Rewriting Chinese History | Financial Times


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Hello and welcome to work week.

The Communist Party of China is preparing to do what it has done only three times in its history when it convenes the sixth and penultimate plenary meeting of its five-year term on Monday. It echoes the dark days of China’s past.

The only advertising item on the four-day meeting agenda was the resolution on “The Party’s Important Achievements and Historical Experience in the One Hundred Years of Struggle”-a measure taken by Deng Xiaoping in 1981 and Mao Zedong in 1945. The first “historical resolution” condemned those who disagree with Mao and paved the way for him to become the only leader.

This week’s vote will pass, clearing the way for the current president, Xi Jinping, And strive to win an unprecedented third term at the 20th Congress of the Communist Party of China next year.China is now experiencing a New control revolution.

This is the anniversary of the week-most notably the end of the First World War and the fall of the Berlin Wall.Both of these resonate with Germany, which is Merkel considering its future.

However, it reminds us all why we need to know where we come from and look forward to events.

company

This week’s results include two British high street brands. First, we have Marks and Spencer, which is making the latest, generally agreed, and most far-reaching reversal effort.In the past 30 years, M&S’s profit escalation is almost uncommon, so even Acknowledgement in August The full-year profit will be at the high end of the forecast enough to trigger a rise in stock prices. They have now doubled since the pandemic last year.

Investors will look for evidence this week that the changes it is implementing are producing lasting results. The concerns of the entire industry, such as supply chain cost pressure- this By the way, Tim Harford has done a good job on this topic-the prospect of deteriorating family finances will also be the focus of attention. Analysts currently expect revenue of approximately £5 billion for the six months to September and operating profit of £350 million.

Lifting the blockade is of vital importance to United Foods. In the last year before the pandemic, two-thirds of ABF’s annual operating profit came from clothing, in the form of low-cost fashion retailer Primark.

In the year to September, after the lockdown forced its 380 stores in Europe and the United States to close for a long time, analysts expect it to easily be less than half of the group’s total.but Strong store transactions When they open up, investors will want to be assured, and this is still the case.

Another earnings announcement that deserves attention is the Anglo-Swiss drugmaker AstraZeneca on Friday, especially after Pfizer last week. Raise revenue expectations Its Covid-19 vaccine increased to 36 billion U.S. dollars in a bullish performance statement.

Investors want AstraZeneca to clarify whether it plans to sell its Covid vaccine after the pandemic is over-the vaccine has not yet been approved The world’s largest pharmaceutical market.

But AstraZeneca makes money through other products—especially cancer treatments—and analysts expect sales and earnings per share to increase over the third quarter of last year.

Economic data

This week’s economic timeline features inflation data from the United States and China, Japan has GDP data, and so does the United Kingdom-quarterly and monthly data is expected to portray Contradictory picture Data on the recovery from the coronavirus-trade data and the Zew survey from Germany, employment data in Australia and another round of central bank governors delivered speeches.

Personally, I prefer to listen to your opinions, not your views on the economic outlook, but your views on this newsletter.You can email me [email protected].

Major economic and company reports

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

on Monday

  • Japan, current account and trade balance

  • Switzerland, monthly unemployment data

  • result: Henkel Q3, Paypal Q3, Softbank Q2

Tuesday

  • France, monthly trade balance data

  • Germany, trade balance data and Zew economic confidence survey

  • Mexico Consumer Price Index Data

  • Persimmon Transaction update

  • United Kingdom, British Retailers Association Monthly Retail Sales Report

  • United States, producer price index statistics

  • result: United British Food Wind and cloud, I have H1, Bayer Q3, Coin Bank Q3, Direct line Q3, Media set Q3, Munich Re Q3, Nissan H1, Porsche Q3, Ferragamo Q3, Swiss life Q3

Wednesday

  • China, monthly inflation data

  • Germany, CPI data

  • Italy, industrial production data

  • Russia, third quarter GDP data

  • U.S., monthly CPI and weekly unemployment data

  • result: Dutch Bank Q3, Adidas Q3, Ahold Del Heights Q3, Alcon Q3, Allianz Q3, mainland Q3, Agricultural credit Q3, EDF Q3, Aeon Q3, Halford Wind and cloud, Infineon Technologies Wind and cloud, Mark and Spencer H1, NTT H1, Walt Disney Wind and cloud

Thursday

  • Monthly Economic Bulletins of the European Union and the European Central Bank

  • Taylor Wimpy Transaction update

  • UK, monthly and third quarter GDP estimates, trade balance, industrial production and service indexes

  • result: Aegon Q3, ArcelorMittal Q3, Aviva Q3, Beckett Q3, Geox Q3, Mazda Q2, Pirelli Q3, Kinetic H1, Qualcomm Q3, risk assessment Q3, Siemens Wind and cloud, Singapore Airlines H1, Suzuki Q2, Tencent Q3, Uber Technology Q3, Zurich Q3

Friday

  • EU, industrial production data

  • India, monthly CPI data

  • Japan, monthly PPI data

  • result: AstraZeneca Q3, Burberry Q2, SF Q3, Lenovo Q2, Mizuho Financial Group Q2, Lotte Q3, Sumitomo Mitsui Financial Group Q2, Toshiba Q2, Zero Q2

World events

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

on Monday

  • The Central Committee of the Communist Party of China held the Sixth Plenary Session of the Central Committee in Beijing to formulate China’s agenda

  • The European Union, the European Parliament’s Internal Market and Consumer Protection Committee hear testimony from Facebook whistleblower Frances Haugen

  • The annual start-up celebration event begins Global Entrepreneurship Week

  • The Asia-Pacific Economic Cooperation (APEC) Ministerial Summit opens.Although officially hosted by New Zealand, the party will be held entirely online

  • The U.S. will reopen the airport to vaccinated travelers from China, India, the U.K. and many other European countries

Tuesday

  • Anniversary of the fall of the Berlin Wall

  • The Council of Ministers of Economy and Finance of the European Union held in Brussels

  • The 41st General Assembly of the United Nations Educational, Scientific and Cultural Organization (UNESCO) opens in Paris

Wednesday

Thursday

Friday

  • The first round of Nepalese parliamentary elections

  • In the United States, court hearings began in Los Angeles to supervise singer Britney Spears

  • The London Jazz Festival begins

Saturday

  • In the United Kingdom, the Mayor of London marched to commemorate King John’s right to elect leaders of the square mile citizens.

Sunday

  • Bulgaria, parliamentary elections

  • The Italian Tennis Professional Association Finals Opens in Turin

  • United Kingdom, Memorial Day commemoration held at the memorial in central London

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