The Global Week Ahead

Trade Talks and the G7 Finance Ministers and Central Bankers Meeting Dominate the Week, Trump to Speak to Putin Again on Ukraine Ceasefire, and More Trade Negotiations in Washington This Week

May 18 - 25, 2025

Trade will continue to dominate geopolitics this coming week, both in the US and in Europe.  First, markets will watch closely as UK Prime Minister Keir Starmer holds a high-stakes summit with EU leaders in London on Monday, focused on improving trade as well as locking in ways to work together on mutual defense development.  Ultimately, the talks are a shift back from Brexit and, if successful, will be the third major trade deal locked in by Starmer in a month (the other two being with India and the US).

In the US, senior trade officials from India and Japan will be meeting with senior Trump trade officials, including Treasury Secretary Scott Bessent, in an effort to reach new trade agreements.  For the Japanese, this coming week is important for another reason:  The US Treasury Department’s Committee for Foreign Investment in the United States (CFIUS) is expected to present President Trump and Treasury Secretary Bessent with a new review of Nippon Steel’s $15 billion bid for US Steel, a deal blocked by then-President Joe Biden and initially opposed by then-candidate Donald Trump.  However, since then, Trump has said he is open to finding a deal for Nippon Steel to own a large–but–not–controlling stake in US Steel.

Sticking with trade for a moment, the other big talks this week come with the visit of South African President Cyril Ramaphosa for meetings with President Trump.  The primary purpose of the meeting is an attempt to reset the relationship between the two countries, which have soured in recent months.  But both leaders will discuss trade (trade between the US and South Africa came in at $21 billion in 2024).  However, the Trump Administration has vocally condemned South Africa’s land reform policy and efforts to get the International Court of Justice to bring war crime charges against Israel.   Last week, a group of white South Africans were granted refugee status in the US by the Trump Administration. 

We will be watching closely for the read-out of President Trump’s expected telephone call with Russian President Vladimir Putin this week.  Trump, who is reportedly getting frustrated with Putin’s lack of seriousness about moving toward a cease-fire in Ukraine, is expected to press the Russian president to move on a deal.  However, Russian officials in Moscow are letting it be known in advance of the call that Putin is going to present a new list of demands to Trump for a cease-fire to be considered – a move that is likely to further frustrate Trump.

Turning to Europe, EU foreign ministers will meet on Tuesday to discuss Israel and Gaza.  Specifically, EU trade ties with Israel are being reviewed as there has been a free trade agreement (FTA) in place for more than 25 years that requires Israel to respect “human rights and democratic principles” – something the Netherlands is asking the EU to review due to ongoing military action in Gaza. 

Also, there was an important election in Europe this weekend: Romania held a run-off election between centrist Bucharest Mayor Nicusor Dan and right-wing/pro-Russia nationalist George Simion.  Simion spoke of ending support for Ukraine and opposing NATO support for Ukraine and for confronting Russian aggression in general.  As of late Sunday night, it appears Dan has won a surprise victory.

We will be watching elections this coming week in Venezuela and Suriname.  By all appearances, the parliamentary elections being held in Venezuela next Sunday are already rigged to further entrench dictator Nicholas Maduro and his regime in power.  Opposition leader Maria Conrina Machado has called for a boycott by voters.

Looking at the global economic radar screen for the coming week, the big event is the G& finance ministers and central bankers meeting in Banff, Canada.  Trade and tariffs are set to be the primary agenda item.  But support for Ukraine will also be up there as a major issue, too.

In terms of major reports this week, markets are anxiously watching for Thursday’s release of global flash PMIs to get a fuller sense of the impact of the Trump tariffs on manufacturing globally.

Also, next week, central banks and central bank governors will be busy.  The Reserve Bank of Australia decides on interest rates on Tuesday.  There are a slew of central bankers giving speeches in the US and elsewhere, and we will be hearing from central bank chiefs at the G7 meetings.  The European Central Bank releases minutes from their April meeting, and the Atlanta Federal Reserve Bank holds their annual financial markets conference Monday through Wednesday, and there will be a number of US regional Fed presidents speaking there, too.

