in London and runs through Friday. This year’s theme is “The Interconnected World.”
· Germany Factory Orders (March)/ HCOB Construction PMI (April)
· Romania Retail Sales (March)
· Hungary Retail Sales (March)
· France Imports/Exports/Balance of Trade (March)/ Current Account (March)/ HCOB Construction PMI (April)
· Switzerland Unemployment Rate (April)/ Foreign Exchange Reserves (April)
· Euro Area HCOB Construction PMI (April)/ Retail Sales (March)
· Italy HCOB Construction PMI (April)
· UK S&P Global Construction PMI (April)
· Ireland Unemployment Rate (April)
· Serbia Interest Rate Decision
· Russia Summary of the Key Rate Discussion
· Turkey Foreign Exchange Reserves (May/01)
· Poland Foreign Exchange Reserves (April)
· Ukraine Inflation Rate (April)
· Slovakia Industrial Production (March)
· EARNINGS: Shell, Enel, Rheinmetall, Siemens Healthineers, Legrand, Bouygues, Mediobanca, Henkel, Pirelli, Maersk, Swiss Re, Lufthansa, BMW, Kongsberg, Novo Nordisk, Philips, AP Møller-Maersk, AcelorMIttal
Middle East
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Israel Business Confidence (April)
Africa
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· EARNINGS: Gold Fields
Friday, May 8, 2026
Global
· Nothing significant to report.
Americas
Political/Social Events –
· Nothing significant to report. Brazil Inflation Rate (April)
Economic & Financial Reports/Events –
· Federal Reserve Governor Lisa D. Cook will give a speech entitled “Perspectives on Tokenization and Implications for the Financial System” at the Central Bank of West African States (BCEAO) Conference on Digital Assets, Dakar, Senegal.
· Federal Reserve Board Governor Christopher J. Waller participates on a policy panel at the Hoover Institution Monetary Policy Conference, Stanford, California.
· Federal Reserve Vice Chair for Supervision Michelle W. Bowman participates on a policy panel at the Hoover Institution Monetary Policy Conference, Stanford, California.
· Federal Reserve Bank of Chicago President Austan Goolsbee and Federal Reserve Bank of San Francisco President Mary Daly participate in panel before the Hoover Institution Monetary Policy Conference 2026,”Independence, Structure, and Risks Ahead for Central Banks.”
· Brazil Inflation Rate (April)
· Chile Inflation Rate (April)
· Mexico Consumer Confidence (April)
· Canada Unemployment Rate (April)/ Employment Change (April)/ Full Time Employment Change (April)/ Part Time Employment Chg (April)/ Participation Rate (April)/ Average Hourly Wages (April)
· USA Non-Farm Payrolls (April)/ Unemployment Rate (April)/ Average Hourly Earnings (April)/ Participation Rate (April)/ Average Weekly Hours (April)/ Government Payrolls (April)/ Manufacturing Payrolls (April)/ Nonfarm Payrolls Private (April)/ U-6 Unemployment Rate (April)/ Michigan Consumer Sentiment (May)/ Michigan 5 Year Inflation Expectations (May)/ Michigan Consumer Expectations (May)/ Michigan Current Conditions (May)/ Michigan Inflation Expectations (May)/ Wholesale Inventories (March)/ Baker Hughes Oil Rig Count (May/08)
· Costa Rica Inflation Rate (April)/ Unemployment Rate Q1
· Columbia Inflation Rate (April)
· El Salvador Inflation Rate (April)
· EARNINGS: Enbridge, Embraer, Starwood Property, Algonquin Power & Utilities, Wendy’s, YPF, Brookfield Management
Asia
Political/Social Events –
· The Philippines will host the 48th summit of the Association of Southeast Asian Nations (ASEAN) in Cebu.
