Trump’s former fixer in court, UK by-elections and Argentina goes to the polls

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Hello and welcome to the work week.

There’s one story that will dominate the news over the next seven days. The Financial Times will provide comprehensive coverage of the extremely difficult and complex war between Israel and Hamas. Click here for our news, analysis and views on this tragic conflict.

In diary news this week, elections, party politics and corporate performance dominate the current earnings season, alongside more UK by-elections and other important national polls.

Donald Trump returned to a New York state court on Tuesday to hear his former lawyer and mediator Michael Cohen testify against him in a civil fraud case that clearly and understandably upset the former president.

Trump wants to return to office. Across the Atlantic, the Conservatives and the Scottish National Party are trying to retain power in the Westminster and Holyrood parliaments. That makes the SNP conference in Aberdeen, particularly embattled leader Humza Yusuf’s closing address on Tuesday, and Thursday’s Tamworth and Mid-Bedfordshire by-elections Important calendar entries. The results of the latter two votes are noteworthy, in part because they remain unresolved despite rising local anti-Conservative sentiment.

Argentina holds elections on Sunday and markets are nervous. The peso plunged against the dollar last week as voters and markets awaited a possible victory by radical right-wing economist Javier Milei, who wants to dollarize the economy.

The top economic data this week will be China’s third-quarter gross domestic product data, which will shed light on the recovery of the world’s second-largest economy, as well as UK employment and inflation data, further fueling the debate over whether the interest rate cycle is over. reach the peak.

Netflix and Tesla Quarterly technology results will be released this week, while Goldman Sachs, Bank of America, bank of new york mellon and Morgan Stanley Earnings reports from Wall Street banks are coming to an end.Semiconductor companies were another subject of analyst calls, especially Taiwanese chipmakers British Semiconductor Thursday. Taiwanese semiconductor suppliers are eyeing investment in Europe, as construction of the continent’s first advanced chip factory in decades reshapes supply chains.

Finally, a reminder of this week’s FT Central Bank newsletter from Chris Giles.Sign up here to receive it every Tuesday click here Sign up for a special webinar for FT subscribers to learn lessons about fighting inflation, broadcast on 26 October from 1pm to 2pm UK time.

Thank you again for your comments on this newsletter. Please email jonathan.moules@ft.com, or hit reply if you’re reading this in your inbox.

And one more thing. . .

Friday marks the 50th anniversary of the opening of the Sydney Opera House, located in Australia’s largest port – or Maybe now the second largest – City. Having had the pleasure of visiting it, I would say that it remains one of the wonders of the modern world. Judge for yourself.

Key economic and company reports

Here’s a more complete list of company reports and economic data expectations for this week.

on Monday

• walt disneyThe world’s largest entertainment company celebrates 100th anniversary

• Bank of England deputy governor Sam Woods speaks at London mansion with financial services leaders

• UK: Rightmove House Price Index for October

• result: Charles Schwab Q3, Hollywood Bowl transaction updates, Rio Tinto Third quarter operating review

Tuesday

• Swati Dhingra, external member of the Bank of England’s Monetary Policy Committee, speaks as a panellist at the Royal Economic Society Summit

• EU: Ecofin meeting expected to discuss how to unlock capital financing for economic bloc

• Germany: October ZEW Economic Sentiment Survey

• UK: Monthly Unemployment and Average Weekly Earnings Data

• US: September retail sales data

• result: Albertsons Q2, Bank of America Q3, bank of new york mellon Q3, bellway fiscal year, Ericsson Q3, Goldman Sachs Q3, JB Hunter Q3, Johnson & Johnson Q3, Jupiter Fund Management Q3 trading update, Lockheed Martin Q3, MoneySupermarket.com Third Quarter Transaction Statement, ninety one transaction statement, Omnicom Q3, prelude third episode

Wednesday

• China: Q3 GDP data

• EU: September Consumer Price Index (CPI), Harmonized Consumer Price Index (HICP) and Producer Price Index (PPI) inflation data

• UK: September CPI, PPI and Retail Price Index (RPI) inflation data.In addition, the National Bureau of Statistics house price index

• United States: Federal Reserve releases Beige Book

• result: ABB Q3, Abbott Laboratories Q3, Alcoa Q3, ASML Q3, Bharat Development Trading Updates and Annual General Meeting, BHP Group operational review, Citizens Financial Group Q3, crown castle Q3, Deutsche Börse Q3, Only takeout Q3 trading update, Lion Letter Asset Management Co., Ltd. H1 transaction update, L’Oreal Third quarter sales update, Morgan Stanley Q3, Nasdaq Q3, Netflix Q3, Northern Trust Q3, Procter Q1, Tesla Q3, United Airlines Q3, Volvo Q3, whitbread H1, Wipro Q2

Thursday

• France: October business confidence data

• United States: Conference Board Leading Index

• result: Ajay Bell transaction updates, American airlines Q3, AT&T Q3, black stone Q3, CSX Q3, delivery boy Q3 trading update, Dunelm Q1 trading update, Ikefax Q3, Hargreaves Landown Q1, London Stock Exchange Group transaction updates, Man Group transaction statement, Marsh McLennan Q3, Nestle Third quarter sales update, Nokia Q3, Pernod Ricard Q3, Philip Morris International Q3, PPG Industries Q3, Rank Group Transaction Statements and Annual General Meetings, Renault Q3, Rentokil Initial Third Quarter Transaction Statement, Roche Q3, Schroeders Q3 trading update, snap-on Q3, st james square Q3, British Semiconductor Q3, union pacific third episode

Friday

• UK: September retail sales data, GfK consumer confidence survey and public sector net borrowing data

• result: American Express Q3, Allied Signal Corporation Q3, Folkestones Q3 trading update, intercontinental hotel group Q3, bus company Q3, Schlumberger third episode

world events

Finally, here’s an overview of the week’s other events and milestones.

on Monday

• Germany: President Frank-Walter Steinmeier meets Jordanian King Abdullah II on state visit to Berlin

• South Africa: five days african energy week The conference opens in Cape Town, where business executives and politicians from across the continent will discuss the transition to renewable energy and current oil and gas reserves

• US: Federal court in Washington holds hearing on special counsel Jack Smith’s request for a court order restraining former President Donald Trump from speaking publicly about those involved in the federal election case against him

Tuesday

• Albania: French President Macron arrives in Tirana for the first bilateral visit by a French head of state in Albanian history

• China: President Xi Jinping attends Belt and Road Forum Commemorating the 10th anniversary of the Global Trade Initiative in Beijing

• UK: SNP leader Humza Youssef speaks on final day of SNP conference in Aberdeen

• US: Donald Trump’s former lawyer and fixer Michael Cohen will testify in a New York civil case in which the former president is accused of inflating his wealth by as much as $2.2 billion a year to obtain favorable loans

Wednesday

Thursday

Friday

• 50th anniversary of the opening of the Sydney Opera House

• US: President Joe Biden hosts European Commission President Ursula von der Leyen and European Council President Charles Michel in Washington, expected to show unity over the Israel-Hamas and Ukraine conflicts and may Making some progress on trade agreement

Saturday

Sunday

• Argentina: First round of voting in presidential election

• Switzerland: Holds federal and bicameral elections

• UK: 60th anniversary of National Theater premiere under first artistic director Laurence Olivier