The Global Week Ahead

Poland’s Holds Presidential Run-Off Election, Canada’s New Parliament Convenes, President Trump Bashes President Putin and Holds Off On EU Tariffs, and Markets Look Toward FOMC Minutes and Key Inflation Data

May 25 - June 1, 2025

It may be Memorial Day in the US and a Bank Holiday in the UK, but the otherwise shortened week is still going to be a very busy one. 

First, we would point to the upcoming Polish Presidential run-off elections this coming Sunday.  Polls are extremely close, and the two candidates have very different outlooks for the future of Poland.  Nationalist candidate Karol Nawrocki is facing off against pro-EU Warsaw May Rafal Trzaskowski who won a narrow victory in the first round.  2/5th of voters who voted for other candidates will decide the race which is seen as being important not only for Poland but for the EU.  Nawrocki opposes Prime Minister Donald Tusk’s reform agenda, which is strongly pro-EU and if he wins, it could cause the collapse of the Tusk coalition government.

Also this week, the new Canadian Parliament and governing coalition of Prime Minister Mark Carney begins.  The Parliament will convene with a historic – first time in more than 50 years – address by the reigning British Monarch, King Charles.  The King’s message is seen as being aimed as much at President Trump as Canada and will likely be an appeal for unity.

Here in the U.S., Congress is out of session this week for the Memorial Day holiday, but Washington will still be quite busy.  President Trump surprised many with withering criticism on Sunday of Russian President Vladimir Putin for massive new attacks on Ukraine.  Trump called Putin “crazy” and renewed calls for a ceasefire, or he would impose tough new sanctions on Russia. 

Meanwhile on the trade front, President Trump, after a phone call with European Union President Ursula von der Leyden, said he would hold off on new 50% tariffs on the EU until July 9th, citing “a very good conversation.”  

Meanwhile, Japanese negotiators will be meeting with Treasury Secretary Scott Bessent this week to try to hammer out a deal.  Markets were surprised on Friday when President Trump announced his support for Nippon Steel’s bid to acquire U.S. Steel – which he previously had opposed.  But no one knows the details of the deal and how it will be structured other than President Trump calling it “a partnership” in a Truth Social posting.

Adding to the U.S.-Japan trade talks was the surprise proposal by SoftBank Founder Masayoshi Son for the creation of a joint U.S.-Japan sovereign wealth fund to make large investments in tech and infrastructure in the U.S.  This may be an early indicator of not only where a trade deal may come out but also go in some way to the structure of the Nippon-U.S. Steel deal.

Asia is going to have a busy week with three big events taking place this week.  First, ASEAN leaders will gather in Malaysia to talk about U.S. tariffs and the future of trade and security in the region.  Second, the Shangri-la Dialogue – a large security conference – is being held in Singapore.  Military leaders and defense ministers – including U.S. Defense Secretary Pete Hegseth – will be attend.  Hegseth’s speech will likely be an important marker for the future of U.S. security policy in the region.

The third big event is French President Emmanual Macron’s tour of the region starting with a visit to Vietnam and then on to Indonesia and Singapore.  The visit is seen as both France’s and the EU’s increased engagement and focus on Asia and Asian security.

Looking at the global economic radar screen this week, in the US markets are focused on the PCE print on Friday as an indicator of where inflation is headed and how the Federal Reserve will respond.  Also out this week are trade figures on Friday, the Conference Board’s consumer confidence report on Tuesday and durable goods orders on Tuesday.  Also out this week is the Fed’s Open Market Meeting minutes.

In Europe, CPI prints are the big news of the week.  Germany, Italy, and Spain all report CPI on Friday.  Consumer confidence indices are out in Germany this week, too.  

Turning to Asia, markets are looking at the Japan’s CPI figures being released this week as well as consumer confidence figures on Thursday.  And China’s industrial profit figures are out this week, as well. 

Below are all the other major geopolitical and geoeconomic events we are tracking this coming week:

Sunday, May 25, 2025

Global

·       The World Health Assembly will convene its 78th session in Geneva, Switzerland, through May 27.

Americas

Political/Social Events –

·       In Venezuela, parliamentary and regional elections are scheduled to be held.  However, the elections are widely anticipated to be rigged to keep the regime of President Maduro further entrenched in power.