Other major data reports out this week include the UK inflation print, Germany’s Ifo survey, and France’s business confidence index. 

In Asia, China releases its April industrial production and retail sales on Monday, while Japan’s trade balance is out on Wednesday, and the national CPI is out on Friday.

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

Sunday, May 18, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       House Republicans seek to find agreement tonight on the Reconciliation bill in order to bring it to floor for a vote this coming week before the Memorial Day recess week.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       Poland holds the first round of elections for their presidency.

·       Portugal holds parliamentary elections.

·       Romania holds the 2nd round of elections for its presidency.

Economic Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Morocco will host the 21st annual African Lion military exercises in conjunction with more than 30 other countries, including the United States, in Agadir, Tan-Tan, Tiznit, Tafraout, Kenitra and Ben Guerir through May 23.

·       The IMF Middle East and north Africa research conference, co-organized by the IMF and the Onsi Sawiris School of Business at The American University in Cairo, begins.

Economic Reports/Events –

·       Israel Q1 GDP.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Monday, May 19, 2025

Global

· The G7 Meeting of Finance Ministers and Central Bank Governors will gather in Banff, Canada, for meetings through Thursday.

·       The 78th World Health Assembly begins in Geneva and runs through May 27.

·       The BRICS Energy Ministerial Meeting is held in Brazil.

Americas

Political/Social Events –

·       President Trump is expected to have a telephone conversation with Russian President Vladimir Putin over efforts to end the Ukraine War.  Putin is expected to deliver a new set of demands to Trump as conditions for a ceasefire.

·       South African President Cyril Ramaphosa will visit the United States through May 22 for meetings with President Trump.  Ramaphosa and Trump are seeking to reset the US-South African relationship as well as negotiate a trade deal.

·       US-Japan trade negotiators meet again seeking to find agreement on a trade deal.

·       US-Indian trade negotiators meet in Washington seeking to find agreement on a trade deal.

Economic Reports/Events –

·       Federal Reserve Board Vice Chair Phillip Jefferson speaks at the Federal Reserve Bank of Atlanta Financial Markets Conference in Fernandina Beach, Florida.

·       New York Federal Reserve Bank President John Williams speaks on the US economic outlook at the Mortgage Bankers Association Secondary and Capital Markets Conference in New York.

·       Atlanta Federal Reserve Bank President Raphael Bostic gives welcome remarks before the 2025 Financial Markets Conference -"Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta.

·       Dallas Federal Reserve Bank President Lorie Logan gives prepared remarks during “Policy Session 2: The Increasing Role of Nonbank Institutions in the Treasury and Money Markets" at the 2025 Financial Markets Conference -"Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta.

·       Brazil IBC-BR Economic Activity (March)/ BCB Focus Market Readout

·       Chile Current Account Q1/ GDP Growth Rate Q1

·       USA Fed Bostic Speech/ / CB Leading Index (April)/ Fed Logan Speech/ Fed Kashkari Speech

·       Colombia Balance of Trade (March)/ Imports (March)

Asia

Political/Social Events –

·       China will conduct live-fire drills off the coast of Hong Kong through May 20.

Economic Reports/Events –

·       New Zealand Composite & Services NZ PCI (April)/ PPI Input & Output Q1

·       China House Price Index (April)/ Industrial Production (April)/ Retail Sales (April)/ Fixed Asset Investment (YTD) (April)/ Unemployment Rate (April)

·       Thailand GDP Growth Rate Q1

·       Japan Tertiary Industry Index (March)

Europe

Political/Social Events –

·       UK Prime Minister hosts the UK-EU Summit in London.  Britain is hoping to reset a deal with the EU would boost defense and security cooperation, mutual immigration issues, and food regulation.

