Global Economic Update

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Welcome (back to) work week.

Given the restrictions on going out this year, I am grateful that I have the ability to take a week of annual leave. For those who work in travel, tourism and hospitality, the question is whether this process will become easier and fast enough to avoid long-term scars. This week, we may learn a little bit about it.

The first is the airline.Now is not a good time to enter this industry, because Qantas with Air New Zealand There is no doubt that they will announce quarterly and full-year earnings separately. Given the concerns about climate change, the future does not look very bright either.

But hope to live forever in this department. This week, Gatwick Airport, the second largest airport in the UK- parefull Itself-will begin its expansion movement. It hopes that the government will support its plan to transform the second runway, which is currently only used for emergency situations, into a permanent facility to add 55,000 additional flights per year.

Another future indicator will come from consumer confidence data, first from the European Union, then Germany, France and Norway, as well as the quarterly GDP estimates for Germany and the United States. The British government will (hope) Improve clarity by updating its traffic signal system for foreign travel.

What is your opinion on the economic situation in the coming months?leave me a message [email protected].

company

One group worth cheering this week is Hays, the recruitment company announced its full-year earnings on Thursday.The employment rebound in the UK home market has always been The source of hope In the gloom of Covid-19, not only for this group but also for the economy as a whole, the expectations after Hayes are high Reported net expenses increased by 39% In the fourth quarter. Considering that consultants are paid on commission and need to be hired to service new contracts, attention will be focused on the cost of this business growth. During the pandemic, Hays reduced its cost base by 13%. The question now is whether it can do this.

Economic data

A set of key economic data released this week will be IHS Markit’s monthly Purchasing Managers Index report, covering France, Germany, the Eurozone, Japan, the United Kingdom and the United States. Although not official data, the international nature of PMI calculations makes it a useful tool for comparing the relative economic progress of these countries.

Finally, this is a plugin for this week’s Financial Times special event. You can discuss the fall of Afghanistan with reporters and guests from the Financial Times: What is the next step?Register FT subscriber Internet Conference Wednesday, August 25th, 3:30pm CET/2:30pm British Summer Time/9:30am US Eastern Time.

Major economic and company reports

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

on Monday

• European Union and European Commission release consumer confidence data

• France, Eurozone, Germany, Japan, United Kingdom, United States: IHS Markit Comprehensive Purchasing Managers Index (PMI) data

• UK, CBI Monthly Industry Trend Survey

• United Kingdom, National Bureau of Statistics Household Income, Expenditure and Wealth Data

Tuesday

• Germany, GDP growth data for the second quarter

• U.S. Department of Commerce Residential Sales Data for July

• State Street Bank Monthly Investor Confidence Index

• Results: Best Buy Q2, Polyus Q2, PureTech H1, Wood H1

Wednesday

Thursday

• German GfK Monthly Consumer Confidence Survey

• Nigeria, GDP data for the second quarter

• Russia, inflation outlook

• UK, the monthly automobile production data of the Association of Automobile Manufacturers and Traders

• U.K. and Bank of England capital issuance data

• U.S. Bureau of Economic Analysis second quarter GDP estimates

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

• Results: Air New Zealand FY, Bouygues H1, Brunello Cucinelli Q2, CRH H1, Dell Technologies Q2, Hays FY, HP Q3, Polymetal International H1, TCS Group Q2

Friday

• China and Hong Kong monthly real estate data

• Consumer confidence data from the French National Institute of Statistics and Economics

• Norway, monthly consumer confidence data

• Result: Lukoil Q2

World events

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

on Monday

• UK, deadline for the first dose of Covid-19 vaccine for all 16- and 17-year-olds in England

• 25th Anniversary of Bin Laden’s Declaration of War on the United States

Tuesday

• Opening of the 2020 Paralympic Games in Tokyo, Japan

• U.S. Vice President Kamala Harris embarks on a trip to Southeast Asia to visit Singapore to strengthen U.S. regional leadership

• In the United States, Casey Hochell became the first woman to lead New York State, and Andrew Cuomo stepped down

• UN Security Council meeting to discuss political and humanitarian issues in Syria

• The UN Human Rights Council will hold a special session on Afghanistan

Wednesday

• United Kingdom, International Beatles Week Music Festival opens in Liverpool

• UN Security Council debates Iraq mission and North Korea sanctions

Thursday

• In the United Kingdom, the results of the election of the new general secretary of the United Trade Union, the union is the largest single donor of the Labour Party

• UK, government foreign tourism traffic light system update

• UK Home Office releases immigration statistics

Friday

• United States, the annual Jackson Hole Economic Symposium for Central Bankers.Due to Covid-19 risk, it was downgraded to a one-day virtual event last week

• The Reading and Leeds Music Festivals in the United Kingdom begin. Both are sold out.