The Global Week Ahead

The Sad Anniversary of Hamas’ Murderous Assault on Israel,  Biden Travels to Germany and Angola, US Supreme Court Begins its Autumn Term, and Germany’s Foreign Minister to Travel to China

October 6 - 13, 2024

Monday is the one-year anniversary of Hamas' surprise attack on Israel, killing more than 1,200 people and taking hundreds more hostage, changing the security situation in the greater Middle East and leading to war in Gaza and now in Lebanon against Hezbollah.  Markets are now bracing for an Israeli retaliatory strike on Iran after Iran attacked Israel with another rocket attack this past week.  The biggest question is whether Israel will attack Iran's nuclear facilities.  Will be sending updates as the situation progresses this week.

Also this week, President Joe Biden will travel to Germany for a US president's first official state visit in almost four decades.  While in Germany, Biden will chair a meeting of NATO state leaders to discuss the situation in Ukraine and likely address the issue of whether Ukraine will be allowed to use NATO-supplied weapons to proactively attack Russian targets inside Russia – something which Moscow has said would be a dramatic provocation.  Russian President Vladimir Putin has – again – suggested the use of nuclear weapons.  Still, most experts we have spoken to do not believe he will use them and instead ramp up asymmetric attacks on Western targets, impacting market operations (e.g., cyberattacks, cutting critical communication cables, etc.).

Biden will travel from Germany to Angola.  He is following up on a promise he made to African leaders in 2022 that he would visit Africa and seek to shore up relations with the continent.

Elsewhere in the world, German Foreign Minister Annalena Baerbock is expected to travel to China this week to discuss the situation in Ukraine and the Middle East.  She is also expected to discuss the EU's ongoing deliberations to effectively block Chinese Electric Vehicles (EVs) from being imported to China – a hot-button issue between China and the EU.

Looking at the global economic radar screen this week, Markets are looking at the US September CPI figures released this week after the surprise uptick in employment numbers last week.  Additionally, the Federal Reserve's Open Market Committee meeting minutes and the Michigan consumer survey for October are out this week.

In Europe, the European Central Bank's meeting minutes are also being released this week.  The UK releases GDP numbers, while Germany releases factory orders, industrial production, and trade figures—all closely watched to see if Germany is beginning to pull out of its economic doldrums.  France will present its 2025 budget this week, which will be important as the fragile political coalition could be impacted. 

This week in Asia, China returns from its week-long Golden Week holiday, and the country's stock exchanges reopen.  It also releases CPOI and PPI figures. Japan releases its Monthly Labor Survey, Economy Watchers Survey, and PPI figures—all important figures to watch as Japan prepares for snap parliamentary elections on October 27. 

Below is what else we are tracking around the world in the coming week:

Sunday, October 6, 2024

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Brazil holds local elections, including for Mayor of Sao Paulo.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       In Kazakhstan, a referendum on the construction of a nuclear power plant (NPP) will be held. Opinion polling indicates that the most likely scenario will be a vote in favor of constructing the plant. If approved, it will help Kazakhstan's domestic electricity supply challenges and reduce its dependence on both fossil fuels and electricity imports from abroad.

Economic Reports/Events –

·       Vietnam Balance of Trade (September)/ GDP Growth Rate Q3/ Industrial Production (September)/ Inflation Rate (September)/ Retail Sales (September)/ Tourist Arrivals (September)/ Foreign Direct Investment (September)

·       Japan Foreign Exchange Reserves (September)

Europe

Political/Social Events –

·       London is bracing for a large protest in support of Palestinians.

·       Bosnia and Herzegovina will hold local elections.

·       In Italy, Matteo Salvini's League holds an annual meeting in Pontida.

Economic Reports/Events –

·       Euro Area Eurogroup Meeting

Middle East

Political/Social Events –

·       Tunisia will hold a presidential election.  President Kais Saied will almost certainly win as opposition parties are boycotting the election.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report. 

Monday, October 7, 2024 

Global

·       Today is the one-year anniversary of Hamas’ assault on Israel, murdering more than 1,200 people and the taking of hundreds of civilian hostages, many of whom have been subsequently murdered.

