The Global Week Ahead

The BRICS Leaders’ Summit Is Held in Brazil, The Quad Foreign Ministers Meet in Washington, China’s Foreign Minister Travels to the EU, and the ECB Holds the European Central Bank Forum

June 29 - July 6, 2025

This coming Sunday, Brazilian President Luiz Inácio Lula da Silva (Lula) hosts the 17th BRICS Leaders’ Summit in Rio de Janeiro.   The meeting will comprise most of the leadership of original member states – Brazil, Russia, India, China, and South Africa – plus the leaders from five new members: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.  Nine other countries have been designated “partner countries,” and their leaders are likely to attend.  Lula has set the theme of the Summit as “Strengthening Global South Cooperation for More Inclusive Sustainable Governance,” and he is expected to significantly address multiple challenges to Western political and economic dominance, including the dominance of the US dollar.

However, the likely outcomes of the Summit were cut down this past week when both Chinese President Xi Jinping and Russian President Vladimir Putin announced they were not attending. Xi said he had a “scheduling conflict,” and Putin is worried he could get arrested for war crimes he’s ordered in Ukraine.  Not having these two at the Summit has already taken considerable energy out of the event.

Meanwhile, in Washington, US Secretary of State Marco Rubio hosts the foreign ministers of Australia, India, and Japan for a meeting of the QUAD (Quadrilateral Security Dialogue).  The meeting could prove to be quite revealing about the future of relations between the US and the other QUAD members.  It comes on the heels of the US canceling a meeting this coming week with the Japanese defense and foreign counterparts after senior US defense officials, led by Defense Undersecretary Elbridge Colby, demanded Japan massively boost its defense spending, much more than had been previously requested. 

Colby also announced a review of the enormous joint project with Australia to build nuclear-powered submarines, a move which has angered Australian leadership.

Also in Washington this week, Congress continues to battle over President Trump’s signature legislation, the One Big Beautiful Bill Act.  As of this writing, the US Senate is expected to vote late Sunday or early Monday morning on the bill.  The House is looking to vote on what the Senate sends them, either late Tuesday or Wednesday, meeting President Trump’s July 4th deadline.

We would also note that Canada celebrates Canada Day on Monday, and the US celebrates Independence Day on Friday.  A wonderful week to celebrate independence and liberty!

Looking at the global financial markets this week, the big event markets are looking at is the European Central Bank’s (ECB) Forum on Central Banking 2025 being held in Portugal.  We think of it as the European version of the annual Jackson Hole event the Fed hosts in August. The ECB Forum will have a lot of interesting speeches and panels. Fed Chair Jay Powell will be one of the participants and speakers.

Also this week, the ECB will be releasing the minutes from their last interest rate meeting this week, too.  Staying in Europe, the major economic releases there this week include the Eurozone’s, Germany’s and Italy’s CPI prints are out this week.  Germany also releases factor orders this week.

In Asia, China releases its latest PMI report as well as the Caixin indicators.  Japan industrial production for May is out this week, along with the Bank of Japan’s Q2 Tankan Survey. 

Bringing it back to the US, the June jobs report is out Thursday after the JOLTS report is released Tuesday and the ADP report on Wednesday.   Also out this week is the June ISM indices on Tuesday and international trade balance and factory orders for May on Thursday.

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

Sunday, June 29, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Chile’s ruling left-wing voters head to the polls to select their candidate for president for the upcoming November elections.

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 –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

Nothing significant to report.

Economic Reports/Events –

·       Saudi Arabia Unemployment Rate Q1/M3 Money Supply (May)/Private Lending (May)

Africa

Political/Social Events –

·       Today is Seychelles Independence Day, a public holiday.

Economic Reports/Events –

·       Nothing significant to report.

Monday, June 30, 2025

Global

·       The UN 4th International Conference on Financing for Development begins in Sevilla, Spain and runs through July 3.

·       The BRICS 34d Sherpas Meeting takes in Rio de Janeiro, Brazil through July 4 in advance of the upcoming BRICS Leaders Meeting which begins on Sunday, July 6.