·       The International Chamber of Commerce arbitration hearing is held today to decide a dispute between ExxonMobil and Chevron over ownership of an enormous oil project in Guyana’s Stakbroek oilfield.  The value of the project is estimated to be as much as $1 trillion.

·       Suriname holds parliamentary elections.

Economic Reports/Events –

·       Federal Reserve Board Chair Jay Powell gives the Baccalaureate speech at the Princeton University graduation.

Asia

Political/Social Events –

·       ASEAN Foreign Ministers will meet in Kuala Lumpur.

·       French President Emmanual Macron begins his Southeast Asia tour, arriving in Vietnam on Sunday evening. Macron is scheduled to meet with Communist Party Chief To Lam and President Luong Cuong and witness a signing ceremony for bilateral agreements. He will then go to Jakarta to meet with Indonesian President Prabowo Subianto, followed by a trip to Singapore to deliver a keynote speech at the Shangri-La Dialogue on Friday.

Economic Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       The NATO Secretary General, Mark Rutte, will take part in the 2025 Spring Session of the NATO Parliamentary Assembly (NPA) in Dayton, United States..

Economic Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Israel celebrates Jerusalem Day – a national holiday – marking the day on the Hebrew calendar when the city was unified under Israeli rule after the 1967 War.

·       Iraq's electoral commission will open registration ahead of the Nov. 11 parliamentary elections.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Monday, May 26, 2025

Global

·       The BRICS 4th Working Group Meeting on new and Renewable Energy and Energy Efficiency meets in Tehran, Iran through May 28.

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

Americas

Political/Social Events –

·       Today is Guyana Independence  Day, celebrating when the country declared its independence from Great Britain in 1966.

Economic Reports/Events –

·       Brazil FGV Consumer Confidence (May)/ Current Account (April)/ Foreign Direct Investment (April)

·       Canada Manufacturing Sales (April)

·       Brazil BCB Focus Market Readout

·       Peru GDP Growth Rate Q1

Asia

Political/Social Events –

·       The ASEAN Summit begins in Malaysia and runs through Wednesday.  Southeast Asian leaders will seek to strengthen the bloc's role as a stabilizing force in the region and address the situation in Myanmar. Following this, Malaysia – which is chairing this year’s Summit - will host the inaugural ASEAN-Gulf Cooperation Council-China Summit, where leaders are expected to address growing U.S. tariff pressures, deepening geopolitical rifts and regional crises..

Economic Reports/Events –

·       Thailand Import/ Export/ Balance of Trade (April)/ New Car Sales (April)

·       Japan Coincident Index Final (March)/ Leading Economic Index Final (March)

·       Singapore Industrial Production (April)

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

·       Philippines Budget Balance (April)

Europe

Political/Social Events –

·       Newly elected German Chancellor Friedrich Merz will meet with Nordic prime ministers in southwest Finland.

·       Nicușor Dan, Romania’s president-elect, is expected to be sworn in at a ceremony in the nation’s parliament building in Bucharest.

·       The EU Agriculture and Fisheries Council meets in Brussels.  The ministers are expected to discuss the US tariff situation.

·       The EU Foreign Affairs Council (Development) meets in Brussels.  The meeting is the first the first one for the high representative Kaja Kallas, will dedicate the first session to financing for development.

·       Ministers will meet one month prior to the 4th International Conference on Financing for Development (FfD4), scheduled for 30 June – 3 July 2025 in Seville, Spain. This conference will focus on new and emerging issues, the pressing need to fully implement the Sustainable Development Goals (SDGs), and the ongoing reform of the international financial system.  The Council will also address EU-Africa relations as a follow-up to the 3rd EU-African Union ministerial meeting on May 22.

·       Today is Georgia Independence Day, celebrating when the country broke free from the Soviet Union.

Economic Reports/Events –

·       European Central Bank President Christine Lagarde participates in "Spotlight on Christine Lagarde: Europe's Role in a Fragmented World" event organized by Hertie School/Jacques Delors Centre in Berlin, Germany.

