The Global Week Ahead

The U.S.–Iran Peace Negotiations Drag On, Lebanon and Israel Continue Talking as Fighting Ramps Up, Colombia, Peru, and Ethiopia Hold Important Elections, and Markets Await Inflation and Jobs Reports

May 31 - June 1, 2026

Heading into the new week, markets continue to watch the slow-moving peace talks between the Trump Administration and the Iranian regime’s leadership.  While details remain murky and the reporting on the issue has been confusing at best, it still appears there is a potential memorandum of understanding between the two sides.  Reports surfaced late Thursday claiming a tentative deal had been reached to extend the cease-fire.  But on Friday, President Trump reportedly sent back a series of demands to the Iranian leadership – none of which were apparently well-received in Tehran.   

Specifically, President Trump – according to a Truth Social posting – demanded Iran agree to never develop a nuclear weapon and that the Strait of Hormuz must be immediately opened to unrestricted shipping traffic with no tolls imposed by the newly created “Persian Gulf Strait Authority.”  The President then met with aides in the National Security Council for two hours, but no new decisions were made.  

Meanwhile, Iran has now pushed back, demanding new conditions which include the cessation of Israel’s  military operations in Lebanon against the Iranian proxy force Hezbollah.  But that is unlikely to happen as Israeli forces are continuing their drive into Lebanon, capturing the medieval crusader castle of Beauford (the deepest incursion of the Israeli military into Lebanon in 26 years),which Israeli Prime Minister Benjamin Netanyahu marked a “dramatic shift” in the campaign. Netanyahu vowed Israeli forces would push deeper into Lebanon, sending evacuation notices to civilians more than 25 miles deep into the country.  Critically, Lebanese and Israeli negotiators are scheduled to hold a fourth round of talks at the Pentagon in Washington this week.  All in all, it does not look like any real settlement of hostilities, either in Lebanon or with Iran, is likely this week.

Elsewhere, three big elections are being held this week: First, Colombia is holding presidential elections today (Sunday).  Left-wing/Marxist Iván Cepeda is seen as the frontrunner in polls but is unlikely to secure the 50% vote needed for victory.  That makes the race between right-wing candidate Abelardo de la Espriella and center-right candidate Paloma Valencia critical to determining if Cepeda will likely win in the second round of voting or if the center/right has a shot at winning the presidency.  

And in Peru, the presidential election is heading into the decisive second round next Sunday (June 7th) between conservative Keiko Fujimori and leftist Roberto Sánchez.  Fujimori is slightly ahead in most polls. 

Finally, Ethiopia is holding general elections on Monday for the country’s lower house and regional assemblies.  Prime Minister Abiy Ahmed’s Prosperity Party is projected to win in a landslide (as there is no coalition among the opposition, which also finds it hard to campaign with tough government restrictions placed on them).  The elections are important from a regional security perspective, as there are currently three active insurgencies in Ethiopia and ongoing tensions with Sudan and Egypt – all of which affect security in the broader Horn of Africa and commercial shipping via the Suez Canal.  And with the global economic repercussions of the Strait of Hormuz being shut, any risk to shipping through the Suez would be a major new shock.

 Looking at the global economic and financial radar screen this week, starting with the U.S. markets, we are waiting to see the U.S. jobs report on Friday, preceded by the JOLTS report on Tuesday and ADP’s private payrolls report on Wednesday.  Additionally, the May ISM indices are out this week (manufacturing on Monday and services on Wednesday), as is the Federal Reserve’s Beige Book on Wednesday.  There is not much in the way of Fed speeches this week – aside from two by Fed Governor Michael Barr – as the Fed is getting ready to go into its quiet period.

 Canada reports manufacturing PMIs on Monday and services PMI, along with Q1 productivity on Wednesday.  And Ivey PMIs are out on Friday. These come on the heels of Statistics Canada reporting the country technically slipped into a technical recession in Q1 for the first time since 2020. 

In Asia, China’s PMIs are out on Sunday (government figures on Sunday and private manufacturing and services on Monday and Wednesday, respectively).   Japan’s Finance Ministry releases financial statement statistics on Monday and labor earnings on Friday.  Bank of Japan Governor Kazuo Ueda will give a speech on Wednesday. 