Economic Reports/Events –

·       Slovakia Inflation Rate (April)/ Current Account (March)/ Unemployment Rate (April)

·       Spain Balance of Trade (March)

·       Euro Area CPI Final (April)/ Inflation Rate (April)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Unemployment Rate (April)

·       Kuwait Inflation Rate (April)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Tuesday, May 20, 2025

Global

· The G7 Meeting of Finance Ministers and Central Bank Governors convenes in Banff, Canada.

·        The UN Security Council is scheduled to hold an open debate on Maintenance of international peace and security: maritime security. The Secretary-General is expected to deliver remarks.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       US Federal Reserve Board Governor Adriana Kugler gives the commencement address at the Spring 2025 Berkeley Economics Commencement Ceremony (Virtual).

·       Richmond Federal Reserve Bank President Thomas Barkin speaks on growth in rural communities before the “Elevating What Works" 2025 Investing in Rural America Conference hosted by the Federal Reserve Bank of Richmond.

·       Atlanta Federal Reserve Bank President Raphael Bostic gives welcome back remarks before the 2025 Financial Markets Conference -"Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta.

·       St. Louis Federal Reserve Bank President Alberto Musalem speaks on the U.S. economy and monetary policy in a moderated conversation before the Economic Club of Minnesota.

·       San Francisco Federal Reserve Bank President Mary Daly and Cleveland Federal Reserve Bank President Beth Hammack give keynotes, and Atlanta Federal Reserve Bank President Raphael Bostic moderates a discussion before the 2025 Financial Markets Conference -"Financial Intermediation In Transition: How Will Policy Adapt?" hosted by the Federal Reserve Bank of Atlanta.

·       Canada Inflation Rate (April)/ CPI Median (April)

·       USA Redbook (May/17)/ / Fed Collins Speech/ API Crude Oil Stock Change (May/16)

·       Argentina Balance of Trade (April)

·       Uruguay Interest Rate Decision

Asia

Political/Social Events –

·       Computex Taipei, one of the biggest tech events in the world, begins in Taipei.

·       China may conduct military drills around Taiwan surrounding the one-year anniversary of President William Lai coming to office.

Economic Reports/Events –

·       China Loan Prime Rate 1Y & 5Y (May)

·       Indonesia Current Account Q1/ Loan Growth (April)/ Infrastructure Output (April)

·       Malaysia Imports/ Exports/ Balance of Trade (April)

·       Australia RBA Interest Rate Decision/ RBA Press Conference

·       Taiwan Export Orders (April)/ Current Account Q1

·       Hong Kong Unemployment Rate (April)

·       New Zealand Global Dairy Trade Price Index (May/20)

Europe

Political/Social Events –

·       In Belgium, EU foreign and defense ministers – the Foreign Affairs Council and Foreign Affairs Council (Defense) – will gather to meet in Brussles to discuss mutual security issues and the status of the Ukraine-Russia peace talks.

·       There will be an informal meeting of EU Ministers responsible for cohesion policy in Warsaw through May 21.

Economic Reports/Events –

·       Bank of England Chief Economist Huw Pill gives a speech at the Barclays briefing in London.

·       European Central Bank Executive Board Member Claudia Buch participates in a fireside chat at The Association for Financial Markets in Europe's 5th Annual European Financial Integration Conference in Frankfurt, Germany.

·       European Central Bank Executive Board Member Piero Cipollone gives a pre-recorded video interview during AsVis Sustainable Development Festival.

·        

·       European Central Bank Executive Board Member Sharon Donnery participates in a fireside chat at BPFI National Banking Conference in Dublin, Ireland.

