Prepare to Go Green | Financial Time

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Hello and welcome to the working week.

The environment will take center stage in global news this week as the opening of the United Nations Climate Change Conference approaches in Glasgow.

What we know about COP26 is that there will be a lot of discussions, a lot of uncollected waste and that the cost of the stay in Glasgow will be much higher.

What it’s not clear is who will show up – US President Joe Biden and Australian Prime Minister Scott Morrison are in attendance, but Russian Vladimir Putin is not and the Chinese President is unlikely. Xi Jinping shows up. If unity is strength, expect a few problematic days of trying to negotiate major breakthroughs. As you might expect, you can get a full rundown of what’s really going on by clicking here for the FT’s coverage.

British Prime Minister Boris Johnson hopes all roads lead to Britain, although foreign dignitaries should be careful not to take a route through London.

Johnson’s successor as mayor of the British capital, Sadiq Khan, will do his part for air quality on Monday when the area covered by the very low emission zone, in which motorists are charged for driving vehicles gasoline engine, will be multiplied by 18. It may be time to invest in an electric car.

Companies

The earnings season will be in full swing over the next seven days with 200 S&P 500 companies reporting results in the United States and many more doing the same in Europe. Big Tech will be very present: Amazon, Apple, Microsoft, Google’s parent Alphabet, Spotify, Twitter and Facebook are all reporting.

Apple will be discussed a lot, not just because of its earnings call on Thursday. The changes it made to its iOS operating system – making it harder to track users – are having a significant impact on other tech stocks.

For a taste of things to come, take a look at the Snap Thursday results announcement just passed. Outside of trading hours, the stock price fell 24%, fueled by concerns about the impact of Apple’s privacy changes on the advertising revenues of rivals in the tech industry.

Something similar could happen when Facebook reports on Monday – the company’s shares also fell as much as 7% after Snap’s earnings report.

Facebook shareholders have other concerns, including the struggle to attract younger users. Watch for signs of the impact of its major service outage, whistleblower says group has covered up research on its products being bad for users’ mental health and a € 225 million WhatsApp fine for improper use customer data has had on the platform. use and income.

For Apple itself, investors will want to know what impact the chip shortage is having on a premium brand with a new line of digital goodies for sale. Our man in San Francisco, Patrick McGee, is calm on this issue. “Any supplier would be crazy not to prioritize Apple,” he told me. We should also get the first indications of demand for the new iPhone 13 product line.

Economic data

Expect further developments in the battle to contain inflation this week as the European Central Bank and its counterparts in Japan, Canada and Brazil meet to discuss monetary policy.

Are you worried about the state of post-containment rebounds? More clarity will be provided this week with anticipated third quarter GDP readings for the United States, Eurozone, France, Germany, Italy, Spain, Mexico and the United States. South Korea. You can also read the FT’s Road to Recovery newsletter three times a week – sign up to receive it in your inbox by clicking here.

In the UK, the headline will be Chancellor Rishi Sunak’s lunchtime Budget Day speech on Wednesday. The FT will provide full coverage. We await the release of the government’s Integrated Rail Plan, outlining how large projects such as High Speed ​​2, Northern Powerhouse Rail and the Midlands Engine will be phased and connected. The flow of advance announcements has already started, in part to ease the pain of forgoing past commitments – such as R&D spending – to meet Sunak’s budget targets.

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

  • Mexico, economic activity data

  • Petropavlovsk production report

  • Results, Facebook T3, HSBC T3, Michelin T3, POSCO T3

Tuesday

  • Brazil, IBGE inflation figures

  • Quarterly survey of euro area bank loans from the EU and the European Central Bank

  • United Kingdom, Office for National Statistics, annual data on employee income

  • United States, monthly consumer confidence figures

  • Results: 3M T3, Alphabet T3, Advanced micro-systems T3, Cannon T3, Corning T3, Eli lilly T3, General Electric T3, Hasbro T3, Heathrow Airport T3, Hyundai Engines T3, JetBlue Airways T3, Lockheed Martin T3, Microsoft Q1, Novartis T3, Orange T3, Raytheon T3, Reckitt Benckiser T3, Royal KPN T3, Texas instruments T3, Thales Group T3, Twitter T3, UBS T3, UPS T3, Pentecost bread H1, Visa EF

