Italy votes for new head of state, leadership challenge hangs in the balance


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Hello and welcome to Workweek.

Changes in political leadership are back on the agenda – and I did warn you This will be the theme for 2022.

First, we expect this week to be Sugrey Finally released the “partygate” report. Will it produce hard evidence for rebel MPs to end the Boris Johnson era in Downing Street, or will it free the prime minister from this latest existential leadership crisis? Tuesday was Burns Night, and for those plotting Johnson’s downfall, perhaps a good time to reflect on the Scottish poet’s wisdom on the best plans for “Rats and Men.”

There will be changes at the top in Italy because President election Starts Monday.Prime Minister Mario Draghi has done a lot to restore confidence in the Italian government and unify the country, he is frontrunner – he also has Support from the FT editorial board and former The Economist editor Bill EmottBut the process of deciding who will succeed Sergio Mattarella, whose seven-year term ends on February 3, is complicated — trying to make a comeback Silvio Berlusconi. If Draghi wins, who will succeed him as prime minister?

The week ends on Sunday with Portugal’s elections being called two years early by the country’s President Marcelo Rebelo de Sousa after parliament rejected the minority socialist government’s 2022 state budget. Political change is brewing. Outrage over several corruption scandals Support for populist candidates is being pushed.

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Economic data

The main economic event of the week came on Wednesday, when the Federal Open Market Committee announced its latest decision on U.S. interest rates, although this is likely to be a position play, with the first rate hike widely expected to be in March.

However, there are many other items in the diary that give us a better understanding of Omicron’s impact on economic growth during the holiday season through a series of quarterly GDP estimates and PMI data.

company

China was a link in this week’s corporate earnings reports.

how come H&M‘s full-year sales – announced on Friday – were hit by State-Influenced Consumer Boycott In China it’s clothing?Also, how much does Sweden’s tough stance on Huawei hurt? Ericsson, whose number is out on tuesday?

China is part of the reason analysts expect healthy Chinese quarterly numbers Apple, reported Thursday.This tech company’s products have helped sales gain market share among wealthier Chinese users.

Availability of technology—especially semiconductors—will affect moderninvestors. Hyundai performed relatively well last year after stocking parts — although sales in 2021 fell short of targets as stocks ran out — and thanks to strong demand for recreational vehicles and premium Genesis sedans, the automaker is expected to report Highest operating profit in eight years.

Finally, high hopes Tesla, his car output is, uh, drive forward.

Major Economic and Company Reports

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

on Monday

  • Eurozone, France, Germany, Japan, UK, US: IHS Markit Flash Composite Purchasing Managers’ Index (PMI) data release

  • South Korea, GDP data

  • UK, Bank of England’s Asset Purchase Facility Quarterly Report

  • result: Halliburton the fourth quarter, IBM the fourth quarter, Philips fourth quarter

Tuesday

  • German Ifo Institute Monthly Business Confidence Index

  • Remy Cointreau Q3 Sales Update

  • UK, HMRC publish data on tax receipts and National Insurance contributions

  • FHA monthly home price index and consumer confidence data

  • result: 3M the fourth quarter, American Express the fourth quarter, Atlas Copco the fourth quarter, Ericsson the fourth quarter, General Electric the fourth quarter, Hyundai Motor the fourth quarter, Johnson & Johnson the fourth quarter, lockheed martin the fourth quarter, Texas Instruments the fourth quarter, Todd wind and cloud, Verizon fourth quarter

Wednesday

  • Canada, Bank of Canada interest rate decision

  • France, Consumer Confidence Index

  • FOMC meeting interest rate decision

  • result: AT&T the fourth quarter, Boeing the fourth quarter, Intel the fourth quarter, Lonza Group wind and cloud, Nidec the third quater, Tesla the fourth quarter, Wizz Air the third quater

  • Transaction update: bruwin dolphin the first season, CMC Market the third quater

Thursday

  • Anglo American Q4 Production Report

  • Germany, Consumer Confidence Data

  • US, Q4 GDP estimates plus consumer spending data

  • result: Apple the first season, Sabadell Bank the fourth quarter, Comcast the fourth quarter, Deutsche Bank H1, Diageo H1, easyJet the first season, JetBlue Airways the fourth quarter, LVMH wind and cloud, MasterCard the fourth quarter, McDonald’s the fourth quarter, Mondelez International the fourth quarter, Northrop Grumman the fourth quarter, Rogers Communications the fourth quarter, Safilo Group wind and cloud, Samsung Electronics the fourth quarter, sap wind and cloud, Sartorius wind and cloud, STMicroelectronics the fourth quarter, visa the first season

  • Transaction update: CVS Group H1, fever tree wind and cloud, myth the third quater

Friday

  • France, Q4 GDP plus PPI preliminary data

  • Germany, Q4 GDP data

  • Italy, PPI data

  • UK, Bank of England capital issuance statistics

  • United States, Personal Income and Expenditure Data

  • result: caterpillar the fourth quarter, Chevron the fourth quarter, Colgate-Palmolive the fourth quarter, Daiwa Securities the third quater, H&M wind and cloud, Sepon the third quater, UniCredit Bank wind and cloud, Volvo fourth quarter

world affairs

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

on Monday

  • EU, UK: UK Foreign Secretary Liz Truss and EU Commissioner in charge of Brexit negotiations, Marros Sefkovic, hold further talks in Brussels

  • Italy, Libya: Presidential elections

  • Switzerland, 150th session of the World Health Organization Executive Board in Geneva

  • Great Britain, a one-year celebration of Hadrian’s Wall 1900 kicks off today on the Roman Emperor’s birthday

Tuesday

  • Egypt, 11th anniversary of the start of the Egyptian revolution involving street protests, labor strikes and violent clashes

  • EU General Committee meets in Brussels

  • Britain, celebrating Burns Night on Scottish poet Robert Burns’ birthday, plus Thomas Gainsborough’s “Blue Boys” in London returns to the National Gallery 100 years after its last exhibition, while England will give up most of the rest Covid restrictions, such as wearing masks and vaccine passports

Wednesday

  • Australia Day, marking the arrival of the First Fleet in Sydney Cove in 1788

  • India, Commemoration of Republic Day which introduced Indian Constitution

Thursday

  • Honduras, Shomara Castro to be sworn in as country’s first female president

  • International Holocaust Remembrance Day on the 77th anniversary of the liberation of Auschwitz, Nazi Germany

Friday

Saturday

Sunday

  • Australia, Australian Open men’s final day

  • Portugal, general election.

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