·       Ireland Consumer Confidence (May)

·       Switzerland Non-Farm Payrolls Q1

·       Spain PPI (April)

·       Poland Unemployment Rate (April)/ Retail Sales (April)

·       Slovenia Business Confidence (May)

·       Euro Area ECB President Lagarde Speech

Middle East

Political/Social Events –

·       Pakistani Prime Minister Muhammad Shehbaz Sharif will visit Iran, Turkey, and Azerbaijan through May 29.

Economic Reports/Events –

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

·       Israel Manufacturing Production (March)/ Interest Rate Decision/ Composite Economic Index (April)/ Manufacturing PMI (April)

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

Africa

Political/Social Events –

·       The African Development Bank’s annual meetings take place in Abidjan, with a new president due to be announced on Thursday.

Economic Reports/Events –

·       Nigeria GDP Growth Rate Q1

Tuesday, May 27, 2025

Global

·       The UN Security Council is scheduled to hold elections to fill the vacancy in the International Court of Justice (ICJ).

·       in Copenhagen, Denmark, the Sixth Global Climate and SDG Synergies Conference will be co-convened by the UN Department of Economic and Social Affairs (UN DESA) and UNFCCC. Hosted by the Government of Denmark, the conference will continue until 28 May.

Americas

Political/Social Events –

·       King Charles addresses the state opening of parliament in Ottawa, the first time a ruling monarch has conducted this duty in person in 50 years.

·       Today is Memorial Day in the United States.  Financial markets are closed, and the US Congress is out of session this week.

Economic Reports/Events –

·       Minneapolis Federal Reserve Bank President Neel Kashkari speaks and participates in a policy panel before the Bank of Japan Institute for Monetary and Economic Studies Conference.

·       New York Federal Reserve Bank President John Williams participates in moderated discussion panel before the Bank of Japan Institute for Monetary and Economic Studies Conference.

·       Richmond Federal Reserve Bank President Thomas Barkin will be interviewed on Bloomberg Television.

·       USA Durable Goods Orders (April)/ S&P/Case-Shiller Home Price (March)/ House Price Index (March)/ CB Consumer Confidence (May)/ Dallas Fed Manufacturing Index (May)/ Money Supply (April)

·       Brazil IPCA mid-month CPI (May)

·       Canada Wholesale Sales (April)

·       Uruguay Interest Rate Decision

Asia

Political/Social Events –

·       Chinese Foreign Minister Wang Yi will be hosting 11 of his counterparts from China-friendly Pacific countries in Xiamen for the third China-Pacific Island Countries Foreign Ministers' Meeting (as Beijing aims to bolster its relationships with Pacific nations and deepen its influence in the region. This marks the first in-person gathering of its kind in China, following an online meeting and another held in Suva, Fiji.

Economic Reports/Events –

·       South Korea Consumer Confidence (May)

·       China Industrial Profits (YTD) (April)

·       Taiwan Consumer Confidence (May)

Europe

Political/Social Events –

·       The EU General Affairs Council meets in Brussels.  Ministers will discuss the carbon border adjustment mechanism and preparations for the June European Council, and an Article 7 procedure concerning Hungary (the Treaty on European Union’s Article 7 allows the suspension of certain rights from a member state.  The EU Commission has demanded that Hungary withdraw a draft transparency law aimed at limiting foreign funding of NGO’s and media organizations in the country. The EU is now taking up Article 7 against Hungary to try and force the issue).  The Council will also take up Spain’s request to include Catalan, Basque, and Galician in regulation No 1/1958 which governs the EU’s language regime. 

·       Today is the Late May Bank Holiday in the UK.  Financial markets are closed.

Economic Reports/Events –

·       European Union New Car Registrations (April)

·       Germany GfK Consumer Confidence (June)

·       Switzerland Balance of Trade (April)

·       France Inflation Rate (May)/ Unemployment Benefit Claims (April)/ Jobseekers Total (April)

·       Great Britain BoE Hauser Speech/ CBI Distributive Trades (May)

·       Euro Area Economic Sentiment (May)/ Consumer Confidence Final (May)/ Consumer Inflation Expectations (May)/ Industrial Sentiment (May)/ Selling Price Expectations (May)/ Services Sentiment (May)

·       Ireland Average Weekly Earnings Q1

·       Spain Business Confidence (May)

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

Middle East

Political/Social Events – 

·       Iranian President Masoud Pezeshkian will visit Oman through May 28.  It is expected they will discuss the ongoing nuclear talks with the U.S. as well as other regional issues.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Leading Business Cycle Indicator (March)

Wednesday, May 28, 2025

Global

·       The joint OPEC and non-OPEC ministerial monitoring committee meeting takes place in Vienna.