Americas

Political/Social Events –

·       The US Supreme Court begins its fall session. They will hear cases dealing with online pornography, transgender rights, and nuclear waste storage.

·       A Colombian Court will hear evidence against ex-president Alvaro Uribe on bribery and fraud charges.

Economic Reports/Events –

· Federal Reserve Board Governor Michelle W. Bowman will speak at the Independent Bankers Association of Texas (IBAT) Annual Convention in San Antonio, Texas.

·       Minneapolis Federal Reserve Bank President Neel Kashkari participates in a moderated question-and-answer session before the Bank Holding Company Association (BHCA) Fall Seminar.

·       St. Louis Federal Reserve Bank President Alberto Musalem speaks on the U.S. economy and monetary policy and participates in moderated conversation before the Money Marketeers of New York University Inc.

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

·       Colombia Exports (August)/ Inflation Rate (September)

·       Costa Rica Inflation Rate (September)

·       USA Consumer Credit Change (August)/ Used Car Prices (September)

·       Brazil BCB Focus Market Readout

·       El Salvador Inflation Rate (September)

Asia

Political/Social Events –

·    Leaders of the ASEAN bloc meet for a three-day summit in the Laotian capital, Vientiane, to discuss economic and security issues. Japan's newly appointed prime minister, Shigeru Ishiba, also joins the meeting to talk about East Asia's role in the Southeast Asian club of 10 nations.  More than 1,000 CEOs and senior executives along with world leaders will attend.

. Pakistan is bracing for nationwide protests to mark the one-year anniversary of the start of the Israel-Hamas conflict. The anti-Israel demonstrations are being held by the Muslim-majority nation's major Islamist party Jamaat-e-Islami.

·       South Korean President Yoon Suk Yeol visits Southeast Asia, stopping in the Philippines and Singapore. In the city-state, he is slated to attend a business forum highlighting economic cooperation and is also expected to speak on issues including Korean unification at a separate lecture.

Economic Reports/Events –

·       Australia TD-MI Inflation Gauge (September)

·       Sri Lanka Tourist Arrivals (September)

·       Indonesia Foreign Exchange Reserves (September)

·       Thailand Inflation Rate (September)/ Foreign Exchange Reserves (September)

·       Japan Coincident Index Prel (August)/ Leading Economic Index Prel (August)

·       Hong Kong Foreign Exchange Reserves (September)

·       Singapore Foreign Exchange Reserves (September)

·       China Foreign Exchange Reserves (September)

·       Philippines Foreign Exchange Reserves (September)

Europe

Political/Social Events –

·       German Foreign Minister Annalena Baerbock is expected to visit China for meetings.  She is expected to discuss the ongoing EU deliberations on EV tariffs and the situation in Ukraine and the Mideast.

·       The Eurogroup meets in Luxembourg.  They are scheduled to discuss a recovery plan for Europe, the situation in Ukraine, EU energy policy, and the upcoming G20 finance ministers and central bank governors, climate finance, tax policy, and pending legislative proposals dealing with digital finance and capital markets union.

·       The Commonwealth of Independent States (CIS) Council of Foreign Ministers will meet in Moscow. 

Economic Reports/Events –

· European Central Bank Board Member Piero Cipollone gives a speech at the Deutsche Bundesbank's symposium, "Future of payments: trends and innovations in Germany and Europe," in Frankfurt, Germany.

·       European Central Bank Board Member Philip R. Lane will give a keynote at the ECB Conference on Monetary Policy: bridging science and practice in Frankfurt, Germany.

·       Germany Factory Orders (August)

·       Romania Retail Sales (August)

·       Great Britain Halifax House Price Index (September)/ BBA Mortgage Rate (September)

·       Hungary Balance of Trade Prel (August)/ Retail Sales (August)

·       France Foreign Exchange Reserves (September)

·       Slovakia Retail Sales (August)

·       Switzerland Foreign Exchange Reserves (September)

·       Euro Area Retail Sales (August)

·       Poland Foreign Exchange Reserves (September)

·       Russia Foreign Exchange Reserves (September)/ Vehicle Sales (September)

·       Ukraine Foreign Exchange Reserves (September)

·       Turkey Treasury Cash Balance (September)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Business Confidence (September)

·       Jordan GDP Growth Rate Q2/ PPI (August)

·       Qatar Balance of Trade (August)/ Inflation Rate (August)

Africa

Political/Social Events –

·       The African Oil Week conference will kick off in Cape Town, South Africa.

