The Global Week Ahead: November 27- December 4, 2022

This week, we will be watching closely something that is not on the global calendar: Growing protests across China where protestors are shouting, “Down with the Communist Party! Down with Xi Jinping!” These are unprecedented acts of civil disobedience in Communist China and are the result of growing draconian COVID lockdowns.  Markets will be asking: How long will Xi allow the protests in Shanghai, Beijing, and other major cities before instituting tough crack-downs? All this is going on as European Council President Charles Michel visits Beijing to help patch up increasingly rough relations between the EU and China. 

Meanwhile, French President Emmanuel Macron travels to Washington on Wednesday to meet with President Joe Biden. They are expected to discuss not only the state of the war in Ukraine but also growing US-EU tensions on everything from electric vehicle subsidies the US Congress recently approved in the Inflation Reduction Act to EU accusations the US is profiteering off the war.

On the global economic radar screen, markets will look at the US jobs report and the PCE inflation reading. Also, Fed Chair Jay Powell is giving a closely watched speech at the Brooking Institution on Wednesday, the same day the Fed publishes the Beige Book. In Europe, the CPI releases will be the significant focus, along with several speeches by ECB President Christine Lagarde. In Asia, China is expected to release PMIs and Japan has several important economic activity indicators being released. 

Here is what we are watching around the world this week.  Let us know if you have any questions or if you would like to be added anyone to our mailing list:

Sunday, November 27, 2022

Global

·       The First Day of Advent in the Gregorian Christian Calendar marking the start of the western church’s countdown to Christmas.

Americas

Political/Social Events –

·       Nothing of significance to report.

Economic Reports/Events –

·       Nothing of significance to report.

Asia

Political/Social Events –

·       Mongolia’s President Ukhnaagiin Khurelsuh will visit Beijing for meetings on mutual issues of concern.

·       Japan’s and the Philippines’ air forces will conduct unit-to-unit exchanges and training sessions through December 11th.

Economic Reports/Events –

·       China Industrial Profits (October)

Europe

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing of significance to report.

Middle East

Political/Social Events –

·       Nothing of significance to report.

Economic Reports/Events –

·       Israel Industrial Production (October)

Africa

Political/Social Events –

·       Nothing of significance to report.

Economic Reports/Events –

·       Nothing of significance to report.

Monday, November 28, 2022:

Global

·       The G-7 Justice Ministers will meet in Berlin, Germany. This is the first such meeting of justice ministers and Germany holds the G-7 presidency.

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

·       The UN Office of Counter-Terrorism will hold a virtual event entitled Safeguarding the Metaverse: Countering Terrorism and Preventing Violent Extremism in Digital Space,  

Americas

Political/Social Events –

·       The US Congress returns to work after taking last week off for Thanksgiving.  They will be working on a number of market-sensitive issues including raising the debt ceiling, passing the defense appropriations bill, and figuring out what to do with the US budget.

·       Argentina celebrates National Sovereignty Day.

·       “Cyber Monday” in the US, offering online retailers to off post-Thanksgiving holiday deals.

Economic Reports/Events –

·       New York Federal Reserve Bank President John Williams speaks at the Economic Club of New York.

·       US Dallas Fed Manufacturing Index (November)

·       Canada Current Account (Q3)

·       Brazil BCB Focus Market Readout, Bank Lending (October)

·       Mexico Balance of Trade (October)

Asia

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Bank of Japan Deputy Governor Amamiya Masayoshi to speak at the 2022 Autumn Annual Meeting of the Japan Society of Monetary Economics in Kobe, Japan.

·       Australia Retail Sales (October)

·       Hong Kong Balance of Trade/Exports/Imports (October)

Europe

Political/Social Events –

·       Russian President Vladimir Putin meets with Kazakhstan’s President Kassym-Jomart Tokayev in Moscow.  This is part of the Russia-Kazakhstan Interregional Cooperation Forum, which seeks greater economic cooperation between the two countries.  The leaders meet in the face of Kazakhstan, increasingly critical of Russia’s invasion of Ukraine.

·       NATO will hold their Exercise Cyber Coalition 22 (through December 2nd).  It is NATO’s largest training exercise and is aimed at training participants how to defend NATO and critical national networks.

