Global Economic Update

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Hello and welcome to work week.

You may be wondering why this newsletter has little to say about Afghanistan, the biggest news story so far this summer. This is not because of lack of interest, but the point of The Week Ahead is to let you know the news diary-what has been written into someone’s calendar.

This week, the US President’s diary wrote about things related to Afghanistan. Use a thick marker: The deadline for the withdrawal of American troops (and all other Allied soldiers’ agents) will come on Tuesday.My colleague Ed Luce’s analysis of the president’s situation may best summarize the president’s situation. Is this Biden’s Jimmy Carter moment.

most British schools And Israel started the fall semester on Wednesday-Scottish schools resumed earlier this month-so look forward to more analysis of the impact of this on the Covid-19 case.

Tuesday will be the 24th anniversary of the death of Diana, Princess of Wales.It’s nothing worth noting, it’s just a report that should be cursed BBC 1995 panoramic interview The deceased mother with the second in line in the UK is still relatively new Spencer, A highly sought after film about her marriage to Prince Charles, will be screened at the Venice Film Festival this week.

Thanks to everyone who provided support and advice for this column-please let them continue to pay attention [email protected]One request is a work that I have particularly liked in the past 7 days, and there is no competition this week: it must be my colleague Robert Armstrong’s The death of the office suit. This is a subject close to my heart/closet, I think it’s not easy to wear casual clothes-as Rob and other colleagues will attest-but when I write this article, wearing jeans and Oxford shirts, I admit that we have entered a new era of work and leisure.

company

In a week of relatively quiet company performance, the pandemic “winner” Zoom Video Communications stood out not because of its size, but its role as a potential indicator of future work.

This San Francisco-based startup is the darling of the blockade. The question is what happens to this service once the employer no longer needs to hold meetings at the desk in the child’s bedroom.

Zoom responds to changing events by installing a video conferencing suite “Zoom Rooms” in the office. Last month, it acquired Five9 to gain a foothold in the $24 billion cloud-based call center service market—— You can read what Lex in the Financial Times said about the deal here.

Turnround expert Melrose reported half-year results, which may provide some insights into the global semiconductor shortage in the automotive industry. Its largest department is automobiles.

Another problem that Melrose faces is its aviation business, which relies heavily on commercial air travel.

Economic data

This week the Eurozone will release a lot of economic data: inflation data on Tuesday, unemployment data on Wednesday, and retail sales data on Friday.

British interest in the value of their property will depend on data on how house prices change after the stamp duty holiday is cancelled.

It is also worth highlighting the monthly expenditure data released by the Bank of England this week, which should show whether consumers continue to accumulate savings or decide to squander cash during the pandemic lockdown.

Major economic and company reports

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

on Monday

• Eurozone consumer confidence data

• Preliminary Consumer Price Index

• Japan, monthly retail sales data

• Results: Bank of China H1, Zoom Video Communications Q2

Tuesday

• Canada, monthly GDP data

• The European Union and Eurostat announce Eurozone inflation data

• France, Italy: GDP growth rate data for the second quarter

• Monthly labor market data of the German Federal Employment Institute

• India, monthly GDP data

• Japan, monthly employment rate; industrial production data

• UK, Bank of England monthly mortgage and consumer credit data

• United Kingdom, British Retail Association Monthly Economic Bulletin

• In the United Kingdom, the Debt Management Office detailed plans to sell government bonds, including the first sale of green gilt bonds

• United States, Consultative Council Consumer Confidence Data

• United States, Federal Housing Finance Agency House Price Index

• Results: Bunzl H1, Norwegian Air Q2, Old Mutual H1

Wednesday

• Brazil, monthly GDP data

• Canada, China, Italy, Eurozone, France, Germany, Japan, United Kingdom, United States: IHS Markit/Cips Manufacturing Purchasing Managers Index Announcement

• Unemployment data from the European Union and Eurostat

• Retail trade data from the Federal Statistical Office of Germany

• Italy, Istat unemployment data

• UK, national house price data

• United States, construction expenditure data

• United States, Supply Management Association Manufacturing Index

• Result: Melrose Industries H1, Pernod Ricard FY

Thursday

• Industrial production data of the European Union and Eurostat

• UK, National Monthly Housing Index

• U.S. Census Bureau Motor Vehicle Sales Data

• Results: Barratt Developments FY, Melrose Industries H1, Truworths International FY

Friday

• Retail trade data of the European Union and Eurostat

• China, Eurozone, France, Germany, India, Italy, Japan, United Kingdom, United States: IHS/Markit Service Industry Purchasing Managers Index

• Turkey, CPI data

• International reserves officially held by the United Kingdom and the Bank of England

• United Kingdom, FTSE UK Index Series Quarterly Review

• United States, average weekly income

• United States, monthly unemployment data

• United States, non-agricultural employment, monthly change

World events

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

on Monday

• Germany, European Central Bank holds annual research conference online

• United Kingdom, August bank holiday, except Scotland, the entire United Kingdom public holiday.

• In the United Kingdom, the latest changes to the Covid travel restrictions in the United Kingdom take effect. Canada and Denmark are among the seven countries on the green list. Thailand and Montenegro have joined the red list.

• United States, the first day of the US Open at Flushing Meadows, New York

• President Zelensky of the United States and Ukraine meets with Biden at the White House

Tuesday

• Afghanistan, the deadline for U.S. withdrawal

• United Kingdom, Scottish Parliament returns from summer recess

• UK, 24th anniversary of the death of Diana, Princess of Wales

Wednesday

• Austria, the 20th OPEC and non-OPEC ministerial meeting held

• Opening of the Venice International Film Festival, Italy

• Russia, the census begins

• UK, deadline for telecommunications companies to stop installing Huawei equipment on UK 5G networks

• United Kingdom, Israel: Most schools return from summer vacation

• Britain, the partridge shooting season begins

Thursday

• China International Trade in Services Expo opens in Beijing

• UK, Green Party Leaders Election Voting Started

Friday

• China Fashion Week opens in Beijing

• Opening of the Berlin International Beer Festival in Germany