·       Germany PPI (April)

·       Hungary Gross Wage (March)

·       Turkey Consumer Confidence (May)/ Central Government Debt (April)

·       Euro Area Current Account (March)/ Construction Output (March)/ Labour Cost Index Flash Q1/ ECB Donnery Speech/ ECB Cipollone Speech/ ECB Buch Speech/ Consumer Confidence Flash (May)

·       Italy Construction Output (March)/ Current Account (March)

·       Great Britain BoE Pill Speech

·       Spain Consumer Confidence (April)

Middle East

Political/Social Events –

·       Qatar will host the fifth Qatar Economic Forum in Doha through May 22.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Angola Interest Rate Decision

·       Ethiopia Inflation Rate (April)

·       Nigeria Interest Rate Decision

·       South Africa National Budget

Wednesday, May 21, 2025

Global

·       G7 Meeting of Finance Ministers and Central Bank Governors in Banff, Canada.

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

·       The International Energy Agency releases its Global Critical Minerals Outlook report.

·       The BRICS Trade Ministers meeting is held in Brazil.

Americas

Political/Social Events –

·       The Treasury Department’s Committee on Foreign Investment in the US (CFIUS) is expected to issue a new report of their review of Nippon Steel’s bid to acquire U.S. Steel.  The deal, which was blocked by former U.S. President Joe Biden, had been under review after Trump ordered a reexamination. After the committee's recommendation, Trump has 15 days to make a decision on the deal.

Economic Reports/Events –

·       Richmond Federal Reserve Bank President Thomas Barkin participates in a “Fed Listens" event as part of the “Elevating What Works" 2025 Investing in Rural America Conference hosted by the Federal Reserve Bank of Richmond.

·       USA MBA Mortgage Market Index (May/16)/ MBA Purchase Index (May/16)/ EIA Crude Oil & Gasoline Stocks Change (May/16)

·       Mexico Retail Sales (March)

·       Canada New Housing Price Index (April)

·       El Salvador Balance of Trade (April)

·       Argentina Economic Activity (March)/ Leading Indicator (April)

·       Costa Rica Balance of Trade (April)

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       New Zealand Imports/ Exports/ Balance of Trade (April)/ Credit Card Spending (April)/ Budget Economic and Fiscal Update 2025

·       Japan Imports/ Exports/ Balance of Trade (April)

·       Australia Westpac Leading Index (April)/ RBA Chart Pack

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

·       Indonesia Interest Rate Decision/ Deposit Facility Rate (May)/ Lending Facility Rate (May)

Europe

Political/Social Events –

·       The 60th meeting of the European Economic Area Council will meet in Brussels.

·       The 3rd EU-African Union ministerial meeting begins in Brussels.

Economic Reports/Events –

·       European Central Bank Executive Board Member Philip R. Lane participates as a discussant at JEEA-FBBVA Lecture on "Negative interest rates and the impact of monetary policy" in Madrid, Spain.

·       Great Britain Inflation Rate (April)/ Retail Price Index (April)

·       Euro Area ECB Non-Monetary Policy Meeting/ ECB Financial Stability Review/ ECB Lane Speech

·       Greece Current Account (March)

·       Poland Corporate Sector Wages (April)/ Employment Growth (April)/ Industrial Production (April)/ PPI (April)

·       Slovenia PPI (April)/ Unemployment Rate (March)

·       Ireland Residential Property Prices (March)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Inflation Expectations (May)

·       Lebanon Inflation Rate (April)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Inflation Rate (April)/ Retail Sales (March)

Thursday, May 22, 2025

Global

·       The UN Security Council is scheduled to hold an open debate on the Protection of civilians in armed conflict.

Americas

Political/Social Events –

·       President Donald Trump due to hold a gala dinner for the top 220 holders of the Trump meme coin at the Trump National Golf Club just outside Washington in Northern Virginia.

Economic Reports/Events –

·       New York Federal Reserve Bank President John Williams gives keynote before Monetary Policy Implementation Workshop: “Unwinding Large Central Bank Balance Sheets" hosted by the Federal Reserve Bank of New York.