Economic Reports/Events –

·       South Africa Foreign Exchange Reserves (September)

Tuesday, October 8, 2024

Global

·       The UN Security Council is scheduled to hold a briefing on the Great Lakes region, followed by consultations.

·       The United Nations Human Rights Council will meet to discuss Honduras and Haiti.

·       The IMF releases its World Economic Outlook.

·       The United Nations International Conference on Victims of Terrorism co-organized by the United Nations Office of Counter-Terrorism (UNOCT) and the Kingdom of Spain will take place on 8 and 9 October 2024 at Palacio de Congresos Europa in Vitoria-Gasteiz, Spain.

·       The 7th Vienna Energy Security Dialogue takes place in Vienna, Austria.

·       BRICS Senior Health officials will meet in Moscow through October 9 in advance of the BRICS Health Ministers this week.

·       The 11th Meeting of Heads of BRICS Intellectual Property Agencies meets in Moscow through October 9.

·       The BRICS Think Tank Network for Finance Conference will be held in Moscow (in person and via video).

Americas

Political/Social Events –

·       The Latin American and Caribbean Competition Forum begins in Santa Domingo, The Dominican Republic.

Economic Reports/Events –

·       Federal Reserve Board Vice Chair Vice Chair Philip N. Jefferson will give a speech on “The Discount Window: 1913-2000” at Davidson, College, Davidson, North Carolina.

·       Federal Reserve Board Governor Adriana D. Kugler will give a speech on Global Inflation at the European Central Bank Conference on Monetary Policy 2024, Frankfurt am Main, Germany.

·       Atlanta Federal Reserve Bank President Raphael Bostic gives remarks and participates in moderated conversation on the economic outlook before the Atlanta consular corps luncheon.

·       Boston Federal Reserve Bank President Susan Collins speaks before the 23rd annual Regional & Community Bankers Conference hosted by the Federal Reserve Bank of Boston.

·       USA NFIB Business Optimism Index (September)/ Imports/ Exports/ Balance of Trade (August)/ Redbook (October/05) / RCM/TIPP Economic Optimism Index (October)/ API Crude Oil Stock Change (October/04)

·       Chile Inflation Rate (September)

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

·       Brazil Car Production (September)

·       Argentina Industrial Production (August)

·       Uruguay Interest Rate Decision

Asia

Political/Social Events –

·       Regional election results are scheduled in India's northern Jammu and Kashmir region. They were the first polls in the former state -- now a federally-governed territory -- in about a decade and came five years after Prime Minister Narendra Modi's government scrapped its special autonomy status.

·       China’s stock exchange reopens after a weeklong holiday.

Economic Reports/Events –

·       South Korea Current Account (August)

·       Japan Average Cash Earnings (August)/ Household Spending (August)/ Overtime Pay (August)/ Current Account (August)

·       Australia NAB Business Confidence (September)/ RBA Meeting Minutes/ ANZ-Indeed Job Ads (September)

·       Philippines Unemployment Rate (August)/ Industrial Production (August)

·       Indonesia Consumer Confidence (September)

·       Taiwan Imports/ Exports/ Balance of Trade (September)/ Inflation Rate (September)

Europe

Political/Social Events –

·       The EU’s Economic and Financial Affairs Council meets in Luxembourg.  Theya re expected to discuss a recovery plan for Europe, the situation in Ukraine, EU energy policy, and the upcoming G20 finance ministers and central bank governors, climate finance, tax policy, and pending legislative proposals dealing with digital finance and capital markets union.

·       NATO Secretary General Mark Rutte will meet with Finland’s President, Alexander Stubb, in Brussels.

·       The European Parliament will debate the state of Georgia’s declining democracy, Russian attempts to interfere in Moldova’s presidential elections and the situation in Sudan with EU foreign policy chief Borrell. Resolutions on Georgia and Moldova will be put to a vote on Wednesday.

