A week for travel industry news

International Financial system updates

Signal as much as myFT Day by day Digest to be the primary to learn about International Financial system information.

Welcome (again) to the working week.

I’m grateful to have had the flexibility to have taken every week’s annual depart given the constraints on getting out of the home this 12 months. The query for these working within the journey, tourism and hospitality sectors is whether or not that course of goes to be made any simpler, and shortly sufficient, to keep away from long-term scarring. This week, we would get somewhat perception into that.

First, there are the airways. It’s not an excellent time to be within the trade, as Qantas Airways and Air New Zealand will little question reveal after they report quarterly and full-year earnings respectively. The longer term additionally seems none too vivid both given issues about local weather change.

However hope springs everlasting throughout the sector. This week, the UK’s second largest airport Gatwick — which is suffering badly itself — will kick off its marketing campaign for enlargement. It needs authorities backing for its plan to transform its second runway, at present solely utilized in emergencies, to a everlasting facility so as to add 55,000 further flights a 12 months.

One other indicator of the long run will include client confidence knowledge, first from the EU, then for Germany, France and Norway, and quarterly gross home product estimates for Germany and the US. The UK authorities will (hopefully) contribute to some readability with an replace on its international journey site visitors mild system.

What’s your view concerning the financial image within the coming months? Drop me a line at jonathan.moules@ft.com.

Firms

One group with one thing to cheer about this week is Hays, the recruitment firm reporting full-year earnings on Thursday. The rebound in employment within the UK, its residence market, has been a source of hope amid the Covid-19 gloom not only for this group however the economic system basically, and expectations are excessive after Hays reported a 39 per cent increase in net fees throughout its fourth quarter. Consideration will likely be targeted on how a lot this enterprise development has price provided that consultants are paid on fee and hiring will likely be essential to service new contracts. Throughout the pandemic Hays lower its price base by 13 per cent. The query now’s whether or not it has been capable of make that stick.

Financial knowledge

A key set of financial statistics launched this week would be the month-to-month buying managers’ index studies from IHS Markit, overlaying France, Germany, the eurozone, Japan, the UK and the US. Though not official knowledge, the worldwide nature of the PMI calculation makes it a useful gizmo for evaluating the relative financial progress of those nations.

Lastly, a plug for a particular Monetary Occasions occasion this week. You’ll be able to be a part of FT correspondents and friends to debate The Fall of Afghanistan: What Subsequent? Register for an FT subscriber webinar on Wednesday August 25 at 3:30pm CET/2:30pm BST/09:30am EDT.

Key financial and firm studies

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

Monday

• EU, European Fee flash client confidence numbers

• France, eurozone, Germany, Japan, UK, US: IHS Markit Composite Buying Managers’ Index (PMI) knowledge

• UK, CBI month-to-month industrial tendencies survey

• UK, Workplace for Nationwide Statistics family earnings, spending and wealth knowledge

Tuesday

• Germany, Q2 GDP development figures

• US, Division of Commerce July residential gross sales figures

• US, State Road month-to-month investor confidence Index

• RESULTS: Greatest Purchase Q2, Polyus Q2, PureTech H1, Wooden H1

Wednesday

Thursday

• Germany, GfK month-to-month client confidence survey

• Nigeria, Q2 GDP figures

• Russia, Inflation outlook

• UK, Society of Motor Producers and Merchants month-to-month automobile manufacturing figures

• UK, Financial institution of England capital issuance knowledge

• US, Bureau of Financial Evaluation Q2 GDP estimate

• US, Preliminary jobless claims

• RESULTS: Air New Zealand FY, Bouygues H1, Brunello Cucinelli Q2, CRH H1, Dell Applied sciences Q2, Hays FY, HP Q3, Polymetal Worldwide H1, TCS Group Q2

Friday

• China, Month-to-month Hong Kong property knowledge

• France, Nationwide Institute of Statistics and Financial Research client confidence figures

• Norway, Month-to-month client confidence figures

• RESULTS: Lukoil Q2

World occasions

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

Monday

• UK, Deadline for all 16- and 17-year-olds in England to be supplied a primary dose of a Covid-19 vaccine

• twenty fifth anniversary of Bin Laden declaring warfare on the US

Tuesday

• Japan, Tokyo 2020 Paralympic Video games start

• US, vice-president Kamala Harris begins tour of south-east Asia to strengthen American regional management with go to to Singapore

• US, Kathy Hochul turns into first girl to steer New York state when Andrew Cuomo steps down

• UN Safety Council assembly to debate Syria’s political and humanitarian points

• UN Human Rights Council is to carry a unprecedented session on Afghanistan

Wednesday

• UK, Worldwide Beatleweek Competition begins in Liverpool

• UN Safety Council debates Iraq mission and North Korea sanctions

Thursday

• UK, Election outcome for the brand new normal secretary of the Unite commerce union, the biggest single donor to the Labour get together

• UK, Replace on the federal government’s international journey site visitors mild system

• UK, Dwelling Workplace publishes immigration statistics

Friday

• US, Annual Jackson Gap Financial Symposium of central bankers. Downgraded final week to a one-day digital occasion owing to Covid-19 dangers

• UK, Studying and Leeds music festivals start. Each are offered out.