Mon May 23 World Economic Forum in Davos. U.S. Supreme Court releases an order list. | Tue May 24 Biden at Quad summit with Japan, Australia and India in Tokyo. | Wed May 25 FOMC minutes. CFTC derivatives forum. | Thu May 26 Digital assets in the House. | Fri May 27 Basel Committee meets. Australia holds national elections on Saturday, with opinion polls showing Prime Minister Scott Morrison’s center-right Liberal National coalition government making up ground against Anthony Albanese’s opposition Labor Party. The World Economic Forum returns, the global leadership summit’s first in-person gathering in Davos, Switzerland, since the start of the pandemic. It comes at a time of massive geopolitical and economic challenges. In his first trip to Asia as U.S. president, Joe Biden joins Japanese Prime Minister Fumio Kishidain Tokyo Monday, followed by a Quad summit with Japan, Australia and India the next day. Biden also plans to unveil the Indo-Pacific Economic Framework at an event that will feature virtual appearances by other leaders from the region.
Security threat. The virtual Quadrilateral Security Dialogue (Quad) meeting on March 12. Photo: Kiyoshi Ota | Bloomberg Canada has joined its closest intelligence allies in banning Huawei and ZTE gear from fifth-generation wireless networks, citing a threat to national security. Firms that already have the Chinese equipment installed will have to remove it by the end of 2027. The ban will almost certainly stoke tensions between the two countries. Meanwhile, China’s top diplomat has again warned the U.S. over its support for Taiwan, saying that if the White House goes “further and further down the wrong road, it will certainly lead to a dangerous situation.” And “the Quad” — an informal group that brings together the U.S., Japan, India and Australia in an effort to counter China’s growing power — is gaining momentum in another blow to Beijing.
Mon May 16 Hedge funds’ 13F filings. EU Commission releases its spring economic forecast. | Tue May 17 75th annual Cannes Film Festival begins. | Wed May 18 G7 finmins and central bankers in Bonn. | Thu May 19 PRI/ISSB webinar. | Fri May 20 Biden begins four-day trip to South Korea, Japan. A slew of key Chinese economic data on Monday will show the impact of Covid lockdowns on the world’s second-biggest economy. The euro zone, U.K. and Canada release inflation figures on Wednesday, while Japan’s numbers are out Friday. Hedge funds have until Monday to disclose their U.S. equity investments for the first quarter. The 13F filings will show how fund managers positioned themselves as the war in Ukraine, rising interest rates, and price pressures roiled markets. Meanwhile, U.S. President Joe Biden kicks off a four-day trip to East Asia on Friday, stopping in South Korea before heading to Tokyo for a Quad summit with Japan, India and Australia. It’s the final week of campaigning before Australia’s May 21 national election.
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