·       The EU Foreign Affairs Council (Development) will meet in Brussels.  This will be a follow-up meeting to discuss the EU-African Union Summit held February 17-18.  They will also discuss Ukraine and Afghanistan.

·       The European Parliament Committee of Inquiry holds hearings tomorrow (November 29) investigating the use of Pegasus and equivalent surveillance spyware in the EU, particularly its use in Spain.

·       Greek Prime Minister Kyriakos Mitsotakis visits the UK for talks with UK Prime Minister Rishi Sunak.

·       UK Prime Minister addresses the Lord Mayor’s Banquet in London.  Traditionally, at this event, the Prime Minister focuses on foreign policy and where he/she sees it going.

·       The EU Education, Youth, Culture and Sport Council meets in Brussels to discuss the European Education Area in times of Russia’s War of aggression against Ukraine and other major issues.

·       EU President Ursula von der Leyen meets with Moussa Faki, Chair of the African Union Commission, and co-chairs with him the 11th Commission-to-Commission meeting between the EU and the African Union.

·       The GMB Scotland union (which serves in the Scottish Ambulance Service) begin a 26-hour strike for more pay.

·       Albania celebrates Independence Day.

Economic Reports/Events –

·       ECB President Christine Lagarde makes a (virtual) statement before the European Parliament’s Committee on Economic and Monetary Affairs in Brussels.  She will brief them on the current economic situation in the Eurozone, particularly with regard to inflation as a global challenge.

·       ECB Board Member Elizabeth McCaul participates in a panel on “How safe and inclusive are crypto payments?” at the Financial Times Live’s Crypto and Digital Assets Summit in London.

·       Eurozone Loans to Households (October), Loans to Companies (October)

·       UK CBI Distributive Trades (November)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Israel Composite Economic Index (October)

·       Saudi Arabia Private Bank Lending (October), M3 Money Supply (October)

Africa

Political/Social Events –

·       The Internet Governance Forum is held in Addis Ababa.  UN Secretary-General António Guterres and Ethiopian Prime Minister Abiy Ahmed will speak.

·       Mauritania celebrates its Independence Day.

Economic Reports/Events –

·       Ghana Interest Rate Decision (expected to be raised 150 bps to 26 percent)  

Tuesday, November 29, 2022:

Global

·       The UN Security Council holds a briefing on the situation in Syria.

·       The UN Peacekeeping Commission meets on the situation in Guinea-Bissau.

·       The UN will host a hybrid launch of the World Meteorological Organization (WMO) State of Global Water Resources report 2021.

·       Financial Times Global Banking Summit begins in London.  Leading global bank CEOs are expected to speak as well as key regulators.

Americas

Political/Social Events –

·       The United States and Russia are expected to begin new START nuclear talks in Egypt through December 6th.

Economic Reports/Events –

·       US Federal Reserve Board Governor Lisa Cook speaks at the Detroit Economic Club on “The Outlook for Monetary Policy and Observations on the Evolving Economy”

·       US Redbook (November), S&P/Case-Shiller Home Price (September), House Price Index (September), CB Consumer Confidence (November), CB Consumer Confidence (November), Dallas Fed Services Revenues Index (November)

·       Canada GDP (October)

·       Brazil PPIs (October)

·       Chile Unemployment Rate (October)

·       Mexico Unemployment Rate (October)

Asia

Political/Social Events –

·       Laos’ President Thongloun Sisoulith makes an official visit to China and meetings with President Xi Jinping.  Laos is one of the least developed countries in Southeast Asia and highly dependent on China for trade – it is estimated 65 percent of its GDP is debt exposure to China.

Economic Reports/Events –

·       Japan Unemployment Figures (October), Retail Sales (October)

·       Singapore Export Prices (October), Import Prices (October), PPIs (October)

·       Vietnam Balance of Trade (November), Industrial Production (November), Inflation Rate (November), Retail Sales (November), Tourist Arrivals (November)

·       Taiwan GDP (Q3)

Europe

Political/Social Events –

·       The foreign ministers of NATO’s North Atlantic Council will meet in Bucharest to discuss the Ukraine War.  They will also discuss how best to implement commitments each of the countries made in their June meetings as well as the progress of gaining full membership of Sweden and Finland into NATO.

