EU-China summit, COP28 and Boris Johnson testifies

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This text is an on-site model of our The Week Forward publication. Enroll right here to get the publication despatched straight to your inbox each Sunday

Hey and welcome to the working week.

Just like the buses, you watch for one summit then two important ones come alongside directly.

The headline act from final week, COP28, rolls on — register right here to look at FT Stay occasions direct from Dubai, whereas premium subscribers can join right here for Ethical Cash updates each weekday throughout the summit.

However added to this political jaw-jaw listing will probably be Thursday’s a lot anticipated two-day EU-China summit, hosted by President Xi Jinping in Beijing. The EU desires to commerce, however not at any value. European Fee president Ursula von der Leyen has referred to as for a “clear-eyed” strategy to China’s hardening international posture.

For the UK authorities, this week will begin with a reminder of final week’s blow up with the Greek prime minister over the Elgin Marbles because the Meidias hydria vase, faraway from Greece to the British Museum greater than 200 years in the past, goes on show (on mortgage) on the Acropolis Museum in Athens.

This will probably be only a prelude nevertheless to the discomfort that will probably be unleashed on Wednesday when the UK Covid inquiry begins grilling former prime minister Boris Johnson. Sajid Javid and Matt Hancock, each well being secretaries throughout the pandemic, have already instructed the inquiry that their boss was, respectively, “not in cost” and presiding over a “poisonous tradition” because the disaster unfolded, so Johnson has loads of explaining to do.

One other thorny home UK political situation will probably be raised with the publication on Monday of the Northern Eire affairs committee’s report on the effectiveness of the establishments of the Good Friday Settlement. Rigidity has been rising over the extended impasse at Stormont with politicians within the area calling for reform of the 1998 settlement to make political buildings extra sturdy and to mirror altering political dynamics.

In the meantime, Egypt goes to the polls on the weekend with President Abdel Fattah al-Sisi broadly anticipated to win re-election regardless of an financial disaster together with report inflation and overseas foreign money shortages.

There’s a regular run of financial information throughout the working week, with the relative state of the G7 economies highlighted by buying managers’ index surveys for the companies sector, US payroll information, Japanese inflation figures and a UK retail gross sales survey. Extra particulars about these and the trickle of earnings bulletins this week under.

Yet one more factor . . . 

Thanks to all of you who shared about your Creation preparations — “Christmas creep” seems to be an actual concern, alongside sightings of Valentine’s Day playing cards and different assorted pink merch in retailers on December 26.

For these for whom yuletide guidelines, your time has now come. St Nicholas Eve, the first event for gift-giving within the Netherlands and different nations, arrives on Tuesday. In the event you’re in search of that superb current — an orange wire jumpsuit or Meri Meri dinosaur costume — HTSI has the listing.

Preserve sharing your priorities for the week forward. Electronic mail me at or, if you’re studying this out of your inbox, hit reply.

Key financial and firm studies

Here’s a extra full listing of what to anticipate by way of firm studies and financial information this week.



  • Senior executives from Goldman Sachs, JPMorgan and different international banks to talk on the Goldman monetary companies convention in New York

  • Brazil: Q3 GDP figures

  • EU, France, Germany, Italy, Japan, UK, US: S&P World/Cips November companies buying managers’ index (PMI) information

  • France: Month-to-month industrial manufacturing figures

  • South Africa: Q3 GDP figures

  • UK: BRC-KPMG November Retail Gross sales Monitor, plus Kantar grocery market share figures and value inflation

  • Outcomes: Ashtead Group Q2, AutoZone Q1, DiscoverIE HY, Drax buying and selling replace, Ferguson Q1, JM Smucker Q2, Marston’s FY, Moonpig HY, Oxford Metrics FY, Peel Hunt HY, SSP Group FY


  • Australia: Q3 GDP figures

  • Germany: Month-to-month industrial orders information

  • UK: Financial institution of England publishes its newest twice-yearly Monetary Stability Report

  • Outcomes: British American Tobacco buying and selling replace, Brown-Forman Q2, Campbell Soup Q1, John Wiley & Sons Q2, Paragon Banking FY, Redde Northgate FY, Tui FY


  • China: November commerce steadiness figures

  • EU: Q3 GDP and employment figures

  • UK: November Halifax Home Value index

  • Outcomes: AJ Bell FY, Balfour Beatty buying and selling replace, Broadcom This autumn, Cooper Corporations This autumn, Greenback Normal Q3, DS Smith HY, Frasers Group HY, Lululemon Q3


  • Varied nations together with Italy, Spain, Portugal, Switzerland: Immaculate Conception public vacation. Monetary markets closed

  • China: November shopper value index (CPI) and producer value index (PPI) inflation price information (PM native time)

  • Germany: Remaining November CPI and harmonised index of shopper costs (HICP) inflation price information

  • India: Financial coverage committee rate-setting determination

  • Japan: Revised Q3 GDP figures (AM native time)

  • Russia: November CPI inflation price information

  • US: Month-to-month employment report

  • Outcomes: Related British Meals buying and selling replace forward of AGM, Berkeley Group HY

World occasions

Lastly, here’s a rundown of different occasions and milestones this week.


  • Monetary Instances Enterprise Guide of the 12 months introduced

  • Greece: The Meidias hydria vase, a Greek artefact that has been within the British Museum for the reason that 18th century, goes on show on the Acropolis Museum

  • UK: Westminster’s Northern Eire affairs committee publishes its report on the effectiveness of the establishments created by the Good Friday Settlement


  • The OECD releases its newest Pisa schooling research based mostly on take a look at outcomes of 15-year-olds’ studying, arithmetic and science talents in 90 nations. Click on right here for the outcomes at 11am CET

  • UK: 2023 Turner Prize winner introduced at an award ceremony in Eastbourne’s Winter Gardens. Click on right here for the shortlist

  • US: Senate banking committee anticipated to publish testimony from the chief executives of JPMorgan, Goldman Sachs, Financial institution of America, Citigroup and 4 different lenders forward of their look earlier than the Senate the following day


  • The Jewish pageant of Hanukkah begins this night, commemorating the rededication of the Holy Temple in Jerusalem within the second century BC

  • UK: Former prime minister Boris Johnson begins giving proof to the nation’s official Covid-19 inquiry, and is anticipated to proceed tomorrow


  • Brazil: 63rd summit of heads of state of Mercosur and related nations in Rio

  • China: EU-China Summit begins in Beijing, attended by European Fee president Ursula von der Leyen, European Council president Charles Michel and Chinese language President Xi Jinping

  • Italy: Milan’s La Scala theatre begins its 2023-24 season with a efficiency of Italian composer Giuseppe Verdi’s opera Don Carlo


  • Japan: G7 inside and safety ministers collect in Mito metropolis for a three-day summit

  • UK: Protest deliberate on the controversial Cumbria colliery to coincide with COP28, opposing approval of the nation’s first new deep coal mine in a long time

  • UK: Nationwide Audit Workplace report on monetary companies regulation, inspecting the Monetary Conduct Authority’s effectiveness in working with others, significantly Treasury officers



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