Are you enjoying the start of the new lunar year? The five rabbits are said to represent hope, peace and prosperity. And we all need more of these by 2023. For now, however, this week will likely focus on the more difficult issues of the present, particularly the ability to immunize our citizens. China during the holiday.
Industrial disputes will continue to flare up with ambulance workers in England and Wales due to another strike on Monday. In Portugal, crew of national carrier TAP will begin strike action on Wednesday amid a dispute over the airline’s pay offer and working conditions.
In politics in Westminster on Tuesday, Labour’s shadow foreign secretary David Lammy will have a more positive tone when he hits the road your party’s policy priorities. He will likely weigh in on the UK’s relationship with the EU.
Coincidentally, Monday is the 10th anniversary of the inauguration of former prime minister David Cameron. speech about europe in which he pledged to renegotiate the UK’s relationship with the EU and put forward a referendum on membership. Perhaps Lammy will refer to this.
Also in the United Kingdom, but unrelated to the British government, Nigeria will conduct a serious legal trial at the High Court of London on Monday. The case involves a long effort to overturn an $11 billion arbitration award that left the Nigerian government owed more than a quarter of its foreign exchange reserves to a little-known oil and gas company.
The main election news for the next seven days will be the Czech presidential election voting, which ends on Saturday. Former commander Nato Petr Pavel is who pioneer. Also, Donald Trump is back. The former US president is expected to make his first public appearance during the 2024 campaign on Saturday, when he will name his South Carolina leadership team.
Economic data
Shoppers walk past a Gucci display window at Marina Bay Sands in Singapore, where inflation data is reported on Wednesday © Chen Lin/Reuters
The fourth week of the month should be renamed survey week. Over the next seven days we will compare the G7 countries with purchasing managers’ index updates and the Confederation of British Industry’s industrial trends survey on Tuesday, followed by the report. Germany’s Ifo business environment on Wednesday, as well as other measures of consumer confidence.
On Thursday, the United States released its first estimate of gross domestic product fluctuations in the fourth quarter of last year. Spain will follow on Friday. Inflation updates will arrive from the UK, Australia, Spain, Sweden and Singapore on Wednesday. Japan will also report a consumer price index that measures the cost of living.
According to central bank news, European Central Bank board member Fabio Panetta will appear at the European parliament’s Committee on Economic and Monetary Affairs on Monday. Across the Atlantic, the Fed enters a cleansing phase ahead of the next Federal Open Market Committee meeting, which begins January 31, and the Bank of Canada’s monetary policy committee is expected will raise rates by 25 basis points to 4.50% with the possibility of it signaling a pause in further upside.
Companies
Tech earnings are the main theme this week; Investors remain concerned about the sector’s prospects after a series of significant job cuts by most of the biggest companies. The approach taken by Microsoftreports second-quarter numbers on Tuesday, maybe a model for other Big Tech players to follow, according to Richard Waters, our West Coast editor. Microsoft CEO Satya Nadella tried to offer a note of cautious optimism while Notice of layoff 10,000 won last week to reduce its cost base.
It’s going to be another week for Elon Musk followers (like every other week) with Tesla reports fourth-quarter numbers on Wednesday. The company has discount its electric vehicles to drive demand in the US and Europe. We assume Musk will be keeping an eye on the FT’s coverage of the latest numbers given by Billionaire lawyer last week in court.
The war in Ukraine has boosted the fortunes of the world’s biggest defense contractors with governments promising to increase spending on weapons and other military equipment. Investors will seek opinions from Lockheed Martin (reported on Tuesday) and Northrop Grumman (out Thursday) to see if these promises generate future revenue.