·       Canada CFIB Business Barometer (May)/ PPI (April)/ Raw Materials Prices (April)/ BoC Gravelle Speech

·       Mexico Economic Activity (March)/ GDP Growth Rate Q1/ Mid-month Inflation Rate (May)

·       USA Chicago Fed National Activity Index (April)/ Initial Jobless Claims (May/17)/ Jobless Claims 4-week Average (May/17)/ S&P Global Manufacturing/ Composite/ Services PMI Flash (May)/ Existing Home Sales (April)/ EIA Natural Gas Stocks Change (May/16)/ Kansas Fed Manufacturing & Composite Index (May)/ 15- & 30-Year Mortgage Rate (May/22)/ Fed Balance Sheet (May/21)

·       Argentina Consumer Confidence (May)/ Retail Sales (March)

·       Paraguay PPI (April)

Asia

Political/Social Events –

·       New Zealand’s Finance Minister Nicola Willis introduces the government’s new budget.

Economic Reports/Events –

·       Bank of Japan Board Member Asahi Noguchi will give a speech at a meeting of local business leaders in Miyazaki, Japan.

·       Australia S&P Global Manufacturing/ Composite/ Services PMI Flash (May)

·       Japan Reuters Tankan Index (May)/ Machinery Orders (March)/ Foreign Bond Investment (May/17)/ Stock Investment by Foreigners (May/17)/ Jibun Bank Manufacturing/ Composite/ Services PMI Flash (May)/ BOJ Noguchi Speech

·       Singapore GDP Growth Rate Q1

·       Sri Lanka Interest Rate Decision

·       Malaysia Inflation Rate (April)

·       India HSBC Manufacturing/ Composite/ Services PMI Flash (May)

·       Taiwan Unemployment Rate (April)

·       Hong Kong Inflation Rate (April)

·       Indonesia M2 Money Supply (April)

Europe

Political/Social Events –

·       The EU Competitiveness Council (Internal Market and Industry) meets in Brussels.

·       In Spain, the Parliamentary Intelligence-Security Forum opens in Madrid. The two-day event will be hosted by Spanish Senate president Pedro Rollán Ojeda.

·       In Belgium, the Brussels Economic Forum will be held. Speakers include Valdis Dombrovskis, the EU commissioner for economy and productivity and for implementation and simplification; Renault chief Luca de Meo; and Electrolux chief Yannick Fierling.

·       The 5th Accession Conference in Albania will be held in Brussels.

Economic Reports/Events –

·       The European Central Bank releases minutes from their last rate-setting meeting.

·       European Central Bank Board Executive Board Member Luis de Guindos gives a speech at the 6th International Forum Expansión “The future is decided aquí - Global Challenges for a New Era in Economics, Geopolitics, and Technology” in Madrid, Spain.

·       European Central Bank Board Executive Board Member Frank Elderson gives the dinner speech at the Naturalis Biodiversity Center on World Biodiversity Day in Leiden, Netherlands.

·       Bank of England Chief  Economist Huw Pill gives keynote speech at the Oesterreichische Nationalbank and SUERF Annual Economics Conference 2025, titled ‘Monetary policy and structural tectonic shifts’, in Vienna.

·       Great Britain Public Sector Net Borrowing Ex Banks (April)/ BoE Breeden Speech/ S&P Global Manufacturing/ Composite/ Services PMI Flash (May)/ CBI Industrial Trends Orders (May)/ BoE Dhingra Speech/ BoE Pill Speech

·       France Business Confidence (May)/ Business Climate Indicator (May)/ HCOB Manufacturing/ Composite/ Services PMI Flash (May)

·       Turkey Business Confidence (May)/ Capacity Utilization (May)/ Inflation Report/ Foreign Exchange Reserves (May/16)

·       Germany HCOB Manufacturing/ Composite/ Services PMI Flash (May)/ Ifo Business Climate (May)/ Ifo Current Conditions (May)/ Ifo Expectations (May)

·       Euro Area HCOB Manufacturing/ Composite/ Services PMI Flash (May)/ ECB Monetary Policy Meeting Accounts/ ECB Elderson Speech/ ECB Guindos Speech

·       Slovenia Consumer Confidence (May)

·       Ireland Wholesale Prices (April)

Middle East

Political/Social Events –

·       Turkey will conduct the international Anatolian Phoenix exercise at the 3rd Main Jet Base Command in Konya, Turkey.

