In the Western hemisphere as pressure grows on the embattled Socialist President of Venezuela the nations of Latin America joined by the United States under the umbrella of the Lima Group will be discussing means to restore democracy in the impoverish country and support the opposition.
US Vice President Mike Pence is en route to Bogota, Colombia where he is set to meet Venezuela’s self-declared Interim President Juan Guaido.
US President Donald Trump and North Korea’s Supreme Leader Kim Jong Un are meeting in the Vietnamese capital of Hanoi on Wednesday and Thursday for their second summit to reach a deal on denuclearisation of the Korean peninsula.
“I’m not in a rush. I don’t want to rush anybody,” Trump said over the weekend about his trip to Vietnam. “I just don’t want testing. As long as there’s no testing, we’re happy,” he added, signaling hopes for peace.
In Washington, meanwhile US House of Representatives will on Tuesday be voting on a Democratic sponsored bill aimed at canceling Trump’s declaration of a national emergency to acquire federal funds for the building of a wall across the Mexico border. The bill will also be restricting President’s executive powers.
China and the US will continue negotiations before the March 1 deadline strikes as the countries report progress in reaching a deal. Trump has already said he will not increase his threatened tariffs on $200 billion worth of Chinese imports.
UK Prime Minister Brexit Theresa May said during her trip to Egypt that she will continue “positive talks” with the European Union leaders this week. “As a result of that we won’t bring a meaningful vote to parliament this week, but we will ensure that happens by March 12,” she said.
On Wednesday, the Parliament will debate a bill that would give lawmakers the ability to seek an extension to the Article 50 and Britain’s exit process if no deal gets approved by March 13.
European officials meanwhile are working on options to delay Brexit by at least 2021.
Below are some macro-economic data that matter
Tuesday
UK Inflation Report Hearings, Prime Minister May Speaks
US Building Permits (December), US CB Consumer Confidence (February), US Fed Chair Powell Testifies
Wednesday
US ADP Nonfarm Employment Change (February), US Core Durable Goods Orders (January), US Fed Chair Powell Testifies, US Pending Home Sales (January), US Crude Oil Inventories
China Manufacturing PMI (February)
Canada Core CPI (January)
Thursday
US GDP (Q4), US Fed Chair Powell Speaks
China Caixin Manufacturing PMI (February)
Friday
Germany Manufacturing PMI (February), Germany Unemployment Change (February)
UK Manufacturing PMI (February)
Eurozone CPI (February)
Canada GDP (December)
US ISM Manufacturing PMI (February)
