The Global Week Ahead

Canadian PM Carney Meets with President Trump, Russia Celebrates Victory Day, While Chinese President Xi Meets with Russian President Putin, and the Federal Reserve and Bank of England Decide Interest Rates

This week marks the 80th anniversary of the end of World War II in Europe – V.E. Day. Great Britain, Russia, and other European nations will host parades and festivities to mark the historic occasion. Russia is offering Ukraine a short-term cease-fire on Friday to allow Russia to celebrate what it calls Victory Day. 

As part of the Victory Day celebration in Moscow, a number of leaders will attend in person, including Chinese President Xi Jinping.  Xi arrives on May for one-on-one meetings with Russian President Vladimir Putin to discuss a number of critical issues, including President Trump's tariffs, the war in Ukraine a, furthering China's support for Russia, and US efforts to negotiate with Iran over its nuclear program. 

Brazil's President Luiz Inacio Lula da Silva will also meet with Putin on the sidelines of the celebrations. Brazil is chairing the BRICS this year and will discuss ways to strengthen the bloc in the face of Trump's riffs.

It will be a busy week in Europe.  At the Vatican, the Conclave of Cardinals begins to elect a new pope. 135 cardinals will gather in a closed meeting until they elect the successor to the late Pope Francis. As the Conclave begins, EU foreign ministers will be meeting in Warsaw to discuss how to strengthen European mutual security to counter Russia, as well as how to deal with the US tariffs on the EU.  And Friedrich Mertz is expected to be elected by the German Bundestag (Parliament) this week as the country's new Chancellor.

In Asia, we are watching the continued (and growing) tensions between Pakistan and India as a result of last month's attack in Kashmir that killed 26 civilians. India blames Pakistan for supporting the terrorists responsible for the attack and is threatening to attack Pakistan in response. While the US and EU work with both India and Pakistan to find a peaceful solution, we note that Iran is also trying to play a role. Iranian Foreign Minister Abbas Araghchi is traveling to both countries this week to mediate. 

In Washington, Canadian Prime Minister Mark Carney, coming off a winning election last week, will meet with President Donald Trump to discuss tariffs placed on Canada. We believe Trump is leaning toward lifting or at least temporarily suspending some of the tariffs. 

Washington is likely to be buzzing with visiting trade representatives coming to meet with Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and other senior Trump Administration officials seeking deals to get out from under Trump's tariffs.  Last week, meetings between Japanese and South Korean officials were held, but no deals were reached, and from what we have heard from numerous sources, the talks did not go well.

Looking at the global economic radar screen for the coming week, the US Federal Reserve Board and the Bank of England's monetary policy decisions will dominate the market's attention. The Fed—despite President Trump's demands for rate cuts—is expected to hold rates steady, while the Bank of England is expected to cut rates by 24 basis points. 

Several other central bank and monetary policy-focused meetings will also be important to watch this week.  The European Central Bank is holding an off-site in Portugal, where we expect commentary on the impact of tariffs on the state of the European and global economy.  In Iceland, the Reykjavik Economic Conference 2025 on Friday and Saturday will host a slew of central bankers who will be giving major speeches and talking on panels, while at the Hoover Institute at Stanford University, the Hoover Monetary Policy Conference will also see a number of central bankers from various countries speaking.

 Treasury Secretary Scott Bessent will be testifying before the House Financial Services Committee on Wednesday on the state of the international financial system.  It will certainly be a lively hearing as Bessent will face intense questions about the impact of the Trump tariffs on global markets in general and the US economy in particular. 

In the midst of all this, US March trade data will be out on Tuesday, Q1 data on Thursday, and productivity and labor data on Monday, while the April ISM services report will be out on Monday.  

In Europe, Germany reports factory orders, industrial production, and trade balance figures on Thursday, while France reports its trade balance on Wednesday and industrial production on Tuesday. The Eurozone's April CPI is out on Thursday.

In Asia, China reports April trade figures on Friday, while the Bank of Japan releases its March monetary policy minutes on Thursday.  

Below are all the other major political and economic events we are watching in the coming week:

Sunday, May 4, 2025

Global

·       Nothing significant to report.