·       The EU-Organization of African, Caribbean and Pacific States (OACPS) ministerial meeting is held in Brussels.  They will discuss trade, economic and financial cooperation.

Economic Reports/Events –

·       Bank of England Governor Andrew Bailey gives evidence to the Lords Economic Affairs Committee.

·       ECB Board Member Luis de Guindos offers opening remarks (virtually) at XIII Encuentro Financiero organized by Expansión.

·       ECB Board Member Isabel Schnabel gives the Keynote speech on “Preisdynamik und Zinswende” followed by a discussion at a conference organized by IG Metall in Frankfurt, Germany.

·       Bank of England’s Catherine Mann speaks (virtually) as a panelist at The Conference Board's Navigating the Economic Storm, ‘Policy solutions: fiscal and monetary”

·       Eurozone Economic Sentiment (November), Industrial Sentiment (November), Selling Price Expectations (November), Services Sentiment (November), Consumer Sentiment (November), Consumer Confidence (November), Consumer Inflation Expectations (November)

·       Germany Inflation Rate (November), North Rhine Westphalia CPIs (November), Baden Wuerttemberg CPIs (November), Bavaria CPIs (November), Brandenburg CPIs (November), Hesse CPIs (November), Saxony CPIs (November)

·       Italy Industrial Sales (September), PPIs (October)

·       UK BoE Consumer Credit (October), Mortgage Lending (October), Net Lending to Individuals (October)

·       Spain Inflation Rate (November), CPI (November), Harmonized Inflation Rate (November), GDP Growth (Q3), Business Confidence (November)

·       Switzerland GDP (Q3)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Turkey Economic Confidence Index (November), Balance of Trade/Exports/Imports (October)

·       Iran Inflation Rate (October)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Private Sector Credit (October), M3 Money Supply (October), Unemployment Rate (Q3)

·       Lesotho’s Interest Rate Decision 

Wednesday, November 30, 2022: 

Global

·       The UN Peacekeeping Commission will hold an ambassadorial-level follow-up meeting to Monday’s meeting on the situation in Burundi.

·       the UN’s International Labor Organization (ILO) is expected to release its Global Wage Report for 2022/2023.

Americas

Political/Social Events –

·       French President Emmanuel Macron will visit Washington DC for meetings with President Biden.  They will discuss a full slate of issues ranging from the Ukraine War to China to emerging US-EU trade tension over electric car subsidies.  He will be in Washington through December 1st.

·       The US Senate Banking Committee will hold a nomination hearing for Martin Gruenberg for the role of Chairman of the Federal Deposit Insurance Corporation (FDIC).  This will likely be a heated event as Republican Senators are angry over Gruenberg’s role in ousting the last chair, Jelena McWilliams. The hearing will also give insights into the Biden Administration’s financial regulatory agenda for the next two years.

·       The House of Representatives Democratic Leadership elections are to be held.  Representative Hakeem Jeffries (D-NY) is expected to be elected Minority Leader, replacing Speaker Nancy Pelosi (D-CA) who announced she was stepping back from a leadership role.

·       President Biden hosts the lighting of the National Christmas Tree in Washington, DC.

·       Barbados celebrates Independence Day.

·       Economic Reports/Events –

·       US Federal Reserve Board Chair Jay Powell speaks at the Brookings Institution in Washington DC on the “Economic Outlook, Inflation, and the Labor Market.”

·       US Federal Reserve Board Governor Michelle Bowman speaks (virtually) at the KBW CEO Strategy Forum.

·       US GDP (Q3), Fed Beige Book released, JOLTS Figures (October), ADP Employment Change (November), Goods Trade Balance (October), Retail Inventories Ex-Autos (October), PCE Prices (Q3), Real Consumer Spending (Q3),  Corporate Profits (Q3), MBA Mortgage Indexes (November), Pending Home Sales (October)

·       Brazil Unemployment Rate (October), Nominal Budget Balance (October)

·       Chile Copper Production (October), Industrial Production (October), Manufacturing Production (October), Retail Sales (October)

·       Colombia Unemployment Rate (October)

·       Uruguay Balance of Trade (October)

·       Mexico Fiscal Balance (October)

Asia

Political/Social Events –

·       Ispace – a Japanese space start-up – will have its moon lander launched by a SpaceX Falcon 9 from Cape Canaveral in Japan.   The lander carries small lunar rovers from the UAE and Japan.