·       The UN Security Council is scheduled to hold a vote related to the United Nations Disengagement Observer Force (UNDOF) and also, to the Democratic Republic of the Congo sanctions. Also in the morning, the Security Council is scheduled to hold a briefing, followed by consultations, on the Middle East (regarding the Golan Heights).

·       The World Trade Organization Trade and Environment Week conference begins in Geneva, Switzerland.

Americas

Political/Social Events –

·       Thailand will have a trade team in Washington to negotiate a trade deal with the US.

Economic Reports/Events –

·       Atlanta Federal Reserve Bank President Raphael Bostic speaks on the economic outlook and monetary policy before an MNI Livestreamed Connect Video Conference.

·       Chicago Federal Reserve Bank President Austan Goolsbee participates in a moderated question-and-answer session before the Aspen Ideas Festival 2025.

·       Brazil Gross Debt to GDP (May)/ Nominal Budget Balance (May)/ BCB Focus Market Readout

·       Chile Copper Production (May)/ Industrial Production (May)/ Manufacturing Production (May)/ Retail Sales (May)/ Unemployment Rate (May)

·       USA Chicago PMI (June)/ Dallas Fed Manufacturing Index (June)/ Quarterly Grain Stocks - Corn/ Soy/ Wheat (June)/

·       Uruguay Balance of Trade (May)

·       Argentina Economic Activity (April)

·       Costa Rica Current Account Q1

·       Mexico Fiscal Balance (May)

Asia

Political/Social Events –

·       Chinese Foreign Minister Wang Yi begin a visit to Europe where he will hold bilateral meetings in Brussels with EU officials and take part in the 13th round of China-EU High-Level Strategic Dialogue, then Germany, and finally in France.

Economic Reports/Events –

·       South Korea Industrial Production (May)/ Retail Sales (May)

·       Japan Industrial Production (May)/ Housing Starts (May)/ Construction Orders (May)

·       Australia TD-MI Inflation Gauge (June)/ Housing Credit (May)/ Private Sector Credit (May)/ Totality Dwelling Prices (June)

·       New Zealand ANZ Business Confidence (June)

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

·       Thailand Industrial Production (May)/ Current Account (May)/ Private Consumption & Investment (May)/ Retail Sales (April)

·       Malaysia M3 Money Supply (May)

·       Sri Lanka Inflation Rate (June)/ Unemployment Rate Q4

·       India Industrial Production (May)/ Manufacturing Production (May)/Government Budget Value (May)/ Current Account Q1/ External Debt Q1

Europe

Political/Social Events –

·       Russian Foreign Minister Sergei Lavrov visits Kyrgyzstan for bilateral meetings.

·       The 15th City Week 2025 conference begins in London and runs through July 2.  The event is organized in partnership with the UK Government, the City of London Corporation, TheCity UK, UK Finance and leading City institutions.

·       The Wimbledon tennis tournament begins in London.

Economic Reports/Events –

·       The European Central Bank hosts the European Central Bank Forum on Central Banking 2025 in Sintra, Portugal.  There are multiple panels and speeches scheduled for the conference which runs through Wednesday.

·       European Central Bank President Christine Lagarde gives the introductory speech at the opening reception of ECB Forum on Central Banking 2025 "Adapting to change: macroeconomic shifts and policy responses" in Sintra, Portugal.

·       European Central Bank Board Member Luis de Guindos gives remarks at a conference organized by Instituto Atlántico de Gobierno (IADG) in Madrid, Spain.

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

·       Great Britain Current Account Q1/ Business Investment Q1/ GDP Growth Rate Q1/ BoE Consumer Credit (May)/ Mortgage Approvals & Lending (May)/ M4 Money Supply (May)/ Net Lending to Individuals (May)

·       Hungary PPI (May)

·       Switzerland KOF Leading Indicators (June)

·       Turkey Imports/ Exports/ Balance of Trade (May)/ Unemployment Rate (May)/ Participation Rate (May)

·       Euro Area Loans to Companies & Households (May)/ M3 Money Supply (May)/ ECB Consumer Inflation Expectations (June)/ ECB Forum on Central Banking/ ECB Forum on Central Banking

·       Poland Inflation Rate (June)

·       Spain Current Account (April)

·       Slovenia Inflation Rate (June)

·       Greece PPI (May)/ Retail Sales (April)/ Total Credit (May)

·       Italy Inflation Rate (June)

·       Ireland Retail Sales (May)

·       Serbia Balance of Trade (May)/ Industrial Production (May)/ Retail Sales (May)

·       Russia M2 Money Supply (May)

Middle East

Political/Social Events –

·       The Lebanese Parliament commences a new legislative session.