 

Americas

Political/Social Events –

·       The Milken Institute Global Conference begins in Beverly Hills, California and runs through May 8..

Economic Reports/Events –

·       Nothing significant to report.

 

Asia

Political/Social Events –

·       Japan's parliamentary vice-minister for foreign affairs, Matsumoto Hisashi, will visit Algeria and Tunisia through May 6. 

·       China will hold its Golden Week holiday through May 5, and Japan will celebrate through May 6.

Economic Reports/Events –

·       Nothing significant to report.

 

Europe

Political/Social Events –

·       Romania holds presidential elections.

Economic Reports/Events –

·        Nothing significant to report.

 

Middle East

Political/Social Events –

·       Lebanon holds the first phase of its municipal 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 5, 2025

Global

·       OPEC+ Ministerial meetings take place in Vienna, Austria.

·       The UN Security Council is scheduled to have consultations on 1559 report (peace keeping in Lebanon).

 

Americas

Political/Social Events –

·       US Secretary of State Marco Rubio will meet with Organization of Eastern Caribbean States (OECS) leaders to discuss tariffs.

·       The Milken Global Conference begins in Beverly Hills, California.  US Treasury Secretary Scott Bessent will speak at the conference.

Economic Reports/Events –

·       Brazil IPC-Fipe Inflation (April)/ BCB Focus Market Readout

·       Canada S&P Global Composite & Services PMI (May)

·       USA S&P Global Composite & Services PMI Final (April)/ ISM Services PMI (April)/ ISM Services Business Activity (April)/ ISM Services Employment (April)/ ISM Services New Orders (April)/ ISM Services Prices (April)

·       Uruguay Inflation Rate (April)

·       Mexico Foreign Exchange Reserves (April)

·       Argentina Tax Revenue (April)

 

Asia

Political/Social Events –

·       Vietnamese Communist Party General Secretary To Lam will visit Kazakhstan through May 7.

·       South Korea celebrates the Birth of Buddha.  Financial markets are closed.

·       Japan celebrates Children’s Day.  Financial markets are closed.

Economic Reports/Events –

·       Australia S&P Global Composite & Services PMI Final (April)/ ANZ-Indeed Job Ads (April)/ TD-MI Inflation Gauge (April)

·       Vietnam S&P Global Manufacturing PMI (April)

·       Indonesia GDP Growth Rate Q1

·       Singapore Retail Sales (March)

·       Pakistan Interest Rate Decision

·       India Government Budget Value (March)

 

Europe

Political/Social Events –

·       Milan will host of the 58th annual meeting of the Asian Development Bank’s Board of Governors.

·       In Great Britain, Members of the armed forces will march from Parliament Square, kicking off a week of 80th VE Day anniversary events, including a recitation of Winston Churchill’s victory speech as Big Ben strikes midday, and a military fly-past over central London.

·       In France, rail passengers are set to be hit by industrial action over the early May public holiday. The CGT-Cheminots, SNCF’s largest union, has called for an indefinite strike starting today, pushing for better pay for drivers.

Economic Reports/Events –

·       In the UK, today is an Early May bank holiday.  Financial markets are closed.

·       Ireland Consumer Confidence (April)

·       Romania Unemployment Rate (March)

·       Russia S&P Global Manufacturing PMI (April)

·       Switzerland Inflation Rate (April)

·       Hungary HALPIM Manufacturing PMI (April)

·       Spain Tourist Arrivals (March)/ New Car Sales (April)

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

·       Slovenia Balance of Trade (March)

·       Serbia PPI (April)

·       France New Car Registrations (April)

 

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Saudi Arabia Riyad Bank PMI (April)

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

·       Jordan PPI (March)

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

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Ghana Inflation Rate (April)

·       Egypt Foreign Exchange Reserves (April)/ M2 Money Supply (March)

 

 

 

Tuesday, May 6, 2025

Global

·       The UN Security Council is scheduled to hold a debate on Bosnia and Herzegovina.

 

Americas

Political/Social Events –

·       Canada’s Prime Minister Mark Carney will travel to Washington to meet with President Donald Trump to discuss tariffs.