Economic Reports/Events –

·       China NBS Manufacturing PMI (November), NBS Non-Manufacturing PMI (November), NBS General PMI (November)

·       India GDP (Q3), Infrastructure Output (October), Government Budget Value (October)

·       Singapore Bank Lending (October)

·       Thailand Interest Rate Decision, Private Consumption (October), Industrial Production (October), Current Account (October), Coincident Report (October), Retail Sales (October)

·       South Korea Construction Output (October), Industrial Production (October), Manufacturing Production (October), Retail Sales (October)

·       Japan Industrial Production (October), Housing Starts (October), Construction Orders (October)

·       Australia Construction Work Done (Q3), Monthly CPI Indicator (October), Building Permits (October), Private House Approvals (October), Private Sector Credit (October), CoreLogic Dwelling Prices (November)

·       Sri Lanka Inflation Rate (November)

Europe

Political/Social Events –

·       The Organization for Security and Cooperation in Europe (OSCE) foreign ministers meet in Lodz, Poland.

·       NATO Secretary General Jens Stoltenberg addresses the Berlin Security Conference.

·       The UK’s Royal Mail staff go on strike through Thursday.

·       St. Andrew’s Day, a public holiday in Scotland.

Economic Reports/Events –

·       ECB’s Non-Monetary Policy Meeting in Frankfurt, Germany.

·       Bank of England’s Huw Pill speaks (virtually) at  Speech at the Institute of Chartered Accountants in England and Wales Economic Summit

·       Eurozone Inflation Rate (November), CPI (November)

·       Germany Unemployment Rate (October), Import Prices (October)

·       France Inflation Rate (November), GDP (Q3), Household Consumption (October), PPIs (October)

·       Italy GDP (Q3), Inflation Rate Figures (November), CPI (November)

·       Spain Retail Sales (October), Current Account (September)

·       Hungary PPIs (October)

·       Switzerland KOF Leading Indicators (November), Economic Sentiment Index (November)

·       Poland GDP (Q3)

·       Russia GDP (October), Unemployment Rate (October), Real Wage Growth (September), Business Confidence (November), Retail Sales (October), M2 Money Supply (October)

·       Ukraine Current Account (October)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Turkey GDP (Q3)

·       Egypt M2 Money Supply (October)

·       Qatar Total Credit Growth (November), M2 Money Supply (November)

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       South Africa Balance of Trade (October)

·       Nigeria FX Reserves (November)

·       Kenya Inflation Rate (November)

·       Mozambique Interest Rate Decision

Thursday, December 1, 2022:

Global

·       India assumes the presidency of the G20.

·       India assumes the presidency of the UN Security Council.

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

Americas

Political/Social Events –

·       Democratic Party leaders begin three days of meetings to figure out the orders of states voting in the 2024 presidential primaries.  The debate is over whether Nevada or New Hampshire will go first and will Michigan or Minnesota will replace Iowa in the order.

Economic Reports/Events –

·       US Federal Reserve Board Vice Chair Michael Barr speaks (virtually) at the American Enterprise Institute on bank capital.

·       US Challenger Job Cuts (November), Personal Income (October), PCE Price Index (October), Initial Jobless Claims (November), Core PCE Price Index (October), S&P Global Manufacturing PMI (November), ISM Manufacturing PMI/Manufacturing Employment PMI/Manufacturing New Orders/Manufacturing Prices (November), Construction Spending (October),

·       Brazil GDP (Q3), S&P Global Manufacturing PMI (November), Balance of Trade (November)

·       Canada Labor Productivity (Q3), S&P Global Manufacturing PMI (November)

·       Mexico Business Confidence (November), S&P Global Manufacturing PMI (November)

·       Colombia Davivienda Manufacturing PMI (November)

·       Chile IMACEC Economic Activity (October)

·       Peru Inflation Rate (November)

Asia

Political/Social Events –

·       The trial of Hong Kong media tycoon Jimmy Lai begins in Hong Kong.  He is charged with conspiring to collude with foreign forces under tough new national security laws imposed by Beijing.