And in Europe, the European Central Bank’s (ECB) consumer expectations survey is out Monday, and the Eurozone’s May flash CPI is out on Tuesday, with Germany, France, and Italy on Thursday.  ECB President Christine Lagarde will speak on Thursday (in advance of the blackout period for the June 11th monetary policy meeting), and several other ECB board members will speak earlier this week as well.  Bank of England Governor Andrew Bailey has several public appearances this coming week, as well.  We would also note that Boris Vujčić becomes vice-president of the European Central Bank on Monday.  It is a non-renewable eight-year term, replacing Luis de Guindos. 

Below is the rest of our detailed report of the major geopolitical and geoeconomic events in the coming week:

Sunday, May 31, 2026

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Colombia holds presidential elections.  Current polling points to a runoff between left wing candidate Ivan Cepeda and a right-wing contender. The first round will determine if establishment figure, Paloma Valencia or radical outsider, Abelardo de la Espriella, advance to the runoff. Valencia would prove more attractive to centrist swing voters. Her victory would reinforce our outlook that the opposition wins the presidency.

·       Brazilian Foreign Minister Mauro Vieira will pay an official visit to China through June 2nd.  Vieira and Chinese Foreign Minister Wang Yi will co-chair the fifth China-Brazil Foreign Ministerial-Level Comprehensive Strategic Dialogue, with the readout framed around Global South coordination, BRICS, and the community-of-shared-future agenda.

Economic & Financial Reports/Events –

·       Federal Reserve Board Governor Christopher J. Waller gives a speech on stablecoins at the 32nd Dubrovnik Economic Conference, Orašac, Croatia

·       Federal Reserve Board Governor Jay Powell gives acceptance remarks at the John F. Kennedy Profile in Courage Award Ceremony, Boston, Mass.

Asia

Political/Social Events –

·       Myanmar President Min Aung Hlaing will visit India through June 3rd.

·        Vietnamese Communist Party General Secretary and President To Lam will undertake a state visit to the Philippines through June 1st.

Economic & Financial Reports/Events –

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

Europe

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Bank of England Member of the Policy Committee Megan Greene: Panel at the 32nd Dubrovnic Economics Conference ‘Stablecoins and monetary policy’, Dubrovnik, Croatia.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Guinea holds elections for its National Assembly as well as municipal elections.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Monday, June 1, 2026

Global

·       Colombia takes the chair of the UN Security Council for the month of June.

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

·       The World Health Assembly Meeting is being held in Geneva, Switzerland through today.  Global health leaders are aiming to finally adopt the long-overdue **Pandemic Agreement**, establishing the first unified international framework for pandemic preparedness and response.

Americas

Political/Social Events –

·       The head of Taiwan’s opposition Kuomintang Party, Cheng Li-wun, will begin a visit to the U.S. for two weeks.  She will meet with members of Congress, participate in a number of closed-door think tank events all almost exclusively focusing on cross-strait security issues.  Cheng has also expressed her hope to meet with President Trump.  She will then travel to New York and Boston.

·       The U.S. Supreme Court is approaching its end-of-term window (typically late June). There are a number of major decisions to handed down and most are expected in the coming weeks. These include: Trump v. Barbara on birthright citizenship, Louisiana v. Callais on gerrymandering, and State of Illinois v. Trump challenging the president's deployment of National Guard forces to Chicago — rulings that could significantly alter Trump's executive authority and the congressional map. 

·       The U.S. House of Representatives and Senate return to work after being in recess last week.

Economic & Financial Reports/Events –

·       Senior Deputy Governor of the Bank of Canada, Carolyn Rogers, will appear before the House of Commons Standing Committee on Public Accounts.

