Post by account_disabled on Feb 22, 2024 10:20:57 GMT
Central bankers will be in the spotlight this week with three major interest rate announcements in consecutive days. Federal Reserve Chair Jay Powell will kick things off on Wednesday when the Federal Open Market Committee announces its rate decision. He is widely expected to announce that the Federal Reserve will keep rates at 5.5 percent. There is more uncertainty over Andrew Bailey's announcement at the Bank of England on Thursday, although a 25 basis point rise is forecast. The Bank of England will be heavily influenced by UK inflation figures due to be published the day before the Monetary Policy Committee meets and are expected to show a slight increase in the headline rate compared to last month. On Friday it is the Bank of Japan's turn. The most likely option is no change, but Governor Kazuo Ueda last week raised the possibility of ending the period of negative interest rates at the end of the year.
Another week, another tech IPO, or even two. After Arm's excellent first day of trading in New York last Thursday, it's the turn of Instacart and klaviyo , both set to announce final pricing on Pakistan Phone Number Monday ahead of their US IPO. Does this herald a resurgence of IPOs? Catch up on the backstory here. The main earnings theme (in a light week for results) will be retail, mainly UK-based, with Kingfisher , Next and Ocado all reporting. This year's rain-soaked British summer (at least more so than last year) has been blamed for keeping shoppers off the high streets in August, so expectations are not high. Kingfisher investors are seeking an update to the DIY chain's strategy of opening new stores while increasing the percentage of sales generated online. One of the most surprising developments in this week's political diary will be the meeting between Sir Keir Starmer, leader of the UK opposition Labor Party, and French President Emmanuel Macron on Tuesday for talks at the Elysée Palace.
This public relations coup for Starmer will allow him to present his foreign policy objectives while burnishing his credentials as a budding prime minister. If you haven't read it yet, I recommend FT Magazine's cover story on why British Prime Minister Rishi Sunak thinks he can still win the next general election. We welcome your thoughts on this week's most important topics. Email me if you received this in your inbox, just hit reply. One more thing . . . Autumn arrives this week in the northern hemisphere, meteorologically speaking. So here's one last look at summer and an article I wrote about the joy of taking my family to Greece by train. Key economic and company reports Here's a more complete list of what to expect in terms of business reports and economic data this week. Monday Former UK Prime Minister Liz Truss delivers a speech on the state of the British economy at an Institute for Government online event. Michele Bullock becomes Reserve Bank of Australia governor, succeeding Philip Lowe following his appointment by Treasurer Jim Chalmers.
Another week, another tech IPO, or even two. After Arm's excellent first day of trading in New York last Thursday, it's the turn of Instacart and klaviyo , both set to announce final pricing on Pakistan Phone Number Monday ahead of their US IPO. Does this herald a resurgence of IPOs? Catch up on the backstory here. The main earnings theme (in a light week for results) will be retail, mainly UK-based, with Kingfisher , Next and Ocado all reporting. This year's rain-soaked British summer (at least more so than last year) has been blamed for keeping shoppers off the high streets in August, so expectations are not high. Kingfisher investors are seeking an update to the DIY chain's strategy of opening new stores while increasing the percentage of sales generated online. One of the most surprising developments in this week's political diary will be the meeting between Sir Keir Starmer, leader of the UK opposition Labor Party, and French President Emmanuel Macron on Tuesday for talks at the Elysée Palace.
This public relations coup for Starmer will allow him to present his foreign policy objectives while burnishing his credentials as a budding prime minister. If you haven't read it yet, I recommend FT Magazine's cover story on why British Prime Minister Rishi Sunak thinks he can still win the next general election. We welcome your thoughts on this week's most important topics. Email me if you received this in your inbox, just hit reply. One more thing . . . Autumn arrives this week in the northern hemisphere, meteorologically speaking. So here's one last look at summer and an article I wrote about the joy of taking my family to Greece by train. Key economic and company reports Here's a more complete list of what to expect in terms of business reports and economic data this week. Monday Former UK Prime Minister Liz Truss delivers a speech on the state of the British economy at an Institute for Government online event. Michele Bullock becomes Reserve Bank of Australia governor, succeeding Philip Lowe following his appointment by Treasurer Jim Chalmers.