Economic Reports Events –

·       Bank of Japan Governor Haruhiko Kuroda will give a virtual address to the Asian Development Bank Institute as part of the Institute’s Conference entitled 25th Anniversary Celebration: Strategies for Developing Asia’s Future.

·       Bank of Japan Board Member Noguichi Asahi to give remarks at a meeting with local leaders in Akita, Japan.

·       China Caixin Manufacturing PMI (November)

·       India S&P Global Manufacturing PMI (November)

·       South Korea GDP (Q3), Balance of Trade/Exports/Imports (November), S&P Global Manufacturing PMI (November)

·       Japan Capital Spending (Q3), Jibun Bank Manufacturing PMI (November), Consumer Confidence (November)

·       Hong Kong Retail Sales (October)

·       Indonesia S&P Global Manufacturing PMI (November), Inflation Rate (November), Tourist Arrivals (October)

· Australia's Balance of Trade (November), Building Capital Expenditures (Q3), Plant Machinery Capital Expenditures (November), Private Capital Expenditures (Q3), Commodity Prices (November)

·       Taiwan S&P Global Manufacturing PMI (November)

·       Philippines S&P Global Manufacturing PMI (November)

·       Thailand S&P Global Manufacturing PMI (November), Business Confidence (November)

·       Vietnam S&P Global Manufacturing PMI (November)

·       Pakistan Inflation Rate (November), Wholesale Prices (October)

Europe

Political/Social Events –

·       European Council President Charles Michel will travel to Beijing for meetings with Chinese President Xi Jinping.  Michel, representing the leaders of the EU’s 27 members, will discuss the future of the EU-China relationship.  It is the first time Michel has traveled officially to China and comes as increasing tensions over trade and human rights are leading many EU countries to reconsider their relationship with China.

·       The EU Competitiveness Council (Internal Market and Industry) meet in Brussels.  They will discuss cars, household appliances, and electronics and the impact of geostrategic and value chain disruptions.

·       European Commission President Ursula von der Leyen travels to Dublin to help celebrate Ireland’s 50th anniversary of EU membership. Von der Leyen will address a rare joint session of the houses of parliament.

·       Portugal celebrates Independence Day.

·       Romania celebrates Independence Day.

·       London sees the lighting of the Norwegian Christmas Tree in Trafalgar Square.

Economic Reports/Events –

·       ECB General Council Meeting in Frankfurt, Germany.

·       ECB Board Member Andrea Enria offers an introductory statement before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels. 

·       ECB Board Member Philip R. Lane gives the  Keynote speech at the Annual Banque de France / EUI conference in Florence, Italy. 

·       ECB Board Member Frank Elderson at Lustrum Symposium organized by Vereniging voor Financieel Recht in Amsterdam, Sweden.

·       Eurozone S&P Global Manufacturing PMI (November), Unemployment Rate (November)

·       Germany Retail Sales (October), S&P Global Manufacturing PMI (November)

·       France S&P Global Manufacturing PMI (November)

·       UK Nationwide Housing Prices (November), S&P Global/CIPS Manufacturing PMI (November)

·       Switzerland Retail Sales (October), Inflation Rate (October), CPI (November), procure.ch Manufacturing PMI (November)

·       Italy S&P Global Manufacturing PMI (November), Unemployment Rate (October)

·       Hungary Balance of Trade (Q3), GDP (Q3), HALPIM Manufacturing PMI (November)

·       Poland S&P Global Manufacturing PMI (November)

·       Spain S&P Global Manufacturing PMI (November)

·       Russia S&P Global Manufacturing PMI (November), Corporate Profits (September)

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Turkey Istanbul Chamber of Industry Manufacturing PMI (November), MPC Meeting Summary

Africa

Political/Social Events –

·       Mozambique’s Supreme Court to deliver ruling in hidden-debt trial.

·       The Central African Republic celebrates Republic Day.

·       Chad celebrates Freedom and Democracy Day.