·       Mexico Business Confidence (May)/ S&P Global Manufacturing PMI (May)

·       Chile IMACEC Economic Activity (April)

·       Brazil S&P Global Manufacturing PMI (May)/ BCB Focus Market Readout

·       Canada S&P Global Manufacturing PMI (May)

·       USA S&P Global Manufacturing PMI (May)/ ISM Manufacturing PMI (May)/ ISM Manufacturing Employment (May)/ Construction Spending (April)/ ISM Manufacturing New Orders (May)/ ISM Manufacturing Prices (May)

·       Peru Inflation Rate  (May)

·       Argentina Tax Revenue (May)

·       EARNINGS: HP

Asia

Political/Social Events –

·       A U.S. trade delegation will visit India to discuss the bilateral trade deal through June 4th.   The meetings are hoping "to finalize the details" of an interim trade agreement between Washington and New Delhi, as well as take forward negotiations on multiple areas such as market access, nontariff measures and investment promotion under a proposed broader pact. This comes on the heels of an Indian trade team visiting Washington from April 20th to 23rd for meetings with their American counterparts.

·       Today is Samoa Independence Day, a holiday.

Economic & Financial Reports/Events –

·       Australia S&P Global Manufacturing PMI (May)/ TD-MI Inflation Gauge (May)/ ANZ-Indeed Job Ads (May)/ Commodity Prices (May)

·       Japan Capital Spending Q1/ S&P Global Manufacturing PMI (May)

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

·       Philippines S&P Global Manufacturing PMI (May)

·       Tawain S&P Global Manufacturing PMI (May)

·       Vietnam S&P Global Manufacturing PMI (May)

·       China RatingDog Manufacturing PMI (May)

·       India HSBC Manufacturing PMI (May)/ Industrial Production (April)/ Manufacturing Production (April)

·       EARNINGS: Nidec

Europe

Political/Social Events –

·       Today is the June bank holiday in in the UK.  Banks and financial markets will be closed.

·       There will be an informal meeting of EU Culture Ministers in Lefkosia, Cyprus through June 2nd.

·       The EU – Pakistan Strategic Dialogue will take place in Islamabad, Pakistan.

·       The Oslo Freedom Forum begins in Oslo, Norway.  Venezuelan Opposition Leader Maria Corina Machado will speak.

Economic & Financial Reports/Events –

·       European Central Bank Board Member Isabel Schnabel will give a speech at the 2026 Bank of Korea International Conference in Seoul, Korea.

·       Germany Retail Sales  (April)/ S&P Global Manufacturing PMI (May)

·       Russia S&P Global Manufacturing PMI (May)

·       Switzerland Retail Sales  (April)/ GDP Growth Rate Q1/procure.ch Manufacturing PMI (May)

·       Hungary HALPIM Manufacturing PMI (May)

·       Poland S&P Global Manufacturing PMI (May)/ GDP Growth Rate Q1

·       Turkey GDP Growth Rate Q1/ Istanbul Chamber of Industry Manufacturing PMI (May)

·       Spain S&P Global Manufacturing PMI (May)

·       Italy S&P Global Manufacturing PMI (May)

·       France S&P Global Manufacturing PMI (May)

·       Euro Area Loans to Companies  (April)/ Loans to Households (April)/ M3 Money Supply (April)/ S&P Global Manufacturing PMI (May)/ Unemployment Rate (April)

·       UK S&P Global Manufacturing PMI (May)

·       Serbia GDP Growth Rate Q1

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Ethiopia holds elections general elections.  Prime Minister Abiy Ahmed is highly likely to win along with his Prosperity Party.

·       South Africa’s National Assembly is scheduled to hold the first meeting of the impeachment committee against President Cyril Ramaphosa, but it could be postponed due to legal action by the president. 

·       Today is Madaraka Day (Self-Governance Day) in Kenya.  It is a national holiday.

Economic & Financial Reports/Events –

·       Nigeria Stanbic IBTC Bank Nigeria PMI (May)

·       South Africa ABSA Manufacturing PMI (May)

·       Ethiopia General Election

Tuesday, June 2, 2026

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Israel and Lebanon will hold their fourth round of direct talks in Washington, D.C. through June 3rd.

·       U.S. Secretary of State Marco Rubio will testify before the Senate Foreign Relations Committee on the State Department’s 2027 budget request.  However, the questioning from senators will almost assuredly veer into policy questions.

·       California holds primary elections.  These include Democrat and Republican gubernatorial races and all 52 state House seats. Voters in Los Angeles will also vote in the increasingly hotly contested mayoral race between incumbent Karen Bass and former reality TV star Spencer Pratt.  Iowa, Montana, New Jersey, New Mexico, and South Dakota are also holding primary elections.

