Let’s take a break | Financial Times


Global Economic Update

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Welcome to work week, that is, if you are still at your desk.

The holiday season is in full swing in the northern hemisphere, or at least it should be. Did you feel it?

Unlocking travel will be the theme of the next 7 days, which in turn will raise concerns about the government’s stockpiling of the increase in Covid-19 infections later this year.

Starting at 4 a.m. on Monday, the UK will Accept travelers from the European Union and the U.S. Who was double stabbed. International cruise ships will also be able to restart from British ports after a 16-month break.

The travel and tourism business is a mess, although as the Financial Times economic reporter Delphine Strauss pointed out last week, the domestic holiday market has Enjoy a good harvest year Thanks to the British for accepting “staycation”-I hate this word.Maybe some people will be attracted Edinburgh Edge, Returning to the streets of Auld Reekie on Friday after last year’s online-only event-for those unable to attend, you can still watch the online event on the comfort of your laptop.

In the United States, the annual National Night Out, a community-building event, is of particular importance to the US hotel industry, which is eager to see a full reopening of the economy. On the corporate side, Marriott announced its second-quarter earnings on Tuesday and has some understanding of how the hotel industry has responded.

However, the path to escape from the pandemic is not linear. After the increase in Covid-19 cases, Sydney has been under a stay-at-home order since late June, and the presence of the police and military is increasing.

If you need a boost, there will always be a press conference from the Financial Times in the Tokyo Olympics Cover action.

In the joy of winning medals-see Another view of FT on this is here -Japan will also be the focus of thought this week: Friday is the 76th anniversary of the drop of the nuclear bomb on Hiroshima.

Thanks to everyone who sent the email-To [email protected] -Comments for the coming week. We are listening to your suggestions, including adjustments to the presentation of the company’s earnings below, hoping to make them easier to digest.

company

This is the week of the insurance earnings report.French insurance company Axa hopes to resolve a fierce dispute with the hotel industry over pandemic claims after offering a settlement to restaurant owners in its domestic market in June, which is expected to cost the group about 300 million euros.

But due to legal disputes in progress Due to the business interruption claims caused by the pandemic, many insurance companies’ Covid-related bills are still uncertain, so Axa will pay close attention to its second-quarter earnings on Monday.The insurance company’s management can also provide more details Ransomware attack The British “Financial Times” disclosed its Asian business in May.

Hiscox, a London-listed insurance company, announced its half-year results on Tuesday.After the group experienced a severe pandemic, the group was forced to pay for a series of business interruption policies after an industry-wide test case. Announce In July, long-term CEO Bronek Masojada will leave the underwriters.

Direct Line, an insurance company listed in London, also issued a report on Tuesday before large regulators. Reorganization Prices in the UK car and home insurance market. For auto insurance companies, this is a turbulent period, especially after the pandemic’s driving decline has reduced claims and subsequently lowered prices. More and more cars are returning to the road.

The impact of Covid on automobiles is also worthy of attention from the general insurance department of Generali, Italy’s largest insurance company, which also announced half-year results on Tuesday. Allianz, Europe’s largest insurance company, released a report on Friday that may provide more information about Germany’s claims due to the devastating floods in July, which is expected to result in more than 500 million euros in compensation.

The good news is likely to come from the coronavirus vaccine manufacturer Moderna, if data from competitors last week Pfizer and AstraZeneca What to go for.

Economic data

The surge in purchasing managers’ index (PMI) data in the manufacturing and service industries in July this week will provide further insights into the health of the economy recovering from the Covid-19 recession.

