A week of important political and cultural milestones

A week of important political and cultural milestones

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Hello and welcome to Workweek.

There could be a lot of uncertainty in the next seven days as European foreign ministers line up to meet with Moscow to try to find a solution to Russia’s standoff with Ukraine.

Looking back at the past helps to understand today’s problems. This week is full of commemorations.

It started 30 years ago on the anniversary of the Maastricht Treaty signed by the 12 member states of the European Community on Monday.It created the European Union and laid the groundwork for a monetary union and fueled fears among those opposed to further political union, so to speak Sowing the seeds of Brexit. Expect some (further) introspection this week.

Another political change took place in Iran this week in 1979, when the Islamic Revolution ended the Shah’s monarchy and ushered in the rule of the clergy.The country’s leaders will no doubt recall its importance, but the more pressing challenge facing Tehran is the economic recovery in the face of US sanctions, although Progress in the process of making.

The other two anniversaries offer some perspective on how far the technology has come.

This week in 1964, The Beatles made their American TV debut The Ed Sullivan Showset a digital record for viewing at the time, and is still talked about today American media. It is also the anniversary of the 1996 IBM supercomputer Deep Blue beat Garry Kasparov at chess.

In the intervening 25 years, computing and television have evolved and converged in a way that neither the Big Four nor a chess grandmaster could imagine. Would we look back with the same amazement at today’s developments, such as DeepMind’s AI tools, letter code – maybe want to know something Big tech companies like Meta are considering?

Your responses – and other comments about the coming week – to the usual address, [email protected].

Before moving on to the economic and corporate news, here’s a quick plug-in to the FT contest to encourage young people to have a potential answer to the climate change crisis.The Financial Times is looking for examples from students, teachers and schools around the world combat climate change, will appear in the March 2022 Special Report on Climate Change in Schools.Submit your entry here until February 14th.

Economic data

There is much debate about the UK government’s claims about the strength of the pandemic recovery.Financial Times economics editor Chris Giles Wrote a clear explanationand will keep a close eye on the country’s quarterly and monthly GDP estimates due on Friday.

Elsewhere, there will be key data on US inflation and German production and trade data. Mexico and Russia are expected to raise interest rates, and the European Union is to update its economic forecasts.

company

We are entering earnings season. It’s the turn of consumer goods companies, drugmakers and automakers this week.

UnileverThe unpopular attempt to buy GlaxoSmithKline’s consumer health unit and activist fund Trian Partners (owned by Nelson Peltz – Acquired shares. As Hellmann’s mayonnaise maker plans a restructuring that will scoop up ice cream from the rest of its food division, investors will wonder if it will sell one or both of its food divisions and how it plans to boost the rest of its portfolio. Performance – because and whether the company’s CEO, CFO and chairman can survive the current GSK fiasco.

because. . .result Cola and Pepsi Will reveal whether a resurgence of Covid-19 cases globally hit soda demand in the December quarter.China’s new lockdown measures plague restaurant chains McDonald’s and Starbucks, their income showswhile supply chain costs, Including delays from Canada, continue to mount. Still, analysts expect Coca-Cola and PepsiCo to report stronger revenue compared to the same period in 2020.

Japanese automakers Nissan and Honda are due to release their profit and loss statements this week.But investors will be watching closely to see if ToyotaThis world’s top car dealer In 2021, it could shrug off chip shortages in the coming months after announcing in January that a supply failure would force it to cut production in February — This Lex note Provide an explanation of the consequences. In terms of production, that means Toyota is unlikely to hit its production target of 9 million vehicles in the fiscal year ending in March.

Major Economic and Company Reports

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

on Monday

  • IHS Markit Purchasing Managers’ Index (PMI) data for Asia

  • China, Caixin Composite and Services PMI data

  • EU, ECB President Christine Lagarde speaks at hearing of European Parliament Committee on Economic and Monetary Affairs

  • Germany, monthly industrial production data

  • Indonesia, Q4 GDP

  • Japan trade balance data for December

  • UK, Halifax house price index

  • United States, monthly consumer credit data

  • result: Orubis the first season, BB Security Participant the fourth quarter, Hasbro the fourth quarter, Principal Financial fourth quarter