·       The US Senate Banking Committee will vote on the nominations of  Michelle Bowman to be the Federal Reserve Board Vice Chairman for Supervision.

Economic Reports/Events –

·       Mexico Gross Fixed Investment (February)

·       Canada Imports/ Exports/ Balance of Trade (March)/ Ivey PMI s.a (April)

·       USA Imports/ Exports/ Balance of Trade (March)/ Redbook (May/03)/ RCM/TIPP Economic Optimism Index (May)/ API Crude Oil Stock Change (May/02)/ LMI Logistics Managers Index (April)

·       Brazil S&P Global Composite & Services PMI (April)

·       Colombia PPI (April)/ Monetary Policy Meeting Minutes

 

Asia

Political/Social Events –

·       Malaysia hosts the 46th ASEAN summit.

·       South Korea celebrates Children’s Day.  Financial markets are closed.

·       Japan celebrates Greenery Day, a public holiday.  Financial markets are closed.

Economic Reports/Events –

·       Singapore S&P Global PMI (April)

·       Philippines Inflation Rate (April)

·       Australia Building Permits (March)/ Private House Approvals (March)

·       China Caixin Composite & Services PMI (April)

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

·       India HSBC Composite & Services PMI Final (April)

·       Thailand Business Confidence (April)

·       Taiwan Foreign Exchange Reserves (April)

·       New Zealand Global Dairy Trade Price Index (May/13)

 

Europe

Political/Social Events –

·       In Germany, Friedrich Merz will be voted in as the new Chancellor.

·       The European Commission is expected to release plans for ending reliance on Russian oil and gas imports.

·       The Defense 24 Days security conference begins in Warsaw, Poland.

·       The Athens International Defense and Security Expo begins in Athens, Greece.

Economic Reports/Events –

·       The European Central Bank begins its two-day Governing Council of the ECB: annual retreat hosted by Banco de Portugal.

·       Bank of England Deputy Governor for Financial Stability Sarah Breeden will be a panelist at the Global Finance and Technology Networks’ 4th Point Zero Forum.

·       Ireland AIB Services PMI (April)

·       Switzerland Unemployment Rate (April)

·       Romania PPI (March)

·       France Industrial Production (March)/ HCOB Composite & Services PMI (April)

·       Spain Unemployment Change (April)/ HCOB Composite & Services PMI (April)

·       Italy HCOB Composite & Services PMI (April)

·       Germany HCOB Composite & Services PMI (April)/ New Car Registrations (April)

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

·       Great Britain New Car Sales (April)/ S&P Global Composite & Services PMI Final (April)

·       Ukraine Foreign Exchange Reserves (April)

 

Middle East

Political/Social Events –

·       Turkey will conduct the Denizkurdu-II-2025, or Sea Wolf-II-2025, naval exercise in the Black, Aegean and eastern Mediterranean seas through May 17.

Economic Reports/Events –

·       Nothing significant to report.

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Egypt S&P Global PMI (April)

·       South Africa S&P Global PMI (April)

 

Wednesday, May 7, 2025

Global

·       Nothing significant to report.

 

Americas

Political/Social Events –

·       The RealID requirements enter into force in the US for all air travel

Economic Reports/Events –

·       US Federal Reserve Board Interest Rate Decision & Press Conference/USA MBA Mortgage Market Index (May/02)/ MBA Purchase Index (May/02)/ EIA Crude Oil & Gasoline Stocks Change (May/02)/ Consumer Credit Change (March)/ Used Car Prices (April)

·       Brazil Industrial Production (March)/ Balance of Trade (April)/ Interest Rate Decision

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

·       Ecuador Inflation Rate (April)

·       Colombia Exports (March)

 

Asia

Political/Social Events –

·       Chinese President Xi Jinping will travel to Moscow for meetings with Russian President Vladimir Putin and to participate in the Victory Day celebrations.

·       ASEAN+3 Finance Ministers meet in Milan, Italy.

