A week for the wait to end

Updates on the global economy

This article is an on-site version of our The Week Ahead newsletter. Register now here to receive the newsletter directly in 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, then it’s going to be all week – and not just for James Bond fans like the FT’s Peter Aspden, who can finally watch the highly anticipated. No time to die movie.

Also taking place later than planned this week: Expo 2020 Dubai; the China International Aviation & Aerospace Exhibition, an opportunity for the country to show off its military prowess and seek self-sufficiency in its largest air show; and the London Marathon, taking the UK further on the path to normalization amid the pandemic. The UK is also ending the (extended) stamp duty holiday that offers tax relief to homebuyers, and its leave program, aimed at preventing a spike in unemployment due to a pandemic.

Speaking of coronavirus, Monday brings a key moment for Joe Biden’s $ 1 billion infrastructure bill as it is the deadline for the House of Representatives to vote on legislation to jumpstart the economy.

One thing that has arrived on time is the UK political party conference season. Attention is focused on whether Labor leader Keir Starmer can make his vision clear in his speech to delegates on Wednesday.

Next come 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, my dear” including the shortage of truck drivers and the recent sharp increase of the cost of living for the British.

Again, thank you for the messages of support and suggestions for this newsletter – sent to jonathan.moules@ft.com – and feel free to continue.

Companies

Analysts will be looking a little deeper than the next seven days when Lego releases its quarterly results on Tuesday. The Danish toy maker has maintained impressive growth despite struggling with its development of hybrid physical-digital products. But analysts will want to know if he can stock enough stock in stores for Christmas given the challenges of the global supply chain.

EasyJet is due to announce the result of its surprise rights issue on Monday. Investors would like to know what the airline is doing with the money.

Economic data

The FT’s Coronavirus Business Update newsletter changed form last week to The Road to Recovery, reflecting the need to examine the state of economies trying to move beyond the pandemic. You can sign up to receive it by clicking here.

We will have an idea of ​​whether the economic situation is clearing up in the euro zone with the figures for consumer confidence, unemployment and inflation respectively Wednesday, Thursday and Friday. We also have consumer confidence measures for the United States, France and Germany, and GDP data for the United States and Canada.

Main economic and corporate reports

Here’s a more comprehensive list of what to expect in terms of corporate reports and economic data this week.

On Monday

  • EasyJet announces the results of its capital increase

  • FedEx AGM

  • United Kingdom, Bank of England monthly capital issuance statistics

  • United Kingdom, IHS Markit Quarterly Index of Scottish Widows’ Household Finances

Tuesday

  • France, Germany, United States: consumer confidence figures

  • Japan central bank publishes July policy meeting report

  • United Kingdom, annual public meeting of the Financial Conduct Authority

  • UK and Covid-19 School Infections Investigation for England

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

  • U.S. Federal Housing Finance Agency Monthly Home Price Index

  • Results Ferguson FY, Lego H1, Smiths Group FY

Wednesday

  • Alphabet’s EU and Google appeal to quash € 4.3 billion antitrust fine

  • EU, Eurostat economic sentiment and business climate indicators

  • United Kingdom, Bank of England consumer credit figures

  • Results Next H1

Thursday

  • Autogrill income update

  • China, Markit’s Caixin Purchasing Managers Index (PMI)

  • EU, monthly unemployment figures from Eurostat

  • France, producer price index figures

  • Germany, unemployment and inflation figures

  • Japan, industrial production figures

  • United Kingdom, monthly nationwide house price index

  • UK and ONS review of quarterly GDP figures

  • United States, Department of Commerce quarterly GDP figures

Friday

  • Canada, monthly GDP figures

  • Diageo AGM

  • Flash inflation figures for the EU and the euro zone

  • European Banking Summit of the European Banking Federation, held this year online

  • Germany, retail sales data

  • Italy, monthly Istat unemployment figures and consumer price indices

  • Japan, unemployment rate

  • Spain, Italy, Japan, United Kingdom: Manufacturing PMIs

  • United Kingdom, ONS quarterly business investment figures, second quarter balance of payments, quarterly economic accounts and quarterly data on consumption trends

Global events

Finally, here’s a look at other events and milestones this week.

On Monday

  • UK Governor of the Bank of England Andrew Bailey addresses the Society of Professional Economists

  • U.S. deadline for House of Representatives to vote on Joe Biden’s $ 1 billion infrastructure plan

Tuesday

  • China International Aviation and Aerospace Exhibition Begins

  • The annual European Central Bank Central Bankers Forum, held online this year, Federal Reserve Chairman Jay Powell, ECB President Christine Lagarde, Bank of Japan Governor Haruhiko Kuroda and Bank Governor from England Andrew Bailey all speak out

  • France, Paris Fashion Week – women’s clothing – begins in the French capital

  • United Kingdom, premier of the new James Bond film, No time to die, at the Royal Albert Hall

  • Bank of England U.S. policymaker Catherine Mann discusses inflation during a panel at the National Association for Business Economics annual meeting

Wednesday

  • United Kingdom, election of the next Lord Mayor of the City of London

  • End of UK Labor Party conference in Brighton

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

  • United States, UN Security Council Meet in New York to Discuss Middle East

Thursday

  • UK coronavirus retention program ends

  • In the UK, people attending nightclubs and other places where large crowds congregate in England will need to be fully vaccinated from today

Friday

  • United Arab Emirates, delayed Expo 2020 Dubai begins

  • United States and North America International Auto Show begins in Detroit

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

Saturday

  • Kenya takes over UN Security Council presidency

  • UK, Black History Month begins

Sunday

  • Germany, celebrations of 31 years of reunification

  • UK and Conservative Party conference begins in Manchester

  • UK and London Marathon held for the first time in 18 months

  • United States, Annual General Meeting of the International Air Transport Association

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