·       The UN Security Council is scheduled to hold a briefing on the Middle East, followed by consultations.

·       The BRIC High Level Meeting on Climate Change and Sustainable Development meets in Brasilia, Brazil.

·       The BRICS 2nd Rapid Security Channel Meeting takes place at the Central Bank of Brazil in Sao Paolo, Brazil.

Americas

Political/Social Events –

·       Today is the end of the wind-down period for Chevron’s and other western oil companies to drill for oil in Venezuela.

·       U.S. Vice President J.D. Vance speaks at the Bitcoin 2025 conference in Las Vegas.

·       EU President António Costa meets with Brazilian President Lula in Brasilia, Brazil.

·       Unions in Colombia are set to go on strike through May 29 over a government sponsored labor referendum.

·       The Caribbean Island of St. Martin celebrates Abolition Day, marking when slavery was abolished in 1848.

Economic Reports/Events –

·       Federal Reserve’s FMOC Minutes Released

·       Minneapolis Federal Reserve Bank President Neel Kashkari participates in conversation and Q&A at Keio University.

·       USA MBA Mortgage Market Index (May/23)/ MBA Purchase Index (May/23)/ Redbook (May/24)/ Richmond Fed Manufacturing Index (May)/ Dallas Fed Services Index (May)API Crude Oil Stock Change (May/23)

·       Colombia Business Confidence (April)

·       Brazil Net Payrolls (April)

Asia

Political/Social Events –

·       China will launch the Tianwen-2 asteroid sampling mission.

·       Today is the Founding of the Democratic Republic of Azerbaijan Day.

Economic Reports/Events –

·       South Korea Business Confidence (May)

·       Australia Construction Work Done Q1/ Monthly CPI Indicator (April)

·       New Zealand RBNZ Interest Rate Decision/ RBNZ Press Conference

·       Malaysia PPI (April)

·       Taiwan GDP Growth Rate Q1

·       India Industrial Production (April)/ Manufacturing Production (April)/ M3 Money Supply (May/16)

Europe

Political/Social Events –

·       Russian Foreign Minister Sergey Lavrov meets with Turkish Foreign Minister Fidan in Moscow.

·       EU President Ursula von der Leyden meets with Spanish Prime Minister Pedro Sanchez in Brussels.

Economic Reports/Events –

·       Bank of England Chief Economist Huw Pill gives a speech at the Oesterreichische Nationalbank and SUERF Annual Economics Conference 2025 in Vienna, Austria.

·       Germany Import Prices (April)/ Unemployment Rate and Change (May)/ Unemployed Persons (May)

·       France GDP Growth Rate Q1/ Household Consumption (April)/ Non-Farm Payrolls Q1/ PPI (April)

·       Turkey Economic Confidence Index (May)

·       Euro Area ECB Consumer Inflation Expectations (April)

·       Switzerland Economic Sentiment Index (May)

·       Slovenia Retail Sales (April)

·       Ireland Retail Sales (April)

·       Great Britain BoE Pill Speech

·       Russia Industrial Production (April)/ PPI (April)

Middle East

Political/Social Events –

·       Today is the 600th day since of the Hamas-Israel Conflict after Hamas launched its attack on civilians in Israel on October 7, 2023.

Economic Reports/Events –

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

Africa

Political/Social Events –

·       The Africa Tax Symposium takes place in Kigali.

·       The Africa Internet Governance Forum will take place in Dar Es Salaam, Tanzania through May 31.

·       Today is national Day of Ethiopia, celebrating when the military regime of Megishu Haile Mariam was ended in 1991.

Economic Reports/Events –

·       Mozambique Interest Rate Decision

Thursday, May 29, 2025

Global

·       The UN Security Council is scheduled to vote on a draft resolution on South Sudan sanctions and on Libya. This will be followed by consultations on 1718 Committee.