Economic Reports/Events –

·       South Korea Foreign Exchange Reserves (April)

·       New Zealand Employment Change Q1/ Unemployment Rate Q1/ Labour Costs Index Q1/ Participation Rate Q1

·       Australia Ai Group Industry Index (April)/ Ai Group Construction Index (April)/ Ai Group Manufacturing Index (April)

·       Hong Kong S&P Global PMI (April)

·       Japan Jibun Bank Composite & Services PMI Final (April)

·       Philippines Unemployment Rate (March)/ Industrial Production (March)/ Foreign Exchange Reserves (April)

·       Thailand Inflation Rate (April)

·       Taiwan Inflation Rate (April)

·       Singapore Foreign Exchange Reserves (April)

·       China Foreign Exchange Reserves (April)

 

Europe

Political/Social Events –

·       At the Vatican, the conclave to elect the next pope beings.

·       Germany's incoming Chancellor Friedrich Merz will meet French President Emmanuel Macron in Paris, France, marking his first foreign trip in office.  Later in the day, he will then travel to Poland to meet with Prime Minister Donald Tusk

·       There will be an informal meeting of EU Foreign Affairs Ministers in Warsaw, Poland, through May 8.

·       In Denmark, the Copenhagen Climate Ministerial, co-hosted by Danish climate, energy and utilities minister Lars Aagaard, COP30 president-designate ambassador André Corrêa do Lago and outgoing COP29 president Mukhtar Babayev. Discussions at the two-day meeting will revolve around implementation of last year’s COP29 plans and the key expectations for this year’s COP30

·       Today is the 25th anniversary of Valdimire Putin first being elected.

Economic Reports/Events –

·       Germany Factory Orders (March)/ HCOB Construction PMI (April)

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

·       Hungary Retail Sales (March)

·       France Imports/ Exports/ Balance of Trade (March)/ Current Account (March)/ Private Non-Farm Payrolls Q1/ HCOB Construction PMI (April)

·       Slovakia Retail Sales (March)

·       Switzerland Foreign Exchange Reserves (April)

·       Euro Area HCOB Construction PMI (April)/ Retail Sales (March)

·       Italy HCOB Construction PMI (April)/ Retail Sales (March)

·       Great Britain S&P Global Construction PMI (April)

·       Poland Foreign Exchange Reserves (April)/ Interest Rate Decision (May)

 

Middle East

Political/Social Events –

·       Iranian Foreign Minister Abbas Araghchi travels to New Delhi, India and Pakistan in an attempt to mediate between the two countries after Pakistani terrorists attacked Indian tourists in Kashmir.

Economic Reports/Events –

·       Israel Tourist Arrivals (April)/ Business Confidence (April)/ Foreign Exchange Reserves (April)

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

 

 

Thursday, May 8, 2025

Global

·       The UN Security Council is scheduled to vote on a draft resolution on the mandate of the United Nations Mission in South Sudan (UNMISS).

 

Americas

Political/Social Events –

·       Brazilian President Luiz Inacio Lula da Silva will travel to Russia to meet with President Vladimir Putin.

·       The 3rd Latin Consumer Summit begins in Miami, Floria.

Economic Reports/Events –

·       Brazil PPI (March)/ Car Production (April)/ New Car Registrations (April)

·       Chile Inflation Rate (April)

·       Mexico Inflation Rate (April)

·       USA Initial Jobless Claims (May/03)/ Nonfarm Productivity Q1/ Unit Labour Costs Q1/ Continuing Jobless Claims (April/26)/ Jobless Claims 4-week Average (May/03)/ Wholesale Inventories (March)/ 15- & 30-Year Mortgage Rate (May/08)/ Consumer Inflation Expectations (April)/ Fed Balance Sheet (May/07)

·       Canada Financial Stability Report

·       Colombia Inflation Rate (April)

·       Peru Interest Rate Decision/ Balance of Trade (March)

·       Argentina Industrial Production (March)

·       Costa Rica Inflation Rate (April)

·       El Salvador Inflation Rate (April)

 

Asia

Political/Social Events –

·       Vietnamese Communist Party General Secretary To Lam will end his trip to Azerbaijan and visit Russia through May 10.