Wednesday

  • Brazil, Canada, Japan: Monetary Policy Committee meetings

  • Fresnillo T3 production report

  • France, consumer confidence and inflation data

  • Germany, monthly GfK consumer confidence survey

  • Heineken Q3 Trading Update

  • In the UK, Chancellor Rishi Sunak unveils his annual budget speech and spending review. The UK’s Office for Budget Responsibility will also publish its economic and fiscal outlook and the Bank of England will provide statistics on capital issuance

  • Results: Banco Santander T3, BASF T3, Bristol Myers Squibb T3, Campari T3, Coca Cola T3, Chubb T3, German Bank T3, eBay T3, Electrolux T3, Ford Motor Company T3, General Motors T3, GlaxoSmithKline T3, Harley davidson T3, Kraft Heinz T3, Mcdonalds T3, Mediobanca Q1, Main Financial Group T3, Sodexo FY, Spotify T3

Thursday

  • Evraz Q3 Business Update

  • Monetary policy meeting of the EU and the European Central Bank, as well as Eurostat’s monthly economic and business climate indicator

  • Germany, monthly labor market figures

  • Italy, producer price index

  • Japan, Bank of Japan Outlook Report for Economic Activity and Prices, as well as Monthly Retail Sales Figures

  • Lloyds Banking Group 3rd quarter management statement

  • Travis Perkins Q3 Trading Update

  • United Kingdom, quarterly data on companies registered at Companies House

  • United States, first jobless claims, real consumer spending and third quarter GDP figures

  • WPP Q3 Business Update

  • Results: Anheuser-Busch InBev T3, Airbus Group T3, Amazon T3, Apple FY, Bomber T3, Carlsberg T3, caterpillar T3, Comcast T3, Dassault Systèmes T3, Rail T3, Hershey T3, Nokia T3, Northrop Grumman T3, Norwegian Air T3, Panasonic T2, Royal Dutch Shell T3, Saint Gobain T3, Samsung T3, Sony T2, Skandia T3, Starbucks FY, STMicroelectronics T3, Swisscom T3, UniCredit T3, Volkswagen T3, Miam brands T3

Friday

  • Canada, monthly GDP figures

  • EU, flash estimate of euro zone inflation

  • France, Italy: preliminary figures for Q3 GDP and consumer price index

  • Germany, Q3 GDP

  • Japan, preliminary industrial production figures

  • United Kingdom, Bank of England effective interest rate, monthly money and credit figures and national accounts from the Office for National Statistics UK (The Blue Book)

  • United States, personal expenditure data

  • Results: Air France-KLM T3, Aon T3, BBVA T3, BNP Paribas T3, Chevron T3, Colgate-Palmolive T3, Daimler T3, Danske Bank T3, Eni T3, ExxonMobil T3, NatWest T3, Nomura Holdings T2, OMV T3, Securitas T3, Swiss Re T3, Photocopy T3

Global events

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

On Monday

  • UK, the Ultra Low Emission Zone, designed to improve air quality by charging motorists for older, more polluting vehicles to travel through central London, will be expanded to 18 times its current size

  • In UK, Frances Haugen, former product manager of Facebook’s civic disinformation team, testifies before parliamentary committee

Tuesday

  • Brunei, summit of the 10 members of the Association of Southeast Asian Nations

  • Japan, Princess Mako, niece of the Emperor of Japan, marries her non-royal fiance, Kei Komuro

  • Luxembourg and EU energy ministers meet to discuss rising energy prices

  • Major League Baseball World Series begins in the United States

Wednesday

Thursday

  • Italy, the 14th Eurasian Economic Forum takes place in Verona

  • UK and new British polar ship RRS Sir David Attenborough on visit to London

Friday

  • Denmark, 73rd annual Nordic Council kicks off in Copenhagen with program including climate concerns, sustainability and youth participation

  • Italy and US President Joe Biden to meet Pope Francis in Vatican

Saturday

  • United Kingdom, National Trust Annual General Meeting

  • Italy, start of G20 leaders’ summit in Rome

Sunday

  • Japan, general elections

  • United Kingdom, United Nations Climate Change Conference (COP26) opens in Glasgow

  • US, SpaceX Crew Dragon third spacecraft and Falcon 9 rocket set to take off

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