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The run of economic data reports picks up this week. For the US, there will be various key indicators of the state of the economy Trump will inherit, with fresh updates on inflation — the headline figure is expected to rise slightly while core inflation trends lower — retail sales and industrial production numbers. The scale of China’s challenge in restoring growth is the backdrop to its publication of retail sales, industrial production and property data. Meanwhile, the UK number-crunchers make available the latest labour market figures and, along with Japan and the EU, have a first stab at third-quarter GDP.
There will also be a smattering of earnings calls, including mobile and broadband provider Vodafone, fresh from getting the Competition and Markets Authority nod for its £16.5bn merger with Three UK, and fashion brand Burberry, itself a takeover target in the ailing market for luxury goods.
One more thing . . .
Thank you to my newsletter colleague Harvey for filling in last week, giving me a few days at home assisting/haranguing my youngest two children, on half-term break, to stay on track revising for pre-Christmas GCSE mock exams and completing the dreaded statement for university applications. Next we enter the season of getting ready for Christmas itself, and the FT’s HTSI has got in early for those with an eye on dates by picking the best luxury advent calendars.
Key economic and company reports
Here is a more complete list of what to expect in terms of company reports and economic data this week.
Monday
UK: CIPD Labour Market Outlook
Results: Continental 9M, Direct Line Q3 trading update, IAC Q3,
Tuesday
Opec November Oil Market Report
Germany: October consumer price index (CPI) and harmonised index of consumer prices (HICP) inflation rate data
India: October CPI inflation rate data
UK: November labour market statistics, including the unemployment rate
US: National Federation of Independent Business (NFIB) October Business Optimism Index
Results: AstraZeneca Q3, Bayer Q3, Home Depot Q3, Infineon Technologies Q4, Oxford Instruments HY, SoftBank Q2, Spotify Q3, Vodafone HY
Wednesday
France: ILO Q3 unemployment rate
Russia: Q3 GDP first release
US: October CPI inflation rate data
Results: ABN Amro Bank Q3, Allianz Q3, Alstom HY, Bertelsmann Q3, Cisco Systems Q1, Experian HY, Fuller, Smith & Turner HY, RTL Q3, RWE Q3, Smiths Group Q1 trading update ahead of AGM, SSE HY, Tencent Q3
Thursday
Bank of England governor Andrew Bailey speaks alongside UK chancellor Rachel Reeves at the annual financial and professional services dinner at the City of London’s Mansion House
Federal Reserve chair Jay Powell takes part in the Global Perspectives event in Dallas
Reserve Bank of Australia governor Michele Bullock speaks on a panel debate about the state of the economy at the ASIC Annual Forum in Sydney
IEA Oil Market Report
EU: Q3 GDP estimate
UK: RICS Residential Market Survey
US: October producer price index (PPI) inflation rate data
Results: 3i Group HY, Applied Materials Q4, Asahi Q3, Aviva Q3 trading update, B&M European Value Retail HY, Burberry HY, Deutsche Telekom Q3, Eon Q3, First Group HY, Foxconn Q3, Great Portland Estates HY, Keller Group trading statement, Kier Group trading update, Metro Bank Q3, Premier Foods HY, Qinetiq HY, Siemens FY, Swiss Re 9M, United Utilities HY, Walt Disney Company Q4, WHSmith FY
Friday
China: October industrial production and retail sales figures
EU: Autumn Economic Forecast for GDP, inflation, employment and public finances in the Eurozone area
France: October CPI and HICP inflation rate data
India: Guru Nanak’s Birthday. Financial markets closed
Japan: flash Q3 GDP estimate
UK: flash Q3 GDP and productivity estimates.
US: October retail sales and industrial production figures.
Results: Alibaba Q3, Land Securities HY, Lenovo Q2
World events
Finally, here is a rundown of other events and milestones this week.
Monday
Armistice Day (commemorated in the US as the federal holiday Veterans Day), marking the date that first world war ended in 1918, in which countries now pause to honour all those who have given their lives in times of conflict
Azerbaijan: COP29, bringing together governments from 197 countries, plus the EU, to check progress on meeting climate change targets, begins in Baku Stadium
China: Singles Day, an annual holiday created for unmarried people, used by retailers as an opportunity to push store sales
UK: Kemi Badenoch, the Conservative party’s new leader, is due to give evidence relating to her time as business and trade secretary to the Post Office Horizon IT Inquiry, the investigation into the scandal of sub-postmasters being wrongly accused of theft when the software system they were using was at fault
Tuesday
China: 15th Airshow China opens in Zhuhai. The biennial event runs until Sunday
UK: The Booker Prize, the most prestigious award for English language fiction writers, is announced at a ceremony in London
Wednesday
Somaliland: the breakaway region of Somalia holds a presidential election, whose outcome could affect the future of a port deal with Ethiopia that has raised tensions with Mogadishu
Thursday
Sri Lanka: parliamentary elections
UK: 76th birthday of King Charles. Military gun salutes will take place across the country to mark the event
US: President Joe Biden begins a state visit to Peru and Brazil
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Publish date : 2024-11-10 05:15:00
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