Economic Reports/Events –

·       New Zealand RBNZ Financial Stability Report

·       Japan BoJ Monetary Policy Meeting Minutes

·       Philippines GDP Growth Rate Q1

·       Indonesia Foreign Exchange Reserves (April)/ Motorbike Sales (April)IL

·       Malaysia Industrial Production (March)/ Interest Rate Decision

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

·       Hong Kong Foreign Exchange Reserves (April)

 

Europe

Political/Social Events –

·       Today is the anniversary of “VE Day”, 80 years since the surrender of Nazi Germany.

·       Russia is expected to begin a 72-hour ceasefire with Ukraine.  But most observers do not believe Russian military forces will cease fighting.

·       The Ukrainian Parliament will vote to approve the US-Ukraine economic/critical minerals deal

Economic Reports/Events –

·       European Central Bank Executive Board Member Anneli Tuominen moderates a panel discussion on “Repo market: Turmoil at the core of the financial system?” at SUERF BAFFI Bocconi webinar.

·       Germany Imports/ Exports/ Balance of Trade (March)/ Industrial Production (March)

·       Romania Retail Sales (March)

·       Bank of England Interest Rate Decision/Halifax House Price Index (April)/ BBA Mortgage Rate (April)

·       Hungary Industrial Production (March)/ Budget Balance (April)

·       Spain Industrial Production (March)

·       Greece Balance of Trade (March)

·       Ireland Inflation Rate (April)

·       Turkey Foreign Exchange Reserves (May/02)/ Treasury Cash Balance (April)

·       Euro Area ECB Tuominen Speech

 

Middle East

Political/Social Events –

·       Israeli Prime Minister Benjamin Netanyahu will travel to Azerbaijan for talks.  Netanyahu will discuss tensions with Turkey and Iran.

·       Turkish and Iraqi delegations will attend the High-Level Strategic Cooperation Council meeting in Ankara, Turkey.

Economic Reports/Events –

·       Nothing significant to report.

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Foreign Exchange Reserves (April)/ Manufacturing Production (March)

·       Tanzania Inflation Rate (April)

 

 

Friday, May 9, 2025

Global

·       Nothing significant to report.

 

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Federal Reserve Board Governor Michael Barr speaks on Artificial Intelligence and the Labor Market at the Reykjavik Economic Conference 2025, Reykjavik, Iceland.

·       Federal Reserve Board Governor Adriana Kugler gives a speech on Maximum Employment at the Reykjavik Economic Conference 2025, Reykjavik, Iceland.

·       New York Federal Reserve Bank President John Williams speaks before the Reykjavik Economic Conference organized by the Central Bank of Iceland and the Center for International Macroeconomics at Northwestern University.  Later, he will speak on “Taylor Rules in Policy” before the Hoover Institution Monetary Policy Conference virtually.

·       Federal Reserve Board Governor Christopher J. Waller gives a speech on monetary policy research at the Hoover Monetary Policy Conference: Finishing the Job and New Challenges, Stanford, California.  Governor Lisa Cook will also speak at the conference, giving a speech on Productivity Dynamics.

·       Cleveland Federal Reserve Bank President Beth Hammack will also speak before the Hoover Monetary Policy Conference on the topic of monetary policy.

·       The Federal Reserve Board holds the 8th Short-Term Funding Markets Conference in Washington, D.C.

·       Chicago Federal Reserve Bank President Austan Goolsbee gives welcome and opening remarks before the “Fed Listens: Perspectives from the Midwest" event.

·       US Baker Hughes Total Rigs Count (May/09)

·       Brazil Inflation Rate (April)

·       Mexico Consumer Confidence (April)/ Auto Production & Exports (April)

·       Canada Unemployment Rate (April)/ Employment Change (April)/ Participation Rate (April)/ Average Hourly Wages (April)

·       Costa Rica Unemployment Rate Q1

 

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Korea Current Account (March)

·       Japan Household Spending (March)/ Average Cash Earnings (March)/ Overtime Pay (March)/ Foreign Exchange Reserves (April)/ Coincident Index (March)/ Leading Economic Index Prel

·       Sri Lanka Tourist Arrivals (April)