·       Today is Ascencion Day in the Christian world, marking 40 days after Easter and the Ascension of Jesus into Heaven.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Federal Reserve Board Governors Adriana Kugler gives a speech at the 5th Annual Federal Reserve Board Macro-Finance Workshop (Virtual)

·       Richmond Federal Reserve Bank President Thomas Barkin participates in a fireside chat before the Housing Partnership Network.

·       San Francisco Federal Reserve Bank President Mary Daly participates in fireside chat before the Oakland Rotary Club.

·       Dallas Federal Reserve Bank President Lorie Logan gives opening remarks and participates in moderated conversation before the Greater Waco Member Appreciation event.

·       Chicago Federal Reserve Bank President Austan Goolsbee participates in a moderated question-and-answer session before the 2025 Mackinac Policy Conference hosted by the Detroit Regional Chamber.

·       Brazil IGP-M Inflation (May)/ Bank Lending (April)/ Unemployment Rate (April)

·       Canada Average Weekly Earnings (March)/ Current Account Q1

·       USA GDP Growth Rate Q1/ Corporate Profits Q1/ Initial Jobless Claims (May/24)/ PCE Prices Q1/ Real Consumer Spending Q1/ Pending Home Sales (April)/ EIA Natural Gas Stocks Change (May/23)/ 15- & 30-Year Mortgage Rate (May/29)/ EIA Crude Oil & Gasoline Stocks Change (May/23)/ Fed Kugler Speech/ Fed Balance Sheet (May/28)

·       Chile Unemployment Rate (April)

·       Mexico Monetary Policy Meeting Minutes

Asia

Political/Social Events –

·       Nikkei will host the 30th Future of Asia forum, its flagship annual conference, in Tokyo over two consecutive days. This year's main theme is "Asia's challenge in a turbulent world." Political leaders set to attend the event include Japanese Prime Minister Shigeru Ishiba, Cambodian Prime Minister Hun Manet, Chief Adviser of Bangladesh Muhammad Yunus, Laotian President Thongloun Sisoulith and Palauan President Surangel Whipps Jr.

·       Early voting begins in South Korea in advance of the June 3 snap elections for president. Voters will be choosing a replacement for impeached President Yoon Suk Yeol.

Economic Reports/Events –

·       Japan Foreign Bond Investment (May/24)/ Stock Investment by Foreigners (May/24)/ Consumer Confidence (May)

·       New Zealand ANZ Business Confidence (May)

·       South Korea Interest Rate Decision

·       Australia Building Capital Expenditure Q1/ Plant Machinery Capital Expenditure Q1/ Private Capital Expenditure Q1

·       Singapore Import Prices (April)/ Export Prices (April)/ PPI (April)

Europe

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Hungary Balance of Trade (April)

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

·       Spain Retail Sales (April)

·       Turkey Imports/ Exports/ Balance of Trade Final (April)/ Foreign Exchange Reserves (May/23)

·       Italy Business Confidence (May)/ Consumer Confidence (May)/ Industrial Sales (March)

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 –

·       South Africa PPI (April)/ Interest Rate Decision/ Prime Overdraft Rate

·       Zimbabwe Inflation Rate (May)

·       Egypt M2 Money Supply (April)

Friday, May 30, 2025

Global

·       Today is the International Day of the Potato.

Americas

Political/Social Events –

·       The third round of U.S.-Japan trade talks will commence in Washington, D.C.

Economic Reports/Events –

·       San Francisco Federal Reserve Bank President Mary Daly participates in panel before virtual Reagan National Economic Forum.

·       Atlanta Federal Reserve Bank President Raphael Bostic gives welcome remarks before the Council for Economic Education's 2025 National Economics Challenge.

·       Chicago Federal Reserve Bank President Austan Goolsbee participates in moderated Q&A before “The Interview Show with Mark Bazer"

·       Brazil Gross Debt to GDP (April)/ Nominal Budget Balance (April)/ GDP Growth Rate Q1

·       Mexico Unemployment Rate (April)/ Fiscal Balance (April)

·       Canada GDP Growth Rate Annualized Q1/ Budget Balance (March)

·       USA Core PCE Price Index (April)/ Personal Income and Spending (April)/ Goods Trade Balance Adv (April)/ PCE Price Index (April)/ Retail Inventories Ex Autos (April)/ Wholesale Inventories (April)/ Chicago PMI (May)/ Michigan Consumer Sentiment Final (May)/ Baker Hughes Total Rigs Count (May/30)

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

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

·       Uruguay Balance of Trade (April)

Asia

Political/Social Events –

·       The Shangri-la Dialogue, sponsored by the International Institute for Strategic Studies, begins in Singapore.  The conference hosts top military brass from around the world, which will stretch over the weekend, with issues ranging from the Ukraine war to Israel's actions in the Gaza Strip set to be discussed at the conference.  US Secretary of Defense Pete Hegseth will attend and speak.

