Wed. May 25th, 2022

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Hello and welcome to the work week.

The second week of December is a collection of anniversaries, and this year the stars are so in line that some important milestones will pass.

Monday is the centenary of the Anglo-Irish treaty, which ended the War of Independence and set out provisions for the division of the island of Ireland – learn how it was done, and its consequences, in this excellent read of the Weekend FT.

Ireland is a country that has been culturally and economically transformed since the days of the founding of the Irish Free State. The same can be said for the UK, of which Northern Ireland remains a part. Both sides are still working through their relationship with each other, now with the background of Brexit, and economically the past year has been a relatively good period for Northern Ireland, as the Office of National Statistics noted last month.

Tuesday marks 80 years since the bombing of Pearl Harbor by Japan, which brought the United States into World War II. Expect significant analysis of relations between the two countries, which has improved significantly on this key event since Shinzo Abe became the first Japanese prime minister. visit the site of the attack five years ago.

Sometimes seven days is not enough. Now that December is at hand, I look forward to 2022 and what events lie ahead. What are the key milestones you face in the coming year? It can be global or local, economic or political. Email me at

Economic data

Inflation is a constant in a changing world, it seems. The FT even has a useful tracker for you to compare countries. This week we will get further updates with consumer price index data from the US and China.

The Fed will enter purdah ahead of the Federal Open Market Committee meeting, which begins on December 14. But the central bankers will meet in Australia, Canada and India. It is unlikely that these committees will increase their rates, but it could be a different story in Brazil, which has has entered a recession while struggling to submit a rapidly rising cost of living.

Also look out for German factory orders, production and trade figures, UK monthly gross domestic product, manufacturing and UK retail consortium retail sales, plus trade balance and US Jolts jobs data.


In a lean week for earnings calls, a company whose brand is all about striving for thin comes. Lululemon Athletica wash with a good pandemic, and analysts expect the good news to continue when the company reports third-quarter results on Thursday.

Defense companies are fighting a backlash against socially-conscious investors, who are demanding greater transparency about their weapons production as well as their carbon footprint, like my colleague Sylvia Pfeifer reported last week. Babcock International, Britain’s second-largest contractor, which reports interim results on Tuesday, included for the first time in its latest a FAQ for its shareholders on nuclear weapons. annual report. Investors will be looking this week for indications of progress with Babcock’s sales, as well as how the company is handling other challenges.

Key economic and company reports

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


  • Eurozone, France, Germany, UK: IHS Markit Construction Purchasing Managers’ Index (PMI) data

  • Italy, retail sales figures

  • Germany, industrial order data

  • UK, Ben Broadbent, Deputy Governor, Monetary Policy, at the Bank of England gives a speech at Leeds University entitled “Prospects for Growth, Inflation and Monetary Policy”


  • Australia, cash rate target

  • British American tobacco trade update

  • China, France, Japan, USA: monthly trade balance figures

  • EU, revised Q3 GDP data

  • Germany, industrial production figures plus Zew economic sentiment survey

  • Japan, Q3 GDP Figures

  • UK, Halifax Monthly Home Price Index

  • US Federal Reserve Consumer Payment Credits

  • Results: Aspad Q2, Babcock International H1


  • Brazil, Canada, Poland: interest rate decisions

  • EU, European Systemic Risk Board quarterly general meeting

  • Poland, National Bank of Poland’s Monetary Policy Council Meeting

  • UK, BRC-KPMG Monthly Retail Sales Report

  • USA, Jolts jobs

  • Results: Berkeley Group H1, Tui Reis FY


  • China, Consumer Price Index (CPI) and Producer Price Index (PPI) data

  • Germany, trade balance figures

  • Japan, PPI data

  • Mexico, VPI data

  • UK, RICS house price balance plus Recruitment and Employment Confederation and KPMG work report

  • Results: Costco Wholesale Q1, Lululemon Athletica V3


  • Associated British Foods AJV

  • Germany, India, USA: monthly CPI figures

  • Italy, monthly industrial production figures

  • United Kingdom, monthly GDP, industrial production and construction data plus trade figures and index of services

World events

Finally, here is an overview of other events and milestones this week.


  • Centenary of the signing of the Anglo-Irish Treaty, which made possible the establishment of the Irish Free State with 26 provinces.

  • The International Maritime Organization, a UN agency responsible for maritime safety and the prevention of marine pollution, begins its biennial meeting in London


  • Italy, Milan’s La Scala opera and ballet season begins

  • USA, 80th National Pearl Harbor Remembrance Day



  • Tanzania, Uganda: 60 years since independence

  • Switzerland holds indirect presidential election


  • Norway, Nobel Peace Prize awarded in Oslo

  • UK Foreign Secretary Liz Truss to host G7 Foreign Ministers’ Foreign Affairs and Development Summit in Liverpool



  • United Arab Emirates, Formula 1 Abu Dhabi Grand Prix at Yas Marina Track

  • Sixth anniversary of the UN-mediated Paris Agreement on Climate Change

If you want to stay up to date on the day’s headlines, there’s a podcast to help. Click here to listen to Top Stories Today, an audio news review that gives you the latest news in less than three minutes.

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