Economic & Financial Reports/Events –

·       Cleveland Federal Reserve Bank President Beth Hammack gives remarks and participates in conversation on monetary policy co-hosted by the Cleveland Fed, the City Club of Cleveland, the Greater Cleveland Partnership, and the 50 Club of Cleveland.

·       Brazil IPC-Fipe Inflation (May)

·       USA LMI Logistics Managers Index (May)/ Fed Hammack Speech/ Redbook (May/30)/ JOLTs Job Openings (April)/ JOLTs Job Quits (April)/ RCM/TIPP Economic Optimism Index (June)/ API Crude Oil Stock Change (May/29)

·       Paraguay Inflation Rate (May)

·       EARNINGS: Palo Alto Networks, Dollar General, Donaldson

Asia

Political/Social Events –

·       The COMUTEX Technology Conference begins in Taipei, Taiwan and runs through June 5th.  Speakers at the event include Nvidia CEO Jensen Huang, Marvell Technologies CEO Matt Murphy, Intel CEO Lip-Bu Tan, and Qualcomm CEO Cristiano Amon. 

Economic & Financial Reports/Events –

·       South Korea Inflation Rate (May)

·       Japan Monetary Base

·       Australia RBA Harper Speech/ Building Permits (April)/ Company Gross Profits Q1/ Building Permits (April)/ Business Inventories Q1/ Current Account Q1/ Net Exports Contribution to GDP Q1/ Private House Approvals (April)

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

·       Malaysia S&P Global Manufacturing PMI (May)

·       Thailand S&P Global Manufacturing PMI (May)

·       Hong Kong Retail Sales (April)

·       Singapore SIPMM Manufacturing PMI (May)

Europe

Political/Social Events –

·       The European Parliament's international trade committee will vote on the final trilogue deal implementing the July 2025 EU-U.S. trade framework agreement ahead of a plenary vote likely to take place in mid-June.

·       Today is Republic Day in Italy, celebrating the day in 1946 when Italians were called to vote and form a new government after World War II.

Economic & Financial Reports/Events –

·       Bank of England Governor Andrew Bailey testifies before the House of Lords Economic Committee.

·       European Central Bank Board Member Boris Vujčić will give online remarks at the Icelandic conference on the occasion of the publication of the report by Catherine Mann on Iceland’s currency options.

·       Bank of England Member of the Monetary Policy Committee Megan Greene gives a speech at the University of Derby Business School.

·       Ireland AIB Manufacturing PMI (May)

·       Euro Area ECB Consumer Inflation Expectations (April)/ Inflation Rate  Flash (May)

·       Spain New Car Sales (May)/ Unemployment Change (May)/ Tourist Arrivals (April)

·       Switzerland Balance of Trade (April)

·       Hungary GDP Growth Rate Q1

·       France Budget Balance (April)

·       Slovakia Real Wages Q1

·       Greece S&P Global Manufacturing PMI (May)/ Total Credit (April)

·       UK BoE Consumer Credit (April)/ Mortgage Approvals (April)/ Mortgage Lending (April)/ M4 Money Supply (April)/ Net Lending to Individuals (April)/ CPI Flash (May)

·       Poland Interest Rate Decision (June)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Angola GDP Growth Rate Q1

·       South Africa Total New Vehicle Sales (May)

Wednesday, June 3, 2026

Global

·       The OECD publishes its twice-yearly Economic Outlook is published.

Americas

Political/Social Events –

·       Venezuelan unions will protest nationwide to call for free elections, the release of political prisoners and improved service delivery. 

·       Paraguay will host Mercosur’s 68th Summit.

·       The Senate Finance Committee will hold a hearing on the Treasury Department’s 2027 Budget.  Treasury Secretary Scott Bessent will testify.

·       The Bloomberg Tech Conference takes place in San Francisco, California through June 4th.

Economic & Financial Reports/Events –

·       Federal Reserve Board Governor Michael S. Barr participates in a conversation event at the Community Development Bankers Association (CDBA) Peer Forum 2026, Washington, D.C.

