Hello and welcome to work week. Or should it be Labor Week? twenty National Senate The Chinese Communist Party is underway in Beijing and all eyes are on President Xi Jinping ahead of the expected vote to grant him an unprecedented third term in office.
The Financial Times has spoken with more than two dozen Chinese businessmen, farmers, government officials and academics – although, understandably, none of them will record – to give an overall picture The country is entering this new era.
In the UK, representatives of British workers will gather in Brighton for the annual trade union conference, which has been rescheduled due to the death of Queen Elizabeth II last month. Given the state of the economy and industrial turmoil, there will be a lot to discuss. Pensions, the cost of living crisis and the defense of the right to strike are all on the agenda.
Economic problems will be high on the agenda of the European Council meeting among EU heads of state, which begins on Thursday in Brussels.
Former White House strategist Steve Bannon interviews Carrie Lake, the Republican Party’s candidate for governor of Arizona, at the Conservative Political Action Conference in Dallas on August 5 © Shelby Tauber/Reuters
In the United States, the fallout from the January 6, 2021 riots on Capitol Hill continues. On Friday, former political advisor to Donald Trump Steve Bannon is due to be charged with contempt of Congress after failing to comply with a subpoena issued by the commission investigating the attack.
Finally, among the annual celebrations this week, there is an important occasion for a British institution as the BBC reaches 100. Many people will have a point of view on the subject. Maybe it’s time for a review Taken by Lionel Barber, former FT Editor In a century on “Aunt Pepe”.
economic data
New Zealand releases CPI inflation data for the third quarter. UK September inflation figures are likely to see another rise in the headline rate in double digits, while the GfK confidence reading and retail sales update are likely to confirm just how likely a consumer-led recovery is right now.
The Fed is set to publish on Wednesday its latest beige book, providing commentary on current US economic conditions, and an update on the increasingly fragile US housing market.
Monthly activity indicators in China are likely to illustrate the continuing impact of Covid-19 restrictions.
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We’ve entered deep into earnings season, beginning the week with the rest of the major Wall Street banks releasing third-quarter numbers, followed by an array of consumer goods, retail, media, airlines and technology. Results issuers include third-quarter data from Bank of America, Bank of New York Mellon, Charles Schwab, a half-year report from Naked Wines and operations update for the third quarter from Rio Tinto.
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