Cultural managements

A week of important political and cultural milestones

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Hello and welcome to the working week.

There will likely be a lot of uncertainty over the next seven days as European foreign ministers prepare for meetings with Moscow to try to find a solution to the Russia-Ukraine standoff.

Looking back is useful for understanding today’s issues. And this week is rich in commemorations.

It begins with the anniversary of the Maastricht Treaty, signed 30 years ago on Monday by the 12 member states of what had been the European Community. It created the EU and laid the foundations for monetary union, while fueling the worries of those who oppose the pursuit of political union, arguably sowing the seeds of Brexit. Expect (more) soul-searching this week.

Another kind of political change happened in Iran this week in 1979, when the Islamic Revolution ended the shah’s monarchy and ushered in rule by the clerics. The country’s leaders will no doubt return to its importance, but the most pressing challenge for Tehran is economic recovery in the face of US sanctions, although progress is being made.

Two other anniversaries give an idea of ​​the evolution of technology.

This week in 1964, The Beatles made their American television debut on The Ed Sullivan Show, setting a record for audience figures that are still talked about today in the American media. It is also the anniversary of the victory of the IBM Deep Blue supercomputer over Garry Kasparov in chess in 1996.

Computer technology and television have both evolved and converged over the past quarter century in ways that neither the Fab Four nor the chess grandmasters could have imagined. Are we going to look back with the same amazement at today’s developments, such as DeepMind’s AI tool, AlphaCode – and perhaps wonder what Big Tech companies such as Meta were thinking?

Your answers — and other comments on The Week Ahead — to the usual address, [email protected]

Before moving on to business and corporate news, here’s a quick sheet for an FT competition to encourage young minds with potential answers to the climate change crisis. The FT is looking for examples of how pupils, teachers and schools around the world are tackling climate change, to feature in a special report on climate change for schools in March 2022. Submit your application here before February 14th.

Economic data

There has been much debate over the UK government’s claims about the strength of the pandemic recovery. The FT’s economics editor Chris Giles has written a clear explanation, and much attention will be paid to the country’s quarterly and monthly GDP estimates, released on Friday.

Elsewhere, there will be key data on US inflation and production and trade figures from Germany. Additionally, rate hikes are expected in Mexico and Russia, and the EU will update its economic forecasts.

Companies

We are deep into earnings season. This week it’s the turn of consumer goods companies, drug makers and automakers.

UnileverThursday’s annual results will come under scrutiny after the unpopular bid to buy GlaxoSmithKline’s consumer healthcare division and news of a stake acquisition by activist fund Trian Partners, co-founded by Nelson Peltz. As mayonnaise maker Hellmann’s plans a reorganization that will eliminate ice cream from the rest of its food business, investors will want to know whether it will sell one or both food divisions and how it plans to improve performance in the rest of the food business. portfolio – as well as if the company’s chief executive, chief financial officer and chairman can all survive the current GSK debacle.

Results of Coca Cola and PepsiCo will reveal whether a resurgence in Covid-19 cases around the world drove down demand for soda in the December quarter. New lockdown measures in China have plagued restaurant chains McDonald’s and Starbucks, revenue showed, while supply chain costs, including delays from Canada, continued to rise. Still, analysts expect Coca-Cola and PepsiCo to post higher revenue compared to the same quarter in 2020.

Japanese automakers Nissan and Honda will unveil their P&Ls this week. But investors will be watching to see if Toyota, the world’s top car seller in 2021, can ignore the impact of chip shortages in the coming months after it announced in January that a supply problem would force it to cut production for February – this notes Lex provides an explanation of the consequences. In terms of production, this means Toyota will likely miss its production target of 9 million vehicles for the fiscal year ending in March.

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.