Tuesday

  • Bellway Transaction update

  • France December trade balance data

  • Italy, retail data

  • Poland, National Bank of Poland Monetary Policy Committee meeting

  • UK, BRC-Barclaycard Monthly Retail Sales Monitor Report

  • United States, monthly trade balance data

  • result: BNP Paribas wind and cloud, BP wind and cloud, Industrial Offshore RMB wind and cloud, Harley-Davidson the fourth quarter, Iveco wind and cloud, elevator the fourth quarter, Nissan the third quater, Ocado wind and cloud, Pfizer the fourth quarter, securities company wind and cloud, Softbank the third quater, Thomson Reuters the fourth quarter, Tui Travel the first season

Wednesday

  • German trade balance data for December

  • Italy, industrial output data

  • Japan, Producer Price Index (PPI) data

  • Russia, Consumer Price Index (CPI) data

  • Sweden, Riksbank hold monetary policy meeting in Stockholm

  • UK, Bank of England Chief Economist Huw Pill Speech at the Annual Meeting of the Association of Professional Economists: “UK Monetary Policy Outlook”.

  • result: ABN AMRO the fourth quarter, Ardennes H2, Aegon the fourth quarter, AkzoNobel the fourth quarter, Bharat Development H1, Dunelm H1, Equinor the fourth quarter, GlaxoSmithKline the fourth quarter, commercial Bank wind and cloud, Honda the third quater, L’Oreal wind and cloud, Maersk Group the fourth quarter, Medio Banka H1, Smurf Kappa wind and cloud, Toyota the third quater, Uber Technologies the fourth quarter, The Walt Disney Company the first season, Yum Brand fourth quarter

Thursday

  • OPEC Monthly Oil Market Report

  • EU, European Commission release euro zone economic forecast

  • The Royal Institution of Chartered Surveyors Monthly Residential Market Survey and the Recruitment and Employment Federation-KPMG Monthly Employment Report. Additionally, Bank of England Governor Andrew Bailey speaks at TheCityUK annual dinner.

  • US January CPI data

  • result: ArcelorMittal the fourth quarter, Ashmore Group H1, AstraZeneca wind and cloud, Beazley wind and cloud, Bombardier wind and cloud, Coca-Cola Company the fourth quarter, agricultural credit wind and cloud, Credit Suisse wind and cloud, Deutsche Börse the fourth quarter, Kellogg’s the fourth quarter, Linde the fourth quarter, Mazda engine the fourth quarter, Pepsi the fourth quarter, Pernod Ricard H1, Philip Morris wind and cloud, relax wind and cloud, Siemens the first season, Societe Generale wind and cloud, thyssenkrupp the first season, all the fourth quarter, Twitter the fourth quarter, Unilever wind and cloud, Verisign the fourth quarter, Western Union the fourth quarter, Zurich Insurance fiscal year

Friday

  • British American Tobacco Fiscal Year Preliminary Statement

  • Germany, final CPI data

  • India, monthly industrial production data

  • Russia, key interest rate decision

  • UK, Q4 and December GDP estimates plus trade balance and December industrial production figures

world events

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

on Monday

  • European Union, 30th anniversary of the Maastricht Treaty, the establishment of the European Union

  • U.S., German Chancellor Olaf Schultz to meet U.S. President Joe Biden at White House

Tuesday

  • United Kingdom, the Church of England General Assembly is held in London. The debate could include the church’s attitudes toward same-sex relationships and challenges to slavery.

  • USA, 94th Academy Awards, Oscar nominee

Wednesday

Thursday

  • IBM supercomputer Deep Blue beat Garry Kasparov in chess for the first time on this day in 1996

  • Opening of the 72nd Berlin International Film Festival in Germany

Friday

  • Iran, Revolution Day on the anniversary of the 1979 Islamic uprising

  • UK cancels Covid tests for dual-vaccine travellers arriving in England

  • The opening of the United States, New York Fashion Week

Saturday

  • Hungarian Prime Minister Orban delivers annual State of the Union address

  • Burma, United Day, to commemorate the country’s full independence in 1947

  • Former US President Abraham Lincoln was born on this day in 1809

Sunday

  • Germany, a special Federal Assembly (Bundesversammlung), whose members are divided equally by members of the Bundestag, elected by the 16 federal state parliaments, who vote to decide the country’s next president

  • USA, Super Bowl 56, the culmination of the American football season, will be played at SoFi Stadium in Inglewood, California

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