The next week: give me results


Global Economic Update

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Hello and welcome to work week.

From the floods in China and Germany to the high temperatures in Canada and the northwestern states of the United States, climate change has been a major theme of the past season, with extreme weather conditions. The long-awaited and important report of the United Nations Intergovernmental Panel on Climate Change to be released on Monday will attract special attention from politicians and the media.

Will it convince skeptics? Maybe not.I was surprised to read Financial Times on Thursday The scientific community is still trying to connect the extreme weather that scares people all over the world with global warming. According to reports, although 18 of the 31 “vital signs” on the planet have reached record levels. This article Written by Chelsea Bruce-Lockhart of the Financial Times Data Journalism Team.

The Tokyo Olympics is over, But this will not prevent record-breaking results. This week will bring tears and celebrations to many British families, not because of injuries on the track or bicycle collisions at the velodrome, but because young people have achieved GCSE and A-level results in England, Wales and Northern Ireland, as well as national 4 and 5 years old and above in Scotland. This includes the Moules family. Two of our three children participated in the GCSE this year. This has caused concerns about performance inflation, especially for A-levels, Higher and Advanced Highers, because of their importance to ensuring university places. Expect more-although for those of us who are eager to show the best examples of our children’s achievements, the world looks different.

Thanks again to everyone who has contacted-in [email protected] — About the new format of this newsletter. If I did not reply to the letter this week, it is because I am taking a very necessary family vacation. This also means that there will be a break in the coming week. It will be back in two weeks.

company

The more traditional (corporate) performance season is coming to an end. The pursuit of entertainment and leisure is a theme, Walt Disney, TUI Travel and InterContinental Hotels earnings conference call.

Flutter, which reported numbers on Tuesday, has a serious epidemic, online gambling has surged, and people are trapped at home during the lockdown. Revenue in the first quarter increased by 32% compared to the same period in 2020, and its American brand FanDuel could easily become a market leader in most states where sports betting is now legal.However, a storm is coming, that is, Flutter and the Murdoch family’s Fox Corp. The value of FanDuel shares Fox will be entitled to purchase at “fair market value” in July.

Another company that has benefited from the lockdown is Deliveroo. Again, what is worrying is what will happen next. The London-based company has raised its growth forecast for this year and said last month that it expects customer spending on food delivery to increase by 60%. But as its struggle with Just Eat in the UK intensifies and regulatory pressure on the European continent increases, investors may worry about whether the loss will expand further.

Economic data

This week’s economic data is calmer than the recent ones, but it is dominated by inflation data from the United States and China. At the same time, the United Kingdom obtained the latest situation of the vaccine-driven rebound through preliminary data on the second quarter of GDP, retail sales data from the British Retail Association and housing data from the Royal Institution of Chartered Surveyors. The United States conducts a slight seasonal operation of government bond auctions on a quarterly basis.

Major economic and company reports

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

on Monday

  • China, monthly consumer and producer price index data

  • Germany, trade balance data

  • In the United Kingdom, Lord Rothermere’s deadline for submitting an official offer to the Daily Mail aims to Put it in private hands

  • Aramco H1, Barrick Gold Q2, BioNTech Q2, Hargreaves Lansdown FY

Tuesday

  • Abrdn H1, Flutter Entertainment H1, HelloFresh H1, InterContinental Hotels Q2, M&G H1, Munich Re H1, SoftBank Q1

Wednesday

  • Germany, consumer price index

  • Monthly traffic data for the United Kingdom and Heathrow Airport

  • United States, consumer price data

  • ABN AMRO Q2, Admiral Group H1, Ahold Delhaize Q2, Cathay Pacific H1, Deliveroo H1, eBay Q2, Eon H1, Prudential H1, Salzgitter H1, ThyssenKrupp Q3

Thursday

  • China, monthly crop supply and demand outlook

  • The European Union and Eurostat publish monthly industrial production data

  • India, monthly CPI and industrial production data

  • OPEC Monthly Oil Market Report

  • Monthly Residential Market Survey of the Royal Institution of Chartered Surveyors

  • United Kingdom, quarterly mortgage arrears and property report

  • UK, National Bureau of Statistics monthly and quarterly GDP estimates

  • UK, UK ONS construction output data

  • U.S. Department of Labor Bureau of Labor Statistics Producer Price Index

  • Aegon Q2, Aviva H1, Deutsche Telekom Q2, Foxconn Q2, Hapag-Lloyd H1, Henkel H1, MTN H1, RWE H1, Tui Travel Q3, Toshiba Q1, Walt Disney Q3, Zurich Insurance H1

Friday

  • France, preliminary employment data for the second quarter

  • France, Insee, National Bureau of Statistics, Monthly Inflation (CPI) rate

  • Japan, monthly producer price index data

  • Alrosa Q2, Rusal H1, Suzuki Q1

World events

Finally, here is a summary of other events and milestones this week.

on Monday

Tuesday

  • A-level results in the United Kingdom, England and Wales, as well as the results of 4s and 5s, higher and higher higher students in Scotland

Wednesday

  • Britain, the rescheduled Henry Regatta begins

  • America, Elvis Week starts at the late singer’s house, Memphis Graceland

Thursday

  • United Nations, International Youth Day

  • GCSE results announced for the United Kingdom, England, Wales and Northern Ireland

  • UK, “Glorious 12th”, at the beginning of the Grouse shooting season

Friday

  • Germany, the first game of the German professional football league Bundesliga this season

  • Spain, Spanish La Liga season kick-off

  • England, the Premier League starts the new season

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