Economic & Financial Reports/Events –
· South Korea Current Account (March)
· Japan Average Cash Earnings (March)/ Overtime Pay (March)/ S&P Global Composite PMI (April)/ S&P Global Services PMI (April)/ Foreign Exchange Reserves (April)
· Indonesia Foreign Exchange Reserves (April)/ Property Price Index Q1
· Thailand Consumer Confidence (April)/ Foreign Exchange Reserves (April)
· China Foreign Exchange Reserves (April)
· Philippines Foreign Exchange Reserves (April)
· Malaysia Industrial Production (March)
· Taiwan Imports/Exports/ Balance of Trade (April)
· Hong Kong Foreign Exchange Reserves (April)
· India Foreign Exchange Reserves (May/01)
· EARNINGS: Toyota Motor, Nintendo
Europe
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· European Central Bank President Christine Lagarde gives opening remarks at the Banco de España LatAm Economic Forum 2026 in Roda de Bará, Spain.
· European Central Bank Board Member Luis de Guindos participates in a fireside chat at the XII Foro Megatendencias organized by el Economista in Madrid Spain.
· European Central Bank Board Member Isabel Schnabel gives a speech at Reinoldimahl in Dortmund, Germany.
· European Central Bank Board Member Piero Cipollon gives a pre-recorded video interview for Voices on the Future during AsVis Sustainable Development Festival in Rome, Italy.
· Day 2 of The Bank of England’s Agenda for Research (BEAR) Conference takes place in London. This year’s theme is “The Interconnected World.” Bank of England Governor Andrew Bailey will participate in a fireside chat.
· Ukraine Foreign Exchange Reserves (April)
· Germany Imports/Exports/Balance of Trade (March)/ Industrial Production (March)
· UK Halifax House Price Index (April)/ BBA Mortgage Rate (April)
· Hungary Inflation Rate (April)
· Slovakia Balance of Trade (March)/
· Turkey Industrial Production (March)/ Treasury Cash Balance (April)
· Greece Harmonized Inflation Rate (April)/ Inflation Rate (April)
· Russia Foreign Exchange Reserves (April)
· Spain Industrial Production (March)
· Switzerland Consumer Confidence (April)
· EARNINGS: Commerzbank, Intesa Sanpaulo
Middle East
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Israel Foreign Exchange Reserves (April)
Africa
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Ghana Inflation Rate (April)
· South Africa Foreign Exchange Reserves (April)
Saturday, May 9, 2026
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 –
· China Imports/Exports/Balance of Trade (April)
· Indonesia Car Sales (April)
· Mozambique Inflation Rate (April)
· Angola Inflation Rate (April)
Europe
Political/Social Events –
· The Hungarian Parliament officially votes in Peter Magyar as the new prime minister.
· Russia celebrates the 81st Victory Day (defeat of the Nazis) which includes the traditional Victory Day Parade in Moscow. However, President Vladimir Putin has ordered the parade to be scaled back due to the threat of Ukrainian drone strikes. Additionally, the Russian Army is putting up netting over the parade route to protect the parade from drone attacks.
· Today is Europe Day, commemorating the moment in 1950 when French foreign minister Robert Schuman proposed deeper co-operation across the continent, laying the foundations for what has become the European Union.
Economic & Financial Reports/Events –
· European Central Bank Board Member Sharon Donnery gives the keynote speech at the 58th Soroptimist Ireland North-South Conference in Drogheda, Ireland.
· Greece Balance of Trade (March)/ Balance of Trade (February)
· Hungary Budget Balance (April)
· Russia Vehicle Sales (April)
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 –
· Tanzania Inflation Rate (April)
Sunday, May 10, 2026
Global
· It is Mother’s Day in Australia and Canada today.
Americas
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Nothing significant to report.
Asia
Political/Social Events –
· Today is Constitution Day in Micronesia, a national holiday.
Economic & Financial Reports/Events –
· Nothing significant to report.
Europe
Political/Social Events –
· There will be an informal meeting of Ministers for European Affairs through May 11thin Brussels.
Economic & Financial Reports/Events –
· European Central Bank Board Member Piero Cipollone participates in a virtual conversation at the Ventotene Europa festival 2026 in Rome, Italy.
Middle East
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Saudia Arabia Inflation Rate (April)
Africa
Political/Social Events –
· Nothing significant to report.
Economic & Financial Reports/Events –
· Egypt Inflation Rate (April)