Economic Reports/Events –

·       Israel Composite Economic Index (May)/ Manufacturing PMI (April)

Africa

Political/Social Events –

·       In Abuja, Nigeria the 24th annual NOG Sub Saharan Energy Sector Conference takes place through July 3.

Economic Reports/Events –

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

·       Nigeria GDP Growth Rate Q1

·       Egypt M2 Money Supply (May)

·       Kenya Inflation Rate (June)

Tuesday, July 1, 2025

Global

·       Pakistan takes the chair of the UN Security Council for the month of July.

Americas

Political/Social Events –

·       US Secretary of State Marco Rubio hosts the Quad Foreign Ministers in Washington.  The foreign ministers of Australia, India, and Japan will discuss mutual security issues.

·       Today is Canada Day, a national holiday.  Markets are closed.

·       In New York City, Democratic Mayoral candidate is expected to be declared the final winner of the Democratic mayoral primary.

·       Today is “Ketikoti” – Emancipation Day – in Suriname celebrating when slaver was abolished.

·       Today is Territory Day in the British Virgin Islands, a national holiday.

Economic Reports/Events –

·       Federal Reserve Board Chair Jay Powell participates on a policy panel at the European Central Bank Forum on Central Banking 2025 in Sintra, Portugal.

·       Mexico Foreign Exchange Reserves (June)/ Business Confidence (June)/ S&P Global Manufacturing PMI (June)

·       Chile IMACEC Economic Activity (May)

·       USA Redbook (June/28)/S&P Global Manufacturing PMI (June)/ ISM Manufacturing PMI (June)/ JOLTs Job Openings (May)/ ISM Manufacturing Employment (June)/ ISM Manufacturing New Orders (June)/ ISM Manufacturing Prices (June)/ Construction Spending (May)/ JOLTs Job Quits (May)/ RCM/TIPP Economic Optimism Index/ Dallas Fed Services Index (June)/ API Crude Oil Stock Change (June/27)/ LMI Logistics Managers Index (June)/ LMI Logistics Managers Index (June)

·       Brazil S&P Global Manufacturing PMI (June)

·       Colombia Davivienda Manufacturing PMI (June)

·       Uruguay Unemployment Rate (May)/ Interest Rate Decision

·       Argentina Tax Revenue (June)

·       Peru Inflation Rate (June)

Asia

Political/Social Events –

·       Vietnam will cut the number of provinces and cities to 34 from 63, in the country's biggest reform in nearly four decades. The government is aiming to increase efficiency, cut costs and reduce the number of civil servants across government bodies as it seeks to streamline the state apparatus and boost growth.

·       Today in China is Founding Day of the Chinese Communist Party.

·       Today is Hong Kong Special Administrative Region Establishment Day, the anniversary marking when the UK handed the island back to China.

Economic Reports/Events –

·       New Zealand NZIER Business Confidence Q2/ NZIER Capacity Utilization Q2/ Building Permits (May)/ Global Dairy Trade Price Index (July)

·       Australia S&P Global Manufacturing PMI/ Commodity Prices (June)

·       Japan Tankan Large Manufacturers Index Q2/ Tankan Large All Industry Capex Q2/ Tankan Large Manufacturing/ Non-Manufacturing/ Small Outlook and Index Q2/ Jibun Bank Manufacturing PMI/ Consumer Confidence (June)

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

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

·       Malaysia S&P Global Manufacturing PMI (June)

·       Philippines S&P Global Manufacturing PMI (June)/ Business Confidence Q2

·       Taiwan S&P Global Manufacturing PMI (June)

·       Thailand S&P Global Manufacturing PMI (June)

·       Vietnam S&P Global Manufacturing PMI (June)

·       Singapore URA Property Index Q2/ Bank Lending (May)

·       China Caixin Manufacturing PMI (June)

·       India HSBC Manufacturing PMI (June)

·       Kazakhstan Inflation Rate (June)

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

·       Sri Lanka Current Account Q1

Europe

Political/Social Events –

·       The British Parliament is expected to hold a highly contentious vote on welfare reform.