·       Morocco will host the 21st annual African Lion military exercises in conjunction with more than 30 other countries, including the United States, in Agadir, Tan-Tan, Tiznit, Tafraout, Kenitra and Ben Guerir through May 23. 

Economic Reports/Events –

·       Israel Manufacturing PMI (April)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Building Permits (March)

·       Egypt Interest Rate Decision/ Overnight Lending Rate

Friday, May 23, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Federal Reserve Board Governor Lisa D. Cook speaks at the Seventh Annual Women in Macro Conference, cosponsored by New York University's Graduate School of Arts and Science, New York University's Stern School of Business, and the University of Chicago's Becker Friedman Institute (Virtual)

·       Chile PPI (April)

·       Mexico Balance of Trade (April)/ Current Account Q1

·       Canada Retail Sales (March)

·       USA New Home Sales (April)/ Fed Cook Speech/ Baker Hughes Total Rigs Count (May/23)/ Building Permits Final (April)

·       Paraguay Interest Rate Decision

·       Peru Current Account Q1

Asia

Political/Social Events –

·       French President Emmanuel Macron will visit Vietnam through May 25.

·       In Malaysia, the ruling People's Justice Party leadership elections are set to conclude, with attention focused on the competitive race for the deputy presidency between the incumbent, Economy Minister Rafizi Ramli, and Nurul Izzah Anwar, the prime minister's daughter. The outcome will shape the party's internal dynamics ahead of Malaysia's next general election, which must be held by February 2028..

Economic Reports/Events –

·       South Korea PPI (April)

·       New Zealand Retail Sales Q1

·       Japan Inflation Rate (April)

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

·       Singapore     Inflation Rate (April)

·       Taiwan Industrial Production (April)/ Retail Sales (April)/ M2 Money Supply (April)

·       India Bank Loan Growth (May/09)/ Deposit Growth (May/09)/ Foreign Exchange Reserves (May/16)

·       China FDI (YTD) (April)

Europe

Political/Social Events –

·       The EU Competitiveness Council (Research and Space) meets in Brussels.

Economic Reports/Events –

·       European Central Bank Executive Board Member Philip R. Lane gives a  lecture on "Inflation and disinflation in the euro area" at EMU Lab (European University Institute Florence) in Florence, Italy.

·       European Central Bank Executive Board Member Isabel Schnabel gives the keynote speech on "Finanzielle Bildung und Geldpolitik" at the Internationaler Demokratiepreis Bonn e.V. (IDP) "Demokratie lebt vom Mitmachen" event in Bonn, Germany.

·       Ireland Consumer Confidence (May)

·       Great Britain Gfk Consumer Confidence (May)/ Retail Sales (April)

·       Germany GDP Growth Rate Q1

·       Hungary Unemployment Rate (April)

·       France Consumer Confidence (May)

·       Turkey Tourist Arrivals (April)

·       Euro Area ECB Lane Speech/ Negotiated Wage Growth Q1/ ECB Schnabel Speech

·       Slovenia Tourist Arrivals (April)

·       Poland M3 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 –

·       Nigeria GDP Growth Rate Q1

Saturday, May 24, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Ecuador’s newly re-elected President, Daniel Noboa, will be inaugurated.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Chinese Premier Li Quinag visits Indonesia for bilateral meetings.

Economic Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Sunday, May 25, 2025

Global

·       Nothing significant to report.

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.

·       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.

Economic Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       Nothing significant to report.

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.