A week until the wait is over

Updates to the world economy

This article is an on-site version of our The Week Ahead newsletter. Register here to receive the newsletter straight to your inbox every Sunday

Hello and welcome to the working week.

Studies show that delayed gratification is one of the most effective personal traits of successful people. If that’s the case, it’ll be a whole week – and not just for James Bond fans like FT’s Peter Aspden, who can finally see the long-awaited No time to die Movie.

Also taking place later this week than originally billed: Expo 2020 Dubai; the China International Aviation & Aerospace Exhibition, an opportunity for the country to demonstrate its military capabilities and advocate self-sufficiency at its largest air show; and the London Marathon, which continues to lead the UK towards normalization amid the pandemic. The UK is also ending the (extended) stamp duty vacation, which offers homebuyers tax breaks, and its vacation program, which aims to prevent a pandemic-induced spike in unemployment.

Speaking of coronavirus, Monday brings a key moment to Joe Biden’s $ 1 trillion infrastructure bill, as the House of Representatives is the deadline to vote on business-boosting legislation.

One thing that arrived in time is the season of party conferences in the UK. Attention is turned to whether Labor leader Keir Starmer can articulate his vision clearly in his speech to delegates on Wednesday.

Next up is the Conservatives. While Boris Johnson has clear authority over his party, he has to worry about what former Tory Prime Minister Harold Macmillan called “events, dear boy,” particularly the shortage of truck drivers and the recent sharp rise in the cost of living for British.

Thank you again for the messages of support and suggestions for this newsletter – sent to [email protected] – and please keep them going.

Companies

Analysts will look a little further ahead than they would over the next seven days when Lego reports quarterly results on Tuesday. The Danish toy maker has maintained impressive growth despite struggling with its hybrid physical-digital product development. However, analysts will want to know if enough inventory can be brought into stores for Christmas given the global challenges in the supply chain.

EasyJet will announce the results of its surprising rights issue on Monday. Investors want to know what the airline is doing with the money.

Economic data

The FT’s Coronavirus Business Update newsletter last week changed to The Road to Recovery, reflecting the need to look at the state of the economies trying to get out of the pandemic. You can sign up to get it by clicking here.

On Wednesday, Thursday and Friday we will get an insight into whether the economic picture in the euro zone is brightening with the figures on consumer confidence, unemployment and inflation. We also have consumer confidence metrics for the US, France, and Germany, and GDP data from the US and Canada.

Important economic and company reports

Here is a more complete list of what to expect in terms of corporate reports and economic data this week.

Monday

  • EasyJet announces the results of its rights issue

  • FedEx Annual General Meeting

  • UK, Bank of England monthly capital issuance statistics

  • UK, IHS Markit Quarterly Scottish Widows Household Finance Index

Tuesday

  • France, Germany, USA: Consumer Confidence Figures

  • Japan, central bank publishes minutes of their political meeting in July

  • Great Britain, Annual Public Meeting of the Financial Regulator

  • UK, England Covid-19 School Infection Survey

  • UK, Office for National Statistics (ONS) house price data

  • US Federal Housing Finance Agency monthly house price index

  • Results Ferguson FY, Lego H1, Smiths Group FY

Wednesday

  • EU, Alphabet’s Google appeals to overturn a € 4.3 billion antitrust fine

  • Indicators of the economic sentiment and business climate of EU, Eurostat

  • UK Consumer Credit Figures, Bank of England

  • Results Next H1

Thursday

  • Update on auto grill sales

  • China, Markits Caixin Manufacturing Purchasing Managers Index (PMI)

  • EU, monthly unemployment figures from Eurostat

  • France, producer price index figures

  • Germany, unemployment and inflation figures

  • Japan, industrial production figures

  • UK, National Monthly House Price Index

  • UK, ONS revision on quarterly GDP figures

  • US Quarterly GDP, US Department of Commerce

Friday

  • Canada, monthly GDP figures

  • Diageo general meeting

  • EU, Eurozone Flash Inflation Figures

  • The European Banking Federation’s European Banking Summit, held online this year

  • Germany, retail sales data

  • Italy, Istat monthly unemployment figures and consumer price indices

  • Japan, unemployment rate

  • Spain, Italy, Japan, UK: Manufacturing PMIs

  • UK, ONS Quarterly Business Investment, Q2 Balance of Payments, Quarterly Household Accounts and Quarterly Consumer Trend Data

World events

Finally, an overview of other events and milestones this week.

Monday

  • UK, Bank of England Governor Andrew Bailey speaks to the Society of Professional Economists

  • US deadline set for House of Representatives vote on Joe Biden’s $ 1 trillion infrastructure plan

Tuesday

  • China, International Aerospace Exhibition Begins

  • European Central Bank’s Annual Central Banks Forum, held online this year, Federal Reserve Chairman Jay Powell, ECB President Christine Lagarde, Bank of Japan Governor Haruhiko Kuroda, and Bank of England Governor, Andrew Bailey, everyone speaks

  • France, Paris Fashion Week – Women’s Fashion – starts in the French capital

  • Great Britain, premiere of the new James Bond film, No time to die, at the Royal Albert Hall

  • Bank of England politician Catherine Mann discusses inflation on a panel at the annual meeting of the National Association for Business Economics

Wednesday

  • UK, election of the next Lord Mayor of the City of London

  • UK, Labor Party conference ends in Brighton

  • US, EU-US Trade and Technology Council holds first summit in Pittsburgh to discuss defense of critical supply chains and technologies such as artificial intelligence

  • USA, UN Security Council meets in New York to discuss the Middle East

Thursday

  • UK, coronavirus job retention program ends

  • UK, people visiting nightclubs and other places where large crowds gather in England will need to be fully vaccinated starting today

Friday

  • United Arab Emirates, Expo 2020 Dubai delayed start

  • US, North American International Auto Show kicks off in Detroit

  • Vatican City, “Green Passport” health certificate showing proof of immunity to Covid-19 now required by visitors to the city-state

Saturday

  • Kenya takes over the chairmanship of the UN Security Council

  • UK, Black History Month begins

Sunday

  • Germany, celebrations for the 31st anniversary of reunification

  • Great Britain, Conservative Party Conference begins in Manchester

  • Great Britain, London Marathon held for the first time in 18 months

  • United States Annual General Meeting, International Air Transport Association

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