Economic Reports/Events –

·       European Central Bank Board Member Isabel Schnabel will chair the keynote session at the ECB Conference on Monetary Policy: bridging science and practice in Frankfurt, Germany.

·       European Central Bank Board Member Elizabeth McCaul will give the keynote speech and participate in a fireside chat at the S&P Global Ratings European Financial Institutions Conference in Frankfurt, Germany.

·       Great Britain BRC Retail Sales Monitor (September)

·       Germany Industrial Production (August)

·       France Imports/ Exports/ Balance of Trade (August)/ Current Account (August)

·       Greece Balance of Trade (August)

·       Hungary Budget Balance (September)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Tourist Arrivals (September)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Kenya Interest Rate Decision

·       Mozambique Presidential Election

Wednesday, October 9, 2024 

Global

·       The UN Security Council is scheduled to hold a briefing on the United Nations Support Mission in Libya (UNSMIL) followed by consultations. 

·       G7 Health Ministers meet through October 11 in Ancona, Italy.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Federal Reserve Board Governor Lisa D. Cook will give remarks on “Entrepreneurship and Innovation” at the Women for Women Summit presented by the College of Charleston School of Business, Charleston, South Carolina.

·       The Chicago Federal Reserve Bank’s Payments Symposium will be held Chicago. Chicago Fed President Austan Goolsbee, Richmond Fed President, and Cleveland Fed President Loretta Meister are scheduled to speak.

·       Atlanta Federal Reserve Bank President Raphael Bostic gives welcome remarks before the Greater Atlanta Home Builders Association monthly meeting.

·       Dallas Federal Reserve Bank President Lorie Logan speaks on the current state of the economy before the Future of Global Energy Conference presented by Shell USA, Inc. and co-hosted by the Greater Houston Partnership.

·       Boston Federal Reserve Bank President Susan Collins speaks before the Worcester Regional Research Bureau 39th Annual Meeting.

·       San Francisco Federal Reserve Bank President Mary Daly participates in moderated conversation on monetary policy and the economic outlook at Boise State University.

·       USA MBA Mortgage Market Index (October/04) /Wholesale Inventories (August)/ EIA Crude Oil & Gasoline Stocks Change (October/04) / / FOMC Minutes released

·       Brazil Inflation Rate (September)

·       Mexico Inflation Rate (September)

·       Peru Balance of Trade (August)

Asia

Political/Social Events –

·       Leaders of the ASEAN bloc meet for a three-day summit in the Laotian capital, Vientiane, to discuss economic and security issues. Japan's newly appointed prime minister, Shigeru Ishiba, also joins the meeting to talk about East Asia's role in the Southeast Asian club of 10 nations.

·       Japan will formally dissolve its lower house ahead of snap elections to be held on Oct. 27, when newly elected Prime Minister Shigeru Ishiba and his ruling Liberal Democratic Party (LDP) look to strengthen their numbers in parliament. Ishiba was elected LDP leader -- and became the country's newest prime minister -- as Fumio Kishida opted not to vie for another term in Japan's top job.

Economic Reports/Events –

·       Australia Westpac Consumer Confidence Index (October)

·       New Zealand RBNZ Interest Rate Decision

·       Indonesia Retail Sales (August)

·       Thailand Consumer Confidence (September)

·       India RBI Interest Rate Decision/ Cash Reserve Ratio

·       Kazakhstan PPI (September)

Europe

Political/Social Events –

·       There will be an informal meeting of EU employment, social policy, and health ministers in Budapest, Hungary through October 10.

• UK onservative MPs start voting to determine the final two candidates vying to become the party’s next leader, after Rishi Sunak announced his resignation in the wake of the party’s heavy general election defeat. The outcome is announced tomorrow. Party members will then vote on these two options

Economic Reports/Events –

·       European Central Bank Board Member Frank Elderson will participate in a session entitled "The true cost of greening the world" at IUCN Leaders Forum 2024 "Harnessing innovation, enabling conversation" in Geneva, Switzerland.