·       Denmark takes up the EU presidency for the next six months.

·       In Russia, a country-wide increase of energy, gas, water and heating supply prices for households.

·       European Commission President Ursula von der Leyen participates in a Strategic Dialogue with the World Economic Forum and global business leaders in Brussels.

·       German Chancellor Friedrich Merz receives Luxembourg's Prime Minister Luc Frieden with military honors followed by a press conference

Economic Reports/Events –

·       Bank of England Governor Andrew Bailey begins a the new 3-year chair of the Financial Stability Board.

·       Bank of England Executive Director for Payments Victoria Cleland gives a keynote address at City Week 2025.

·       Ireland AIB Manufacturing PMI (June)

·       Russia S&P Global Manufacturing PMI (June)

·       Great Britain Nationwide Housing Prices (June)/ S&P Global Manufacturing PMI (June)/ Green Gilt 2053

·       Hungary Balance of Trade (May)/ HALPIM Manufacturing PMI (June)

·       Switzerland Retail Sales (May)/ procure.ch Manufacturing PMI (June)

·       Poland S&P Global Manufacturing PMI (June)

·       Turkey Istanbul Chamber of Industry Manufacturing (June)

·       Spain HCOB Manufacturing PMI (June)/ New Car Sales (June)

·       Italy HCOB Manufacturing PMI (June)

·       France HCOB Manufacturing PMI (June)

·       Germany Unemployed Persons (June)/ Unemployment Change (June)/ Unemployment Rate (June)/ HCOB Manufacturing PMI (June)

·       Euro Area HCOB Manufacturing PMI (June)/ Inflation Rate (June)/ CPI Flash (June)/ ECB Forum on Central Banking

·       Greece S&P Global Manufacturing PMI (June)

·       Ukraine Current Account (May)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

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

·       Today is Ghana Republic Day, a national holiday.

·       Today is Sir Seretse Khama Day in Botswana, a national holiday.

Economic Reports/Events –

·       Nigeria Stanbic IBTC Bank Nigeria PMI (June)

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

Wednesday, July 2, 2025

Global

·       The OECD Green Growth and Development Forum begins in Paris. The two-day event will assess how forests and agriculture can help meet climate targets.

Americas

Political/Social Events –

·       The  66th Ordinary Meeting of the Common Market Council and Summit of Presidents of Mercosur and Associated States begins in Buenos Aires, Argentina.

·       Indian Prime Minister Narendara Modi begins visits to Trinidad and Tobago, Argentina, and Brazil through July 8.

Economic Reports/Events –

·       Brazil IPC-Fipe Inflation (June)/ Industrial Production (May)

·       USA MBA Mortgage Market Index (June/27)/ MBA Purchase Index (June/27)/ Challenger Job Cuts (June)/ ADP Employment Change (June)/ EIA Crude Oil & Gasoline Stocks Change (June/27)/ Total Vehicle Sales (June)

·       Canada S&P Global Manufacturing PMI (June)

·       Paraguay Inflation Rate (June)

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Australia Ai Group Industry/ Construction/ Manufacturing Index (June)/ Building Permits (May)/ Retail Sales (May)/ Private House Approvals (May)

·       South Korea Inflation Rate (June)

·       Philippines PPI (May)

·       Thailand Business Confidence (June)

·       Hong Kong Retail Sales (May)

·       Singapore SIPMM Manufacturing PMI (June)

·       Pakistan Balance of Trade (June)

Europe

Political/Social Events –

·       The European Space Forum begins in Brussels and runs through July 3.

