Time for a health check

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Hello and welcome to the working week.

We’re all a lot more aware of the need to take care of ourselves these days – a very thin silver liner to a pandemic – and this week a lot of people are looking to do just that.

First, there is a glut of marathons, both those that have been delayed, like Paris, and an annual fall fixture, like the Boston event, which takes place on the Columbus Day holiday every year. . If you like a grueling run – like the FT’s Laura Noonan – there are more than 300 to choose from in October, more than any other month this year, according to online tracker Global Marathon.

For those who care about what they eat (or rather shouldn’t eat), get ready for Anti-McDonald’s Day on Saturday. Then there’s the growing trend of Covid passports, which come into effect in Wales on Monday and in Brussels on Friday, measures that divide societies. Be careful.

Companies

After a profit warning erased from 15% of Boohoo’s market value last month, investors will be watching rival Asos’ annual results closely on Thursday. The two online fashion retailers serve slightly different markets and Asos already has the advantage of having a distribution infrastructure in the United States and Europe.

But cost pressures are mounting in the supply chain and competition is mounting, both from reopened physical retailers and online rivals such as China’s SheIn. Analysts expect a pre-tax profit of £ 180m on sales of £ 3.92bn, and more details on the future strategy on a day of capital markets support.

This is the first wave of the banking results season. Goldman Sachs, which released its third quarter results on Friday, is one indicator for investment banking, an industry that is thriving on the M&A boom.

JPMorgan Chase will provide a broader perspective on Wednesday of loan demand (which has been weak) and overall consumer spending, which has recovered but could be threatened by the Delta coronavirus variant.

If you are interested in Wednesday’s BlackRock results, you should read this.

Economic data

The two key points on the UK’s economic agenda this week will be Tuesday’s labor market figures and, 24 hours later, August’s gross domestic product estimate, giving us a better guide to what happens behind the headlines of truck drivers and slaughterhouses. labor shortage, upward pressure on wages and a return to the 1970s economy.

Hopefully these will be more edifying than the US non-farm payroll data from last Friday – apologies, by the way, to those of you who didn’t think enough was said last week. , but thanks for the emails. Keep them coming to [email protected]

Inflation will once again be a topic of conversation with the Consumer and Producer Price Index data released for the United States, India, Germany, Japan, France and Italy.

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

  • Italy, Istat industrial production figures

  • Galp Energia SGPS commercial update

Tuesday

  • India, monthly consumer price index figures

  • Italy, G20 trade ministers meeting in Sorrento

  • Japan, monthly producer price indices

  • United Kingdom, Office for National Statistics monthly labor market statistics

  • UK income and employment update from Pay As You Earn data

  • Update from the United States and the IMF on its Global Financial Stability Report, Assessing Risks in the Global Financial System

  • Results: LVMH T3

Wednesday

  • China, monthly trade figures

  • Germany, consumer price index data

  • Just eat take out Q3 Business Update

  • OPEC’s monthly oil market report

  • United Kingdom, ONS monthly GDP estimate, plus trade and construction output data, and monthly output and services index

  • Results: Black rock T3, Infosys T2, JPMorgan Chase T3

Thursday

  • Ashmore Group AGM

  • Barratt Developments AGM and commercial update

  • BHPLondon AGM

  • China, monthly consumer price index and inflation figures

  • Japan, industrial production data

  • United Kingdom, Bank of England Bank Liability Survey and Quarterly Credit Conditions Review

  • Quarterly Survey of Financial Services in the UK, CBI and PwC

  • UK, Monthly Residential Market Survey from the Royal Institution of Chartered Surveyors

  • United States, Department of Labor Bureau of Labor Statistics Producer Price Indexes

  • Results: Asos FY, Bank of America T3, Citigroup T3, Domino’s Pizza T3, Fast retail FY, HCL Technologies T2, Morgan stanley T3, Sudzucker T2, Taiwan Semiconductor Manufacturing Company T3, Temenos T3, Uni Health Group T3, US Bancorp T3, Alliance of Walgreens boots FY, Wells fargo T3

Friday

  • EU, monthly Eurostat data for international trade in goods

  • France, inflation rate figures

  • Hargreaves lansdown Review of Q3 operations

  • Italy, Istat monthly consumer price index and inflation data

  • United Kingdom, Business and Personal Insolvency Statistics for England and Wales

  • Results: Tour of China T3, Goldman Sachs T3, Honeywell T3, JB Hunt Transport Services T3, PNC Financial Services T3, Prologis T3, Rio Tinto T3

Global events

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

On Monday

  • Canada, Thanksgiving

  • Spain, Pharma Europe, billed as the world’s largest meeting of leaders in the commercial pharmaceutical industry, begins in Barcelona

  • Sweden, Nobel Laureate in Economics announced in Stockholm

  • UK vaccine passports enter into force in Wales

  • United States, Boston Marathon takes place

  • United States, Columbus Day holiday

Tuesday

  • United Kingdom, Thanksgiving service at Westminster Abbey to mark the centenary of the Royal British Legion

  • Amazon.com Founder Jeff Bezos’ Blue Origin NS-18 Spacecraft Is Set To Launch With Star Trek actor William Shatner on board

Wednesday

  • United Kingdom, general elections in Saint Helena, the second oldest British overseas territory after Bermuda

  • The 57th Chicago International Film Festival kicks off in the United States

Thursday

Friday

  • Belgium, vaccine passports enter into force in Brussels

  • Italy plans to enforce some of the world’s toughest anti-Covid measures, requiring all workers to show proof of vaccination, negative test or recent recovery from infection

  • Italy, a preliminary hearing to be held in Genoa in the legal case concerning the collapse of the Morandi motorway bridge in 2018

Saturday

Sunday

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