·       Germany Imports/ Exports/ Balance of Trade (August)

·       Slovakia Balance of Trade (August)

·       Ireland Industrial Production (August)

·       Hungary Monetary Policy Meeting Minutes

·       France New Car Registrations (September)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Interest Rate Decision/ Foreign Exchange Reserves (September)

·       Jordan Inflation Rate (September)

Africa

Political/Social Events –

·       Mozambique holds presidential and parliamentary elections. Daniel Chapo is the presidential candidate for the governing Liberation Front of Mozambique (Frelimo) and is highly likely to be elected president.

Economic Reports/Events –

·       Tanzania Inflation Rate (September)

Thursday, October 10, 2024

Global

·       The UN Security Council is scheduled to have a private meeting on Somalia, and in the afternoon a TCC meeting on the United Nations Mission for the Referendum in Western Sahara (MINURSO).

·       The G7 holds a Ministerial meeting on Industry and Technological Innovation in Rome, Italy.

·       The 4th Meeting of BRICS Deputy Finance Ministers and Central Bank Governors takes place through October 11 in Moscow.

·       The 14th Meeting of BRICS Health Ministers will take place through October 11 in Moscow.

Americas

Political/Social Events –

·       President Biden will travel to Germany for the first state visit of a US president in four decades.  He will meet with Chancellor Olaf Scholz and President Frank-Walter Steinmeier.  Additionally, Biden will lead a summit on the Ukraine War at the US airbase in Ramstein.  Ukrainian President Volodymyr Zelensky will attend.

Economic Reports/Events –

·       Richmond Federal Reserve Bank President Thomas Barkin participates in fireside chat,"2025 Economic Outlook and Beyond" before the Virginia Maritime Association 2024 International Trade Symposium.

·       New York Federal Reserve Bank President John Williams gives remarks and participates in a moderated discussion on the economic outlook and monetary policy before event organized by Binghamton University.

·       USA Inflation Rate (September)/ CPI (September)/ Initial Jobless Claims (October/05) / EIA Natural Gas Stocks Change (October/04)/ 15 & 30-Year Mortgage Rate (October/09)/ Fed Balance Sheet (October)/9

·       Mexico Monetary Policy Meeting Minutes

·       Argentina Inflation Rate (September)

·       Peru Interest Rate Decision

·       Brazil Retail Sales (August)

·       Ecuador Balance of Trade (August)

Asia

Political/Social Events –

·       Taiwan celebrates its National Day, with new President Lai Ching-te due to mark the occasion with a speech. With tensions with China at very tense levels, comments being made in Taipei will be closely watched.

Economic Reports/Events –

·       Japan Bank Lending (September)/ Foreign Bond Investment (October/05)/ PPI (September)/ Stock Investment by Foreigners (October/05)/ Eco Watchers Survey Outlook (September)

·       Australia Consumer Inflation Expectations (October)/ Private House Approvals MoM Final (August)/ Building Permits MoM Final (August)

·       Philippines Imports/ Exports/ Balance of Trade (August)

·       Malaysia Unemployment Rate (August)

·       Indonesia Motorbike Sales (September)/ Car Sales (September)

Europe

Political/Social Events –

·       EU Justice and Home Affairs Council ministers will meet in Luxembourg through October 11.  They will discuss fighting child sexual abuse, Schengen, EU law enforcement IT systems, asylum and migration, and internal security.

·       EU President Ursula von der Leyen meets with Ms. Maia Sandu, President of Moldova, regarding joining the EU.

Economic Reports/Events –

·       Great Britain RICS House Price Balance (September)

·       Romania Balance of Trade (August)/ GDP Growth Rate Final Q2

·       Hungary Inflation Rate (September)

·       Slovakia Industrial Production (August)

·       Turkey Industrial Production (August)/ Unemployment Rate (August)/ Participation Rate (August)/ Foreign Exchange Reserves (October/04)

·       Italy Industrial Production (August)

·       Slovenia Industrial Production (August)

·       Greece Inflation Rate (September)

·       Ireland Inflation Rate (September)