Major economic and company reports

Below is a more complete list of company reports and economic data this week.

on Monday

  • China, Eurozone, France, Germany, India, Japan, United Kingdom: Manufacturing Purchasing Managers Index Data

  • United States, construction expenditure data

  • AXA H1, Ferrari Q1, Heineken H1, HSBC H1, Mitsubishi UFJ Financial Group Q1

Tuesday

  • Australia, the Reserve Bank of Australia will hold monthly meetings

  • Canada, Markit Manufacturing Purchasing Managers Index Data

  • U.S. Census Bureau releases monthly motor vehicle sales data

  • UK National Bureau of Statistics releases quarterly GDP data

  • Assicurazioni Generali H1, Bank of Ireland Q2, BMW H1, BP Q2 ConocoPhillips Q2, Direct Line Insurance Q2, Domino’s Pizza Q2, Eli Lilly & Co Q2, Generali H1, Greggs H1, Hiscox H1, Infineon Technology Q3, Japan Airlines Q1 , Lyft Q2, Marriott International Q2, Nippon Steel and Sumitomo Metal Corporation Q1, Prudential Financial Q2, Ralph Lauren Q2, Societe Generale Q2, Standard Chartered Bank H1, Stellatis H1

Wednesday

  • China, Eurozone, France, Germany, India, Japan, United Kingdom, United States: Service Industry Purchasing Managers Index Data

  • The European Union and Eurostat publish monthly retail trade data

  • Italy, monthly retail sales data

  • United Kingdom, Bank of England announces official holdings of international reserves

  • U.S., ADP employment

  • Union Bank of Ireland H1, Commerzbank Q2, General Motors Q2, Honda Q1, Hugo Boss Q2, Kraft Heinz Q2, Legal & General H1, Next Q2 Transaction Statement, SoftBank Q1, Sony, Q1 Taylor Wimpey H1, Toyota Q1 Uber Technology Q2, Western Union Q2

Thursday

  • Eurozone, European Central Bank release economic bulletins

  • France, industrial production data

  • Germany, monthly manufacturer (factory) order data released

  • Germany, IHS Markit Construction Purchasing Managers Index

  • In the United Kingdom, the Bank of England holds the next Monetary Policy Committee interest rate meeting

  • UK, new car registration data for the Association of Automobile Manufacturers and Traders

  • United Kingdom, IHS Markit/Cips Construction Industry Purchasing Managers Index

  • U.S. Department of Commerce releases monthly international trade data

  • United States, the number of people applying for unemployment benefits for the first time

  • Deco Q2, Adidas H1, AIG Q2, Bayer H1, Bombardier Q2, CBS Q2, Continental H1, Crédit Agricole Q2, Glencore H1 Production Report, Hammerson H1, Investec AGM, Kellogg’s Q2, Lufthansa Q2, Moderna Q2, Mondi H1, Nintendo Q1, Novo Nordisk Q2, Pirelli Q2, Rolls Royce H1, Serco H1, Siemens Q3, Swisscom H1, Thomson Reuters Q2, Viacom Q2, WPP H1

Friday

  • Canada, monthly unemployment rate

  • France, monthly trade balance data

  • Germany, industrial production data

  • UK, Halifax monthly and annual house price index

  • In the United Kingdom, the British Retail Association released the BRC-ShopperTrak passenger flow monitor

  • U.S., Federal Reserve consumer installment credit data

  • U.S. non-agricultural employment data

  • United States, Monthly Unemployment Statistics

  • Allianz Q2, AP Moller Maersk Q2, Capita H1, ING Q2, NTT Q1, RTL Q2, TripAdvisor Q2

World events

Below is a summary of other events and milestones this week.

on Monday

  • U.S. Senate meets in Washington

  • The United Kingdom, the United Kingdom allows fully vaccinated travelers from the United States and the European Union to arrive without isolation

Tuesday

  • US, National night, An annual community building event to promote better relations with local police forces, held in most states in the United States

  • India, Krishna Janmashtami festival, marking the birth of the Hindu god Krishna

Wednesday

  • United Kingdom, Playday, an annual celebration of children’s rights to play

  • The US, Illinois holds Barack Obama Day to commemorate the 44th President’s birthday

Thursday

Friday

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