·       USA MBA 30-Year Mortgage Rate (May/29)/ MBA Mortgage Applications (May/29)/ MBA Mortgage Market Index (May/29)/ MBA Mortgage Refinance Index (May/29)/ MBA Purchase Index (May/29)/ ADP Employment Change (May)/ S&P Global Composite PMI (May)/ S&P Global Services PMI (May)/ ISM Services PMI (May)/ Factory Orders (April)/ Factory Orders ex Transportation (April)/ ISM Services Business Activity (May)/ ISM Services Employment (May)/ ISM Services New Orders (May)/ ISM Services Prices (May)/ EIA Crude Oil/Gasoline Stocks Change (May/29)/ Fed Beige Book/ Total Vehicle Sales (May)

·       Brazil Industrial Production (April)/ S&P Global Services PMI (May)/ S&P Global Composite PMI (May)/ Balance of Trade (May)

·       Canada Labor Productivity Q1/ S&P Global Composite PMI (May)/ S&P Global Services PMI (May)

·       Columbia Davivienda Manufacturing PMI (May)/ Exports (April)

·       Uruguay Inflation Rate (May)/ Unemployment Rate (April)

·       Mexico Foreign Exchange Reserves (May)

·       EARNINGS: Broadcom, CrowdStrike Holdings, Medtronic, Veeva Systems, Descartes Systems (Can), Macy’s, Industries CH (MEX), Transcontinental (CAN), Canaccord Genuity (CAN)

Asia

Political/Social Events –

·       South Korea will hold local elections for provincial governors, city mayors and local assembly members. This vote serves as a vital mid-term temperature check for the country's current administration under left-leaning President Lee and his foreign policy stance toward China and North Korea.  Current polls suggest Lee’s Democratic Party is leading in all major polls.

Economic & Financial Reports/Events –

·       Bank of Japan Governor Kazuo Ueda speaks at a meeting of business leaders at the Kisaragi-kai meeting in Japan.

·       New Zealand Building Permits (April)/Imports/ Export Prices Q1/ Terms of Trade  Q1/ Global Dairy Trade Price Index (June/02)

·       Australia Ai Group Construction Index (May)/ Ai Group Industry Index (May)/Ai Group Manufacturing Index (May)/ S&P Global Composite PMI  (May)/ S&P Global Services PMI  (May)/ GDP Growth Rate  Q1/ GDP Capital Expenditure Q1/ GDP Chain Price Index Q1/ GDP  Consumption Q1/ Cotality Dwelling Prices (May)

·       Hong Kong S&P Global PMI (May)

·       Japan S&P Global Composite PMI (May)/ S&P Global Services PMI (May)

·       China RatingDog Services PMI (May)/ RatingDog Composite PMI (May)

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

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

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

Europe

Political/Social Events –

·       The 29th St. Petersburg International Economic Forum begins and runs through June 6th.  Historically dubbed the "Russian Davos," its function has entirely shifted toward rewriting trade routes and financial models outside the Western sphere.  Russian President Vladimir Putin may speak at the event – as he has traditionally done – but this has yet to be confirmed yet (Putin does not make his schedule public in advance due to the Ukrainian War and increased risk of Ukrainian drone strikes deep inside Russia).

·       The European Parliament is expected to release legislative texts for the EU Tech Sovereignty Package which was proposed by the European Commission on May 27th.   The measure is expected to put in place new restrictions on the use of U.S. cloud providers — including Amazon Web Services, Microsoft Azure, and Google Cloud — for sensitive government data across all 27 EU member states. And it is expected to include the Cloud and AI Development Act (CADA) and a Chips Act update. The restrictions apply to public-sector organizations handling financial, judicial, and healthcare data; private companies are not covered.

·       Italian Prime Minister Giorgia Meloni will host French President Emmanuel Macron in Rome.  The talks will cover "the main topics of the bilateral, European and international agenda.”

·       The Bank of England launches a public vote on the proposed wildlife images for next banknotes (as opposed to famous politicians or monarchs).

Economic & Financial Reports/Events –

·       European Central Bank Board Member Frank Elderson give a keynote speech at the Goldman Sachs European Financials Conference 2026 in Zurich, Switzerland.