Economic Reports/Events –

·       European Central Bank Board Member Patrick Montagner gives the keynote speech at the Frankfurt Banking Summit 2025 in Frankfurt, Germany

·       Bank of England Executive Director for Financial Market Infrastructure Sasha Mills vives. Keynote speech at City Week 2025 on “The Bank of England’s Approach to Innovation in Digital Assets and Payments.”

·       Romania PPI (May)/ Unemployment Rate (May)

·       France Budget Balance (May)

·       Spain Unemployment Change (June)/ Tourist Arrivals (May)

·       Italy Unemployment Rate (May)

·       Euro Area Unemployment Rate (May)

·       Greece Unemployment Rate (May)

·       Great Britain Treasury Gilt 2028

·       Ireland Unemployment Rate (June)

·       Poland Interest Rate Decision (July)

·       Russia Unemployment Rate (May)/ Corporate Profits (April)/ Real Wage Growth (April)/ Retail Sales (May)

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 Inflation Expectations Q2

·       Egypt Foreign Exchange Reserves (June)

Thursday, July 3, 2025

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Mexico Gross Fixed Investment (April)

·       Canada Imports/ Exports/ Balance of Trade (May)

·       USA Unemployment Rate (June)/ Average Hourly Earnings (June)/ Imports/ Exports/ Balance of Trade (May)/ Initial Jobless Claims (June/28)/ Participation Rate (June)/ S&P Global Composite & Services PMI (June)/ ISM Services PMI (June)/ ISM Services Business Activity/ Employment/ New Orders/ Prices (June)

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

Asia

Political/Social Events –

·       In Japan, The upper house election campaign in Japan will officially begin, with voters set to cast their ballots on July 20. Of the chamber's 248 seats, 125 will be up for grabs. As Prime Minister Shigeru Ishida’s Liberal Democratic Party and its junior coalition partner Komeito could not secure a majority in the lower house election last year, this election could have a major impact on the operations of the government..

Economic Reports/Events –

·       Bank of Japan Member of the Policy Board Jajimie Takata will give a speech to local business leaders in Mie, Japan.

·       Australia S&P Global Composite & Services PMI (June)/ Imports/ Exports/ Balance of Trade (May)

·       Japan Foreign Bond Investment (June/28)/ Stock Investment by Foreigners (June/28)/ Jibun Bank Composite & Services PMI (June)

·       Singapore S&P Global PMI (June)

·       China Caixin Composite & Services PMI (June)

·       India HSBC Composite & Services PMI (June)

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

Europe

Political/Social Events –

·       Today is Independence Day in Belarus (which really isn’t independent..).

Economic Reports/Events –

·       The European Central Bank publishes accounts of its last monetary policy meeting.

·       Ireland AIB Services PMI (June)

·       Switzerland Inflation Rate (June)

·       Turkey Inflation Rate (June)/ PPI (June)/ Foreign Exchange Reserves (June/27)

·       Spain HCOB Composite & Services PMI (June)

·       Italy HCOB Composite & Services PMI (June)/ New Car Registrations (June)

·       France HCOB Composite & Services PMI (June)/ New Car Registrations (June)

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

·       Euro Area HCOB Composite & Services PMI (June)

·       Great Britain S&P Global Composite & Services PMI (June)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Saudi Arabia Riyad Bank PMI (June)

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

·       Jordan PPI (May)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa S&P Global PMI (June)

·       Kenya GDP Growth Rate Q1

Friday, July 4, 2025

Global

·       The BRICS 3rd Meeting of Deputy Finance Ministers and Central Bank Deputies takes place in Rio de Janeiro, Brazil.

·       The BRICS Business Forum takes place in Brasilia, Brazil through July 5.

·       The UN is closed as part of the 4th of July celebration in the US.

Americas

Political/Social Events –

·       Today is Independence Day in the United States, a national holiday, and financial markets are closed.

· In Cuba, the Communist Party holds a plenary session to address the island's ongoing economic crisis.