Monday

  • IHS Markit Purchasing Managers Index (PMI) data for the Asia region

  • China, Caixin composite and services PMI data

  • EU and European Central Bank President Christine Lagarde speaks during a hearing before the European Parliament’s Committee on Economic and Monetary Affairs

  • Germany, monthly industrial production figures

  • Indonesia, Q4 GDP

  • Japan, trade balance figures for December

  • UK, Halifax House Price Index

  • United States, monthly consumer credit figures

  • Results: Aurubis Q1, BB Seguridade Participations Q4, Hasbro Q4, Main financial Q4

Tuesday

  • Bell business update

  • France, trade balance figures for December

  • Italy, retail sales data

  • Poland, meeting of the monetary policy committee of the National Bank of Poland

  • UK, monthly BRC-Barclaycard retail sales monitoring report

  • United States, monthly trade balance figures

  • Results: BNP Paribas AF, BP AF, CNH Industrial AF, Harley-Davidson Q4, Iveco AF, Lyft Q4, Nissan engine Q3, ocado AF, Pfizer Q4, Security AF, Soft Bank Q3, Thomson Reuters Q4, Tui Travels Q1

Wednesday

  • Germany, trade balance figures for December

  • Italy, industrial production figures

  • Japan, producer price index (PPI) figures

  • Russia, consumer price index (CPI) figures

  • Sweden, the Riksbank holds its monetary policy meeting in Stockholm

  • Speech by Huw Pill, chief economist of the BoE in the United Kingdom, at the annual conference of the Society of Professional Economists: “UK Monetary Policy outlook”.

  • Results: ABN Amro Q4, Adyen H2, Aegon Q4, Akzo Nobel Q4, Barratt Developments H1, dunelm H1, Equine Q4, GlaxoSmithKline Q4, Handelsbanken AF, Honda Q3, L’Oreal AF, Maersk Group Q4, mediobank H1, Kappa Smurf AF, Toyota Q3, UberTechnologies Q4, Walt Disney Company Q1, Yum Brands Q4

Thusday

  • Organization of the Petroleum Exporting Countries Monthly Petroleum Market Report

  • EU and European Commission publish economic forecasts for the Eurozone

  • United Kingdom, Royal Institution of Chartered Surveyors Monthly Housing Market Survey and Recruitment & Employment Confederation-KPMG Monthly Employment Report. Additionally, BoE Governor Andrew Bailey delivers a speech at TheCityUK’s annual dinner.

  • United States, January CPI data

  • Results: ArcelorMittal Q4, Ashmore Group H1, Astra Zeneca AF, Beazley AF, Bomber AF, Coca-Cola Company Q4, Agricultural credit AF, Swiss credit AF, Deutsche Borse Q4, Kellogg Company Q4, Linde Q4, Mazda engine Q4, PepsiCo Q4, Pernod Ricard H1, Philip Morris AF, Relaxation AF, Siemens Q1, Societe Generale AF, Thyssenkrupp Q1, Total Q4, Twitter Q4, Unilever AF, VeriSign Q4, Western Union Q4, Zurich Insurance AF

Friday

  • British American Tobacco Preliminary declaration of the exercise

  • Germany, final CPI data

  • India, monthly industrial production figures

  • Russia, decision on key rates

  • UK GDP estimates, fourth quarter and December plus trade balance and December industrial production data

Global Events

Finally, here’s a look at some of the other events and milestones from this week.

Monday

  • EU, 30th anniversary of the signing of the Maastricht Treaty, founding of the EU

  • US and German Chancellor Olaf Scholz is due to meet US President Joe Biden at the White House

Tuesday

  • United Kingdom, the General Synod of the Church of England meets in London. The debates will probably focus on the Church’s attitude towards homosexual relationships and the questioning of slavery.

  • United States, nominations for the 94th Academy Awards, the Oscars

Wednesday

Thusday

  • The IBM Deep Blue supercomputer beat Garry Kasparov in chess for the first time on this date in 1996

  • Germany, the 72nd Berlin International Film Festival begins

Friday

  • Iran, Revolution Day organized on the anniversary of the 1979 Islamic uprising

  • UK, Covid tests abolished for doubly vaccinated travelers arriving in England

  • United States, New York Fashion Week begins

Saturday

  • Hungary Prime Minister Viktor Orban delivers annual State of the Nation Address

  • Myanmar, Union Day to mark the country’s full independence in 1947

  • In the United States, former President Abraham Lincoln was born on this date in 1809

Sunday

  • Germany, a special federal convention (Bundesversammlung), whose membership is equally divided among members of the Bundestag selected by the 16 federal state parliaments, votes to appoint the country’s next president

  • The 56th American Super Bowl, the highlight of the American football season, will be played at SoFi Stadium in Inglewood, California

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