·       European Central Bank Vice President Piero Cipollone gives an introductory statement at a hearing on the digital euro before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels, Belgium

·       Kazakhstan Inflation Rate (May)

·       Turkey Balance of Trade (May)/ Imports/Exports (May)/ Foreign Exchange Reserves (May/22)

·       France New Car Registrations (May)/ S&P Global Composite PMI (May)/ S&P Global Services PMI (May)

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

·       Russia S&P Global Composite PMI (May)/ S&P Global Services PMI (May)/ Unemployment Rate (April)/ Business Confidence (May)/ Corporate Profits (March)/ Real Wage Growth  (March)/ Retail Sales (April)

·       Spain S&P Global Services PMI (May)/ S&P Global Composite PMI (May)

·       Italy S&P Global Services PMI (May)/ S&P Global Composite PMI (May)

·       Germany S&P Global Composite PMI (May)/ S&P Global Services PMI (May)

·       Euro Area S&P Global Composite PMI  (May)/ S&P Global Services PMI (May)/ PPI (April)

·       UK S&P Global Composite PMI (May)/ S&P Global Services PMI (May)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Saudi Arabia Riyad Bank PMI (May)

·       UAE S&P Global PMI (May)

·       Israel Tourist Arrivals  (May)

Africa

Political/Social Events –

·       Tanzania will host the Tanzania Investment Summit in Arusha through June 5th.

Economic & Financial Reports/Events –

·       South Africa Business Confidence Q2/ S&P Global PMI (May)/ GDP Growth Rate Q1

·       Egypt S&P Global PMI (May)

Thursday, June 4, 2026

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       U.S. Treasury Secretary Scott Bessent will testify before the House Ways and Means Committee.

Economic & Financial Reports/Events –

·       USA Challenger Job Cuts (May)/ Initial Jobless Claims (May/30)/ Continuing Jobless Claims (May/23)/ Jobless Claims 4-week Average (May/30)/ Nonfarm Productivity Q1/ Unit Labor Costs Q1/ NY Fed Bill Purchases 1 to 4 months/ EIA Natural Gas Stocks Change (May/29)/ 15-Year Mortgage Rate (June/04)/ 30-Year Mortgage Rate (June/04)/ Fed Balance Sheet (June/03)

·       Mexico Gross Fixed Investment (March)

·       Columbia PPI (May)

·       EARNINGS: Ciena, Lululemon Athletica (CAN), Toro, Docusign, Enghouse Systems (CAN)

Asia

Political/Social Events –

·       Today is the anniversary of the Chinese Communist Government’s violent crackdown on students and other protestors in Beijing’s Tiananmen Square in 1989.   No commemoration ceremonies are allowed in mainland China and now in Hong Kong (where there used to be annual candlelit ceremonies).

Economic & Financial Reports/Events –

·       Reserve Bank of Australia Governor Reserve Bank of Australia governor Michele Bullock and Christopher Kent, assistant governor (financial markets), give evidence to the Senate Economics Legislation Committee in Canberra

·       South Korea Foreign Exchange Reserves (May)

·       Japan Foreign Bond Investment (May/30)/ Stock Investment by Foreigners (May/30)/ Foreign Exchange Reserves (May)

·       Singapore S&P Global PMI (May)

·       Australia Imports/Exports/Balance of Trade (April)/ RBA Payments System Board Meeting

·       Thailand Business Confidence (May)

·       EARNINGS: NIO (CHN), Sekisui House (JPN)

Europe            

Political/Social Events –

·       EU Justice and Home Affairs (Home Affairs) Council Ministers will meet in Luxembourg.  They will discuss he overall state of the Schengen area. The Commission will present its 2026 State of Schengen Report, which outlines how the Schengen acquis has been implemented over the past year. The Council will then define the actions that it views as priorities for the Schengen Council cycle 2026-2027. The Commission and EU-LISA will then give updates on the implementation of the interoperability of large-scale IT systems, including the Entry/Exit System and ETIAS (European Travel Information and Authorization System). Then they will discuss migration issues, the future legal status of displaced Ukrainians living in the EU, and EU security issues dealing with the Iranian War.

·       There will be an informal meeting of EU Ministers responsible for Cohesion Policy through June 5th in Lefkosia, Cyprus.