Economic Reports/Events –

·       New Zealand ANZ Roy Morgan Consumer Confidence (May)/ Building Permits (April)

·       South Korea Industrial Production (April)

·       Japan Unemployment Rate (April)/ Jobs/applications ratio (April)/ Tokyo Core CPI (May)/ Industrial Production (April)/ Retail Sales (April)/ Housing Starts (April)/ Construction Orders (April)

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

·       Australia Building Permits (April)/ Retail Sales (April)/ Housing Credit (April)/ Private House Approvals (April)/ Private Sector Credit (April)

·       Singapore Bank Lending (April)

·       Thailand Industrial Production (April)/ Current Account (April)/ Private Consumption and Investment (April)/ Retail Sales (March)

·       Malaysia M3 Money Supply (April)

·       Sri Lanka Inflation Rate (May)/ Balance of Trade (April)/ PPI (April)

·       India GDP Growth Rate Q1/ Government Budget Value (March)/ Government Budget Value (April)/ Foreign Exchange Reserves (May/23) 

Europe

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Great Britain Car Production (April)/ Nationwide Housing Prices (May)

·       Germany Retail Sales (April)/ Baden Wuerttemberg CPI (May)/ Bavaria CPI (May)/ Brandenburg CPI (May)/ Hesse CPI (May)/ North Rhine Westphalia CPI (May)/ Saxony CPI (May)/ Inflation Rate (May)

·       Hungary PPI (April)

·       Spain Inflation Rate (May)/ Current Account (March)

·       Switzerland KOF Leading Indicators (May)

·       Turkey GDP Growth Rate Q1/ Unemployment Rate (April)/ Participation Rate (April)/ Financial Stability Report

·       Euro Area Loans to Companies and Households (April)/ M3 Money Supply (April)

·       Italy GDP Growth Rate Q1/ Inflation Rate (May)/ PPI (April)

·       Poland Inflation Rate (May)

·       Slovenia Inflation Rate (May)

·       Greece PPI (April)/ Retail Sales (March)/ Unemployment Rate (April)/ Total Credit (April)

·       Ireland Construction Output Q1/ Inflation Rate (May)

·       Serbia Balance of Trade (April)/ Industrial Production (April)/ Retail Sales (April)/ Unemployment Rate Q1

·       Ukraine Current Account (April)

·       Russia M2 Money Supply (April)

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 –

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

·       Nigeria Foreign Exchange Reserves (May)

·       Kenya Inflation Rate (May)

Saturday, May 31, 2025

Global

·       Nothing significant to report.

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 –

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

Europe

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Poland Presidential Election - 2nd round

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, June 01, 2025 

Global

·       OPEC+ meeting takes place to review market conditions and oil prices.

·       Today is the first day of summer in the Northern Hemisphere.

Americas

Political/Social Events –

·       Mexico holds judicial elections. Voters for the first time will vote to elect all nine members of the Supreme Court, tow magistrates of the Superior Chamber of the Electoral Tribunal of the Federal Judiciary, 15 magistrates of the Regional Chambers of Electoral Tribunal, 5 members of the Judicial Disciplinary Tribunal, 464 circuit court magistrates, and 386 district court judges.   The vote comes after a highly controversial law was passed in 2024 by the Mexican parliament to move to judicial elections.  Critics argue the law politicizes the judicial system and opens the door to massive corruption and influence to the drug cartels.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

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

Europe

Political/Social Events –

·       Poland holds the second round of presidential elections.

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 –

·       Today is Madaraka Day, celebrating the Republic of Kenya and when it gained self-rule in 1963.

Economic Reports/Events –

·       Nothing significant to report.