Economic Reports/Events –

·       Brazil PPI (May)/ Balance of Trade (June)

·       Mexico Consumer Confidence (June)

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

·       Ecuador Inflation Rate (June)

·       Colombia Exports (May)/ PPI (June)

Asia

Political/Social Events –

·       Today is Republic Day in the Philippines, a national holiday.

Economic Reports/Events –

·       South Korea Foreign Exchange Reserves (June)/ Current Account (May)

·       Japan Household Spending (May)

·       Hong Kong S&P Global PMI (June)/ Foreign Exchange Reserves (June)

·       Philippines Inflation Rate (June)

·       Indonesia Foreign Exchange Reserves (June)

·       Singapore Retail Sales (May)

·       Taiwan Foreign Exchange Reserves (June)

·       India Bank Loan Growth (June/20)/ Deposit Growth (June/20)/ Foreign Exchange Reserves (June/27)

Europe

Political/Social Events –

The EU–Moldova Summit will be held in Chișinău, Moldova.  European Council president António Costa and Ursula von der Leyen, his counterpart at the European Commission, will meet Maia Sandu, the Moldovan president. It is expected they will discuss the country’s future in the EU and its sovereignty amid Russia’s invasion of neighboring Ukraine.

·       European Central Bank Board President Christine Lagarde will meet with German Federal Chancellor Friedrich Merz in Berlin, Germany.

Economic Reports/Events –

·       European Central Bank Board Member Frank Elderson gives a speech at the International Monetary Fund OEDNE/World Bank Group EDS19 Constituency Meeting in Luxembourg.

·       Bank of England Member of the Monetary Policy Committee Alan Taylor gives s public lecture at the London School of Economics on the natural rate of interest rates.

·       Switzerland Unemployment Rate (June)/ Foreign Exchange Reserves (June)

·       Germany Factory Orders (May)/ HCOB Construction PMI (June)

·       Hungary Industrial Production (May)

·       France Industrial Production (May)/ HCOB Construction PMI (June)

·       Spain Industrial Production (May)/ Consumer Confidence (May)

·       Euro Area HCOB Construction PMI (June)/ / PPI (May)

·       Italy HCOB Construction PMI (June)/ Retail Sales (May)

·       Great Britain New Car Sales (June)/ S&P Global Construction PMI (June)

·       Slovenia Balance of Trade (May)

·       Serbia PPI (June)

·       Poland Foreign Exchange Reserves (June)

·       Turkey Imports/ Exports/     Balance of Trade Prel (June)

·       Russia Vehicle Sales (June)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Today is Rwanda Liberation Day, a national holiday.

Economic Reports/Events –

·       South Africa Foreign Exchange Reserves (June)

Saturday, July 5, 2025

Global

·       The 1st BRICS Finance Minister and Central Bank Governors Meeting will take place in Rio de Janeiro, Brazil.

Americas

Political/Social Events –

·       Today is Independence Day in Venezuela (which is not independent or free…).

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 –

·       The Africa-Spain Cooperation Summit begins in Madrid.

·       Today is Constitution Day in Armenia, a national holiday.

·       The 112th Tour de France cycling race begins.

Economic Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Today is Algeria's Independence Day, a national holiday.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Sunday, July 6, 2025

Global

The 15th  BRICS Leaders’ Summit begins in Rio de Janeiro, Brazil and runs through July 7.  Eleven members are expected to be represented.  However, neither Chinese President Xi Jinping nor Russian President Vladimir Putin are going to attend.

The OPEC+ monthly meeting will be held (virtually)

Americas

Political/Social Events –

·       The 49th CARICOM (Caribbean Community) Heads of Government Meeting begins in Montego Bay, Jamaica and runs through July 8.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       The Dalai Lama is expected to reveal his succession plan via a video announcement.

Economic Reports/Events –

·       Vietnam Balance of Trade (June)/ Foreign Direct Investment (June)/ GDP Growth Rate Q2/ Industrial Production (June)/ Inflation Rate (June)/ Retail Sales (June)/ Tourist Arrivals (June)

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 –

·       Today is National Day in Comoros, a national holiday.

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

Economic Reports/Events –

·       Nothing significant to report.