·       The Brussels Economic Security Summit 2026 begins and runs through June 5th.

·       Workers on London’s Underground rail service are expected to go on strike.

Economic & Financial Reports/Events –

·       Today is the feast of Corpus Christi. The European Central Bank is closed.

·       European Central Bank President Christine Lagarde gives remarks at the first Journée de réseaux de femmes dans la santé en Région Sud in Provence-Alpes-Côte d'Azur organized by Agence Régionale de Santé in Aix-en-Provence, France.

·       Bank of England Governor Andrew Bailey gives a speech at the Investment Association Annual Conference 2026 in London.

·       Ireland AIB Services PMI (May)/ Current Account Q1/ GDP Growth Rate Q1/ GNP  Q1/ Unemployment Rate (May)

·       Italy New Car Registrations (May)/ S&P Global Construction PMI (May)

·       Russia GDP (April)

·       Romania Retail Sales (April)

·       Hungary Retail Sales (April)

·       Switzerland Inflation Rate (May)/Unemployment Rate (May)

·       Slovakia Retail Sales  ARP

·       Spain Industrial Production (April)

·       Turkey Unemployment Rate (April)/ Participation Rate (April)/ Foreign Exchange Reserves (May/29)

·       Euro Area     S&P Global Construction PMI (May)/ Retail Sales (April)

·       France S&P Global Construction PMI (May)

·       Germany S&P Global Construction PMI (May)/ New Car Registrations (May)

·       UK New Car Sales (May)/ S&P Global Construction PMI (May)

·       Slovenia Balance of Trade (April)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Friday, June 5, 2026 

Global

·       WL (World) Global Supply Chain Pressure Index (May)

·       FAO Food Price Index (May)

Americas

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Mexico Consumer Confidence (May)

·       Canada Unemployment Rate (May)/ Employment Change (May)/ Full Time Employment Chg (May)/ Part Time Employment Chg (May)/ Participation Rate (May)/ Average Hourly Wages (May)/ Ivey PMI s.a (May)

·       USA Nonfarm Payrolls (May)/ Unemployment Rate (May)/Average Hourly Earnings (May)/ Participation Rate (May)/ Average Weekly Hours (May)/ Government Payrolls (May)/ Manufacturing Payrolls (May)/ Nonfarm Payrolls Private (May)/ U-6 Unemployment Rate (May)/ Used Car Prices (May)/ Used Car Prices (May)/ Baker Hughes Oil Rig Count (June/05)/ Baker Hughes Total Rigs Count (June/05)/ Consumer Credit Change (April)

·       Brazil Car Production (May)/ New Car Registrations (May)

·       Costa Rica Inflation Rate (May)

·       Columbia Inflation Rate (May)

·       El Salvador Inflation Rate (May)

·       EARNINGS: ABM Industries

Asia

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       South Korea Current Account (April)

·       Japan Household Spending (April)/ Household Spending (April)/ Average Cash Earnings  (April)/ Overtime Pay (April)/ Coincident Index (April)/ Leading Economic Index (April)

·       Philippines Inflation Rate (May)/ Industrial Production (April)

·       Thailand  Inflation Rate (May)

·       Sri Lanka Tourist Arrivals (May)

·       India RBI Interest Rate Decision/ Cash Reserve Ratio/ GDP Growth Rate Q1/ Fiscal Year GDP Growth 3rd Est 2025-26/ Foreign Exchange Reserves (May/29)        

·       Singapore Retail Sales (April)

·       Taiwan Inflation Rate (May)/ Foreign Exchange Reserves (May)

·       Hong Kong Foreign Exchange Reserves (May)

Europe

Political/Social Events –

·       The EU-Western Balkans Summit will take place in Tivat, Montenegro. The summit will be chaired by the President of the European Council and hosted by the President of Montenegro. The EU will be represented by the President of the European Council and the President of the European Commission. High Representative Kaja Kallas will also participate.  The agenda includes discussion of the gradual integration and growth plan of the region in to the EU as well as strengthening security and defense cooperation.

