A week of elections and campaigns


This article is a live version of our newsletter for the week ahead.register here Get the newsletter straight to your inbox every Sunday

Hello and welcome to Workweek.

Political change is brewing. First, what we know will happen. The European Parliament will elect a new president by secret ballot on Monday.

it comes with death David Sassoli Last week, though the Italian Democratic Party was due to step down this week under a power-sharing deal with the center-right European People’s Party.He is likely to succeed Roberta Messora, a Maltese MEP selected by the EPP as its presidential candidate.

we’re not sure Will Emmanuel Macron run? in the French presidential election later this year. But we do know he will address the European Parliament on Wednesday to commemorate the French presidency of the European Union. No doubt he will be aware of the political capital he will gain from this appearance.

Then there are the huge unknowns surrounding the UK government’s “Partygate” scandal. This could be the week Sue Gray finishes her official report detailing what happened in certain events. It feels like the drinking puns are all but exhausted – someone must have dried up by now – but they seem all too fitting for a prime minister facing a shameful dismissal.Having said that, it’s a brave soul to bet against Boris Johnson’s extraordinary survival instincts, because This comprehensive analysis It was exposed by the FT’s political team last week.

Then there are outside forces threatening to overwhelm the government.Keep an eye out for further news on the front lines between Russia and Russia Ukraine, the latter marking its reunification day on Saturday (a day after the former commemorating the anniversary of Lenin’s death) will not ease tensions.

Economic data

whether you think Global inflation soars be temporary or ingrained, A story about the rising cost of living There is a long way to go.

The release of consumer and producer price index data from Germany, the UK, Japan, Canada and Italy, as well as the ECB Governing Council’s December meeting minutes, will underpin this week’s installments.

The Bank of Japan holds its monthly meeting and is expected to raise growth and inflation forecasts but leave policy rates and other measures unchanged. The Fed goes into the “deep boudoir” ahead of the Jan. 26 FOMC meeting.

China is set to set its prime monthly lending rate, while Turkey is expected to keep rates unchanged – a relief for those hit by the lira’s collapse after a quick streak of 500bps cuts.

company

Earnings season is in full swing, U.S. markets expect Harvest. The pandemic has been a boom time for streaming services — and the trickle is felt More traditional industries.

Netflix Arguably had the strongest original content ever in Q4, with squid game The boom continues its run and highly anticipated launch of don’t look up.

But some analysts said the streaming pioneer may still struggle to meet the consensus estimate of 8.7 million new subscribers when it reports results on Thursday — largely because Competition intensifies from its peers, they have spend a lot of money About new TV shows and movies. Investment research firm MoffettNathanson last week lowered its forecast for Netflix’s fourth-quarter new subscribers to 8.6 million from 9.6 million.

As #techft lead writer Chris Nuttall writes in his Latest Newsletter. This is expected to be reflected in transaction updates Delivery Thursday.

Major Economic and Company Reports

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

on Monday

  • Canada, Monthly Manufacturing Survey and Business Outlook

  • China: Q4 GDP, monthly industrial production and retail sales data

  • ILO report on employment trends 2022

  • Italy, final consumer price index (CPI) monthly inflation data

  • Japan, Bank of Japan monetary policy meeting opens in Tokyo

  • Repsol Q4 Transaction Statement

  • UK, Rightmove Monthly House Price Index

Tuesday

  • Germany, Zew Financial Market Survey Expectations

  • OPEC Oil Market Monthly Report

  • UK, labour market statistics plus monthly insolvency figures

  • result: Bank of New York Mellon the fourth quarter, Charles Schwab the fourth quarter, Goldman Sachs fourth quarter

Wednesday

  • BHP Billiton Operational review for the half year ended 31 December 2021

  • Burberry Q3 Trading Update

  • Canada, monthly CPI data plus wholesale trade data

  • Germany, final CPI data

  • IEA Monthly Oil Market Report

  • Richemont Group Q3 Trading Update

  • UK, CPI and Producer Price Index (PPI) data

  • United States, New Home Construction Data

  • result: Alcoa the fourth quarter, Asmar the fourth quarter, Bank of America the fourth quarter, Morgan Stanley the fourth quarter, Procter Q2

Thursday

  • Delivery Fourth Quarter Trading Update

  • EU, release minutes of ECB Governing Council’s December monetary policy meeting and monthly inflation data

  • France, business confidence data

  • Germany, monthly PPI for industrial products

  • Japan, CPI data

  • Royal Institution of Chartered Surveyors Monthly Residential Market Survey

  • National Association of Realtors Monthly Home Sales Data and the Philadelphia Fed’s Business Outlook

  • result: Netflix the fourth quarter, Union Pacific fourth quarter

Friday

  • Canada, monthly retail trade data

  • EU, flash consumer confidence data

  • Japan, Bank of Japan release minutes of December policy meeting

  • UK, monthly retail sales figures plus CBI quarterly business confidence survey

  • result: Schlumberger fourth quarter

world affairs

Finally, here’s a rundown of other events and milestones this week.

on Monday

  • Australia’s first Grand Slam of the year – Australian Open kicks off in Melbourne

  • EU, election to replace European Parliament president David SassoliThose who died on January 10, plus Ecofin Council Economic and Finance Ministers Meeting

  • France, the 90th Monte Carlo Rally opens at its base in Monaco

  • United States, Martin Luther King Day

Tuesday

  • EU Ecofin Economic and Finance Ministers Council meets in Brussels

  • UK, Winnie the Pooh Day, celebrating the birthday of its author AA Milne

Wednesday

  • Barbados to hold general elections when it becomes a republic in late 2021

  • EU, Emmanuel Macron speaks at the European Parliament in Strasbourg while France holds the EU Council Presidency

  • UK, Amazon to stop accepting UK-issued Visa credit cards

Thursday

  • Bulletin of the Atomic Scientists unveils minute hand position on doomsday clock that records perceived threat of global doomsday

  • we, Sundance Film Festival Start Online and Physical in Park City, Utah

Friday

Saturday

Sunday

  • Northern Cyprus, parliamentary elections

  • Haiti, first round of presidential elections

long story short — The biggest stories and best reads in one smart email.register here

post-Brexit UK — Stay up-to-date with the latest developments as the UK economy adjusts to life outside the EU.register here



Source link