·       Serbia Interest Rate Decision

·       Euro Area ECB Monetary Policy Meeting Accounts

·       Ukraine Inflation Rate (September)

·       Belarus Inflation Rate (September)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Saudi Arabia Industrial Production (August)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Gold Production (August)/ Mining Production (August)/ Manufacturing Production (August)

·       Egypt Inflation Rate (September)

·       Mozambique Inflation Rate (September)

Friday, October 11, 2024

Global

·       The Nobel Peace Prize winner is announced.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       The Chicago Federal Reserve Bank’s Community Bankers Symposium will be held in Chicago.  Chicago Fed President Austan Goolsbee will speak along with Federal Reserve Board Governor Michelle W. Bowman will give remarks on community banking at the Federal Reserve Bank of Chicago Community Bankers Symposium (Virtual).

·       Chicago Federal Reserve Bank President Austan Goolsbee gives opening remarks before the 18th Annual Community Bankers Symposium, “Community Banking: Navigating a Change Landscape" hosted by the Federal Reserve Bank of Chicago.

·       Dallas Federal Reserve Bank President Lorie Logan participates in panel before the Federal Home Loan Bank of Dallas Women in Financial Services Conference.

·       Mexico Industrial Production (August)

·       Canada Unemployment Rate (September)/ Participation Rate (September)/ BoC Business Outlook Survey

·       USA PPI (September)/ Michigan Consumer Sentiment Prel (October)/ Michigan Current Conditions Prel (October)/ WASDE Report/ Baker Hughes Total Rigs Count (October/11)

·       Colombia Consumer Confidence (September)

Asia

Political/Social Events –

·       Macao will hold a leadership election with just one candidate, former top court president Sam Hou-fai. Only the roughly 400 pro-Beijing members of an election committee are allowed to vote. Sam recently described the development of the casino industry, which powers Macao's economy, as "disorderly" and "barbaric.”

Economic Reports/Events –

·       New Zealand Business NZ PMI (September)/ Food Inflation (September)/ Visitor Arrivals (August)

·       Japan Reuters Tankan Index (October)/ Machine Tool Orders (September)

·       Philippines Foreign Direct Investment (July)

·       South Korea Interest Rate Decision

·       Malaysia Industrial Production (August)/ Retail Sales (August)

·       Kazakhstan Interest Rate Decision

·       India Foreign Exchange Reserves (October/04)/ Industrial Production (August)/ Manufacturing Production (August)

·       China Vehicle Sales (September)

Europe

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Germany Inflation Rate Final (September)/ Current Account (August)

·       Romania Inflation Rate (September)

·       Great Britain Goods Trade Balance (August)/ Balance of Trade (August)/ Construction Output (August)/ GDP (August)/ Industrial Production (August)/ Manufacturing Production (August)/ NIESR Monthly GDP Tracker (September)

·       Slovakia Construction Output (August)

·       Switzerland Consumer Confidence (September)

·       Turkey Current Account (August)/ Retail Sales (August)

·       Serbia Inflation Rate (September)

·       Russia Balance of Trade (August)/ Current Account Q3/ Inflation Rate (September)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Oman M2 Money Supply (August)/ Total Credit (August)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa SACCI Business Confidence (August)/ SACCI Business Confidence (September)

·       Angola Inflation Rate (September)

Saturday, October 12, 2024

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Europe

Political/Social Events –

·       Spain: National Day, aka Dia de la Hispanidad, commemorating the day in 1492 when Christopher Columbus caught sight of the New World. Includes annual military parade in Madrid.

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, October 13, 2024

Global

·       Nothing significant to report.

Americas

Political/Social Events –

·       President Biden travels to Angola for meetings through October 15 with Angolan President João Lourenço to discuss increased trade and climate collaboration.

Economic Reports/Events –

·       Nothing significant to report.

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       China PPI (September)/ Inflation Rate (September)/ Imports/ Exports/ Balance of Trade (September)/ New Yuan Loans (September)/ M2 Money Supply (September)/ Outstanding Loan Growth (September)/ Total Social Financing (September)

Europe

Political/Social Events –

·       Lithuania holds legislative elections.

Economic Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Consumer Confidence (September)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.