·       The EU Justice and Home Affairs Council (Justice) will meet in Luxembourg.  Ministers will discuss a proposed regulation on recognition of parenthood. The proposal aims to ensure continuity of parenthood in cross-border situations and thereby protect all children, regardless of how they were conceived or born and regardless of their type of family.  They will also approve a partial mandate on the new Justice program supporting, among others, judicial cooperation in civil and ‎criminal matters and judicial ‎training and promoting the independence and impartiality ‎of the judiciary. This program will be part of the next multiannual financial framework (MFF) covering the period 2028 to 2034. Additionally, ministers will discuss hate crime and hate speech.

·       Today is Constitution Day in Denmark.  It is a half-day holiday for workers and financial markets.

Economic & Financial Reports/Events –

·       Bank of England Governor Andrew Bailey participates in a conversation with Ed Balls and Stephanie Flanders marking the 250th anniversary of the publication of Adam Smith’s “Wealth of Nations” in London.

·       Bank of England Member of the Monetary Policy Committee Swati Dhingra will give a keynote speech at the UCL MacroMonitor Launch in London.

·       European Central Bank Board Member Anneli Tuominen gives a keynote speech at the "Pan-European Conglomerate Club" meeting in Helsinki, Finland.

·       Romania GDP Growth Rate 2nd Est Q1

·       UK Halifax House Price Index (May)/ DMP 1Y CPI Expectations (May)/ DMP 3M Output Price Expectations (May)/ BBA Mortgage Rate (May)

·       Hungary Industrial Production (April)

·       France Imports/Exports/Balance of Trade (April)/ Industrial Production (April)/ Current Account (April)/ Foreign Exchange Reserves (May)

·       Kazakhstan Interest Rate Decision

·       Slovakia GDP Growth Rate Q1

·       Switzerland Foreign Exchange Reserves (May)

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

·       Euro Area Employment Change Q1/ GDP Growth Rate 3rd Est Q1

·       Greece GDP Growth Rate Q1

·       Poland Foreign Exchange Reserves (May)

·       Italy Retail Sales (April)

·       Serbia PPI  (May)

·       Russia Foreign Exchange Reserves (May)

·       EARNINGS: Telecom Italia

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Ghana Inflation Rate (May)

·       Egypt Foreign Exchange Reserves (May)

·       South Africa Foreign Exchange Reserves (May)

Saturday, June 6, 2026

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Federal Reserve Governor Michael S. Barr speaks on supervision and regulation at the 5th DC Finance Conference, Washington, D.C.

Asia

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Singapore SIPMM Manufacturing PMI (April)

·       Philippines Foreign Exchange Reserves (May)

·       Pakistan Balance of Trade (May)

Europe

Political/Social Events –

·       Pope Leo begins a six-day visit to Spain and the Canary Islands.

Economic & Financial Reports/Events –

·       Ukraine Foreign Exchange Reserves (May)

·       Russia Vehicle Sales (May)

·       Kazakhstan PPI (May)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Israel Foreign Exchange Reserves (May)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Sunday, June 7, 2026 

Global

·       OPEC+ holds its monthly meeting.

Americas

Political/Social Events –

·       Peru holds the 2nd round of presidential elections between conservative Keiko Fujimori and leftist Roberto Sánchez.  The winner will become the 10th president of Peru in the last ten years.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·        Nothing significant to report.

Europe

Political/Social Events –

·       Armenia holds parliamentary elections.

·       Jersey holds parliamentary elections.

·       Kosovo holds parliamentary elections.

·       There will be an informal meeting of EU Defense Ministers through June 8th in Lefkosia, Cyprus.

·       Today is Sette Giugno in Malta, a national holiday.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Israel Business Confidence (May)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic & Financial Reports/Events –

·       Nothing significant to report.

Looking at the Weeks Ahead

·       June 10 – The European Central Bank monetary policy meeting.

·       June 10 – Bank of Canada monetary policy meeting.

·       June 11 – July 19 – The World Cup will be held in the U.S., Mexico, and Canada.

·       June 15 – The Bank of Japan monetary policy meeting.

·       June 17 – The Federal Reserve Board’s Open Market Committee meeting.

·       June 18 – The Bank of England's monetary policy meeting.

·       June 23 – The World Economic Forum’s New Champions meeting in Dalian, China.