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Live news: Week ahead schedule

This week has been rich with memories.

It begins with the celebration of the Maastricht treaty, signed 30 years ago by the 12 member states of the European Community. It established the EU and laid the groundwork for the monetary union as well as fueling the concerns of opponents of political union further, arguably. sowing the seeds of Brexit. Expect some (more) soul searching this week.

Another kind of political change happened in Iran this week in 1979, when the Islamic revolution ended the monarchy of the shah and ruled by clerics. The country’s leaders will certainly look back on its importance, but the more pressing challenge for Tehran is economic recovery in the face of US sanctions, albeit develop Being made.

Jacques Delors, former president of the European Commission, was instrumental in the events leading up to the signing of the Maastricht treaty
Jacques Delors, former president of the European Commission, was instrumental in the events that led to the signing of the Maastricht treaty © AFP / Getty Images

Economic data

There has been much debate about the UK government’s claims about the power of pandemic recovery. Much attention will be focused on the country’s quarterly and monthly GDP estimates, to be released on Friday.

Elsewhere, there will be data on US inflation and German trade and manufacturing figures. Plus rate hikes are expected in Mexico and Russia, and the EU will update its economic forecasts.

Companies

We’re deep into earnings season. This week it’s the turn of consumer goods companies, drugmakers and motor manufacturers.

Unilever’s Thursday’s full-year results will face scrutiny following an unpopular attempt to buy GlaxoSmithKline’s consumer health division and news that activist fund Trian Partners – co-founder Nelson Peltz – bought back shares. As mayonnaise maker Hellmann plans to reorganize to get ice cream from the rest of its food division, investors will want to know if it will sell either or both of its food divisions. and how to boost performance in the rest of the portfolio – as well as whether the company’s chief executive officer, chief financial officer and president can survive the current collapse of GSK. Are not.

Results from Coca-Cola and PepsiCo will reveal whether a resurgence in Covid-19 cases around the world will dampen soda demand in the December quarter. New lockdown measures in China make it difficult for restaurant chains McDonald’s and Starbucks, their income shows, while supply chain costs, including delays from Canada, continue to mount. However, analysts expect Coca-Cola and PepsiCo to report higher revenue year-over-year in 2020.

Japanese carmakers Nissan and Honda will reveal their P&Ls this week. But investors will be watching to see if Toyota, The world’s top car seller in 2021, the impact of chip shortages may be lessened in the coming months after it was announced in January that supply problems would force it to cut production for February – this note from Lex reads explanation of consequences. In terms of output, that means Toyota is unlikely to hit its 9-million-vehicle production target for the fiscal year through March.

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