·       China Imports/ Exports/ Balance of Trade (April)/ Vehicle Sales (April)/ Current Account Q1/ New Yuan Loans (April)/ M2 Money Supply (April)/ Outstanding Loan Growth (April)/ Total Social Financing (April)

·       Indonesia Consumer Confidence (April)

·       Malaysia Construction Output Q1/ Unemployment Rate (March)

·       Thailand Foreign Exchange Reserves (April)

·       India Bank Loan Growth (April/25)/ Deposit Growth (April/25)/ Foreign Exchange Reserves (May/02)

 

Europe

Political/Social Events –

·       The European Union celebrates Europe Day, marking the 1950 declaration by the Luxembourg-born French statesman Robert Schuman proposing a continent united in solidarity, considered the first step towards the EU being formed.

·       French President Emmanuel Macron will host Polish Prime Minister Donald Tusk in Nancy to sign a Franco-Polish economic and defense cooperation treaty.

·       Russia will celebrate Victory Day, marking the date when German forces surrendered to the Soviet army in 1945, commemorated with a military parade in Moscow’s Red Square and wreath-laying at the Tomb of the Unknown Soldier. Attendees this year are set to include Slovak Prime Minister Robert Fico and Serbian President Aleksandar Vucic.

Economic Reports/Events –

·       Bank of England Governor Andrew Bailey gives the keynote address at the Reykjavik economic conference 2025, hosted by Northwestern University and the Central Bank of Iceland.

·       European Central Bank Executive Board Member Isabel Schnabel participates on a panel discussion at the Hoover Monetary Policy Conference “Finishing the Job and New Challenges” of Harvard University.

·       Great Britain RICS House Price Balance (April)/ BoE Bailey Speech/ NIESR Monthly GDP Tracker (April)

·       Hungary Inflation Rate (April)

·       France Foreign Exchange Reserves (April)

·       Slovakia Balance of Trade (March)/ Industrial Production (March)

·       Switzerland Consumer Confidence (April)

·       Turkey Industrial Production (March)

·       Italy Industrial Production (March)

·       Slovenia Industrial Production (March)

·       Greece Inflation Rate (April)

·       Ireland Industrial Production (March)

·       Serbia Interest Rate Decision

·       Russia Vehicle Sales (April)

·       Euro Area ECB Schnabel Speech

 

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 –

·       Egypt Inflation Rate (April)

·       Mozambique Inflation Rate (April)

 

 

Saturday, May 10, 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 –

·       Vietnamese Communist Party General Secretary To Lam will visit Belarus through May 12.

Economic Reports/Events –

·       China Inflation Rate (April)/ PPI (April)

 

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 11, 2025

Global

·       Nothing significant to report.

 

Americas

Political/Social Events –

·       The US Department of Commerce will be holding its SelectUSA Investment Summit in Baltimore, Maryland.  The Summit, which runs through May 14, aims to attract foreign direct investment.

·       Haiti holds a Constitutional Referendum, the first referendum held in the country since 1987.   Originally scheduled for June 27, 2021, it has been repeatedly postponed because of political chaos.  The referendum puts up for a vote the abolition of the Senate and creates a unicameral legislature, abolishes the role of Prime Minister, and creates a presidential and vice-presidential system.  It would also establish mandatory military and/or civic services for those turning 18.

·       Uruguay will hold municipal elections.

Economic Reports/Events –

·       Uruguay Municipal Elections

 

Asia

Political/Social Events –

·       In South Korea, today is the registration deadline for presidential candidates hoping to run in the June 3 election. 

Economic Reports/Events –

·       Nothing significant to report.

 

Europe

Political/Social Events –

·       Albania will hold general elections. In October, Albania started discussions with the European Union on how the country aligns with EU stances on the rule of law, the functioning of democratic institutions and the fight against corruption. Prime Minister Rama hopes that Albania can join the European Union by 2030.

Economic Reports/Events –

·       Nothing significant to report.

 

Middle East

Political/Social Events –

·       Lebanon will hold the second phase of its municipal elections.

Economic Reports/Events –

·       Saudi Arabia Industrial Production (March)

 

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

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