Economic Reports/Events –

·       Nigeria Stanbic IBTC Bank Nigeria PMI (November)

·       South Africa ABSA Manufacturing PMI (November), total New Vehicle Sales (November)

Friday, December 2, 2022: 

Global

·       Release of the UN’s Food and Agriculture Organization (FAO) Food Price Index (November)

Americas

Political/Social Events –

·       The Northrop Grumman Company and the US Air Force are expected to unveil the new B-21 Raider Stealth Bomber, the most advanced plane in the world.

Economic Reports/Events –

·       US Non-Farm Payrolls (November), Unemployment Rate (November)

·       Canada Unemployment Figures (November)

·       Brazil IPC-FIPE Inflation Figures (November)

·       Mexico FX Reserves (October)

·       Peru Balance of Trade (October), Inflation Rate (November)

·       Argentina Tax Revenue Estimates (December)

Asia

Political/Social Events –

·       The ASEAN+3 Economic Cooperation and Financial Stability Forum is held in Phnom Penh, Cambodia. This year’s agenda will focus on sustainability and regional economic and financial developments with keynote speeches by China’s Finance Minister Liu Kun and Bank of Japan Governor Harukiko Kuroda as well as Ms. Sri Mulyani Indrawati, Finance Minister, Indonesia Ministry of Finance and Arkhom Termpittayapaisith, Finance Minister, Thailand Ministry of Finance.

·       The Bank of Thailand co-hosts a forum with the Bank for International Settlements. Among the expected speakers are Bank of China Governor Yi Gang, ECB President Christine Lagarde, BIS Chief Agustin Carstens, and Singapore Central Bank Chief Ravi Menon. 

·       Laos celebrates National Day.

Economic Reports/Events –

·       India FX Reserves (November), Deposit Growth (November), Bank Loan Growth (November)

·       South Korea Inflation Rate (November), CPI (November)

·       Australia Reserve Bank Governor Lowe Philip Lowe to participate in the Bank of Thailand’s 80th Anniversary Conference in Bangkok, Thailand.

·       Australia Retail Sales (October), Home Loans (October), Investment Lending to Homes (October)

·       Philippines PPI (October)

·       Thailand Consumer Confidence (November), CPI (November), Inflation Figures (November)

·       Singapore Retail Sales (October), SIPMM Manufacturing PMI (November)

·       Pakistan Consumer Confidence (November)

Europe

Political/Social Events –

·       The EU Competitiveness Council (Research and Space) meet in Brussels.  They will discuss research infrastructures and the New European Innovation Agenda.

Economic Reports/Events –

·       ECB President Christine Lagarde participates in a panel session, "Growth and Inflation Dynamics," at Bank of Thailand's 80th Anniversary Conference, "Central banking amidst shifting ground," jointly organized with the Bank for International Settlements in Bangkok, Thailand. 

·       ECB Board Member Luis de Guindos gives the closing speech at an event organized by OK Diario in Madrid, Spain.

·       Eurozone PPIs (October)

·       Germany Exports/Imports/Balance of Trade (October), S&P Global Composite PMI (November)

·       France Industrial Production (October), Budget Balance (October)

·       Spain Unemployment Figures (November), Tourist Arrivals (October)

Middle East

Political/Social Events –

·       The UAE celebrates National Day, a public holiday.

Economic Reports/Events –

·       Nothing significant to report.

Africa:

Political/Social Events –

·       Nigeria’s Supreme Court to hold hearings into oil spills case involving Shell.

Economic Reports/Events –

·       Nothing significant to report.

Saturday, December 3, 2022:

Global

·       Today is the 30th anniversary of the first short message service (SMS) being sent over a mobile phone.

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 –

·       Nothing significant to report.

Economic Reports/Events –

·       ECB President Christine Lagarde chairs a roundtable discussion on "The global dimensions of policy normalization" at Bank of Thailand's 80th Anniversary Conference "Central banking amidst shifting ground" jointly organized with the Bank for International Settlements in Bangkok, Thailand. 

·       France S&P Global Services PMI (November)

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, December 4, 2022:

Global

·       The 33rd OPEC+ Ministerial Meeting is to be held in Vienna, Austria.

·       Today is “National Francis Day,”  celebrating all of us named Francis.

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 –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Middle East

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.

Africa

Political/Social Events –

·       Nothing significant to report.

Economic Reports/Events –

·       Nothing significant to report.