The Democratic Nationwide Conference hits Chicago

Howdy and welcome to the working week.

The following seven days should not all in regards to the US, simply largely. The headline act would be the Democratic Nationwide Conference, which formally kicks off on the United Middle in Chicago on Monday with greater than 50,000 folks anticipated to attend over the next few days, together with FT colleagues.

The DNC is an act of choreography to make an Olympic opening ceremony seem like the Gloucester cheese-rolling contest, with momentum steadily constructing over the week. This yr will function speeches by President Joe Biden, then former presidents Barack Obama and Invoice Clinton earlier than the arrival on Thursday of Kamala Harris for her coronation tackle.

Since Biden stepped apart to permit Harris to take the nomination, the get together temper has been reworked, offering a momentum that has enabled her to drag forward of Republican rival Donald Trump within the crucial battleground states of Michigan (+1.4 factors) and Wisconsin (+0.6 factors), in keeping with the (free to view) FT ballot tracker.

The ghost of the 1968 Democratic gathering in Chicago has hung over this yr’s DNC, nevertheless, because the FT’s girl on the bottom Claire Bushey explains.

Furthermore, pre-election polls have to be handled with warning. There’s nonetheless a protracted strategy to go till the election itself on November 5, the one ballot that counts. Turmoil within the Center East, a slowdown in US jobs progress and protracted voter issues about inflation are the obvious dangers Harris faces, however she will additionally count on sharper assaults from the Republican camp and larger scrutiny of her coverage plans.

So for now one query stays: can Harris keep her momentum?

The following cease for the FT information bus this week is a bit of additional west at Jackson Gap, Wyoming, venue for the annual gathering of central bankers, finance ministers and enterprise executives hosted by the Federal Reserve Financial institution of Kansas Metropolis. The 2024 Jackson Gap Financial Symposium begins on Thursday and the headline act might be Federal Reserve chair Jay Powell, whose speech on Friday might want to react to latest poor US jobs information and market volatility.

The financial information run is way quieter over the subsequent few days than final week, as is the schedule for firm outcomes. Most noteworthy might be an rate of interest announcement by China’s central bankers, the publication of minutes from the Federal Open Market Committee rate-setting assembly and the worldwide comparisons supplied by the buying managers’ index (PMI) comparisons between China, India and G7 wealthy nations. Extra particulars beneath.

Yet another factor . . . 

Thanks to all who’ve written in to level out both the place you might be on vacation this yr, or why few folks in your nation are taking a break over the summer season. Thanks notably to these writing from India on that final level.

My colleague Simon Kuper has a completely different take, pointing to report numbers getting away this yr, so please learn it and share your ideas.

Being European/British, I’m placing the out of workplace signal on my e mail, taking my household to the place the place my FT story started 25 years in the past: New York Metropolis. I’ll subsequently break the cardinal rule on holidays and spend a couple of hours catching up with colleagues within the Manhattan bureau, a few of whom had been there after I joined as a tech and telecoms reporter in 1999.

The Week Forward by no means rests, nevertheless, so David Hindley and Melody Abike Adebisi might be your guides whereas I’m away. Thanks each.

Maintain your feedback coming about essentially the most urgent gadgets for you and what I ought to (and shouldn’t) be together with. E-mail me at jonathan.moules@ft.com (I promise to learn them on my return) or, in case you are studying this out of your inbox, hit reply.

Key financial and firm studies

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

Monday

• Twentieth anniversary of web search engine firm Google debuting on New York’s Nasdaq trade

• Deutsche Bundesbank, Foundations of Legislation and Finance, Frankfurt Faculty of Finance & Administration and CEPR two-day convention on regulating monetary markets begins on the Frankfurt Faculty of Finance and Administration campus

• Japan: June machine orders information

• UK: Rightmove August Home Value Index

• Outcomes: Lendlease FY, Palo Alto Networks This fall, Plus500 HY, Suncorp FY

Tuesday

• Takeover Panel prolonged deadline for Bellway to both announce a agency intention to make a suggestion for Crest Nicholson or announce that it doesn’t intend to make a suggestion

• Canada: July client worth index (CPI) inflation charge information

• China: Individuals’s Financial institution of China mortgage prime charge announcement

• EU: July harmonised index of client costs (HICP) inflation charge information

• UK: July insolvency statistics

• Outcomes: Lowe’s Q2, Medtronic Q1, Wooden Group HY

Wednesday

• Financial institution of Italy Governor Fabio Panetta speaks at Italian cultural competition, the Rimini Assembly, on debt sustainability and financial improvement

• Indonesia: rate of interest announcement

• Japan: July commerce stability figures

• South Africa: July CPI inflation charge information

• UK: July public sector internet borrowing figures

• US: Federal Open Market Committee assembly minutes revealed

• Outcomes: Agilent Applied sciences Q3, Alcon Q2, Analog Gadgets Q3, Costain HY, Mobico HY, Goal Q2, City Outfitters Q2, Zoom Q2

Thursday

• EU: European Central Financial institution publishes the accounts of its final financial coverage discussions

• Eurozone, France, Germany, India, Japan, UK, US: S&P International/HCOB/HSBC/au Jibun Financial institution flash buying managers’ index (PMI) information

• South Korea: rate of interest announcement

• Turkey: rate of interest announcement

• Outcomes: Aegon HY, Hays FY buying and selling replace, Intuit This fall, MacFarlane HY, Ross Shops Q2, Swiss Re HY, TD Financial institution Group Q3

Friday

• Federal Reserve chair Jay Powell is scheduled to ship remarks on the financial outlook on the Jackson Gap Financial Symposium

• France: August enterprise confidence survey

• Japan: July CPI inflation charge information

• EU: ECB Shopper Expectations Survey

• UK: GfK Shopper Confidence Survey

World occasions

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

Monday

• FT and Schroders Business E-book of the 12 months lengthy checklist introduced

• Sint Maarten: basic election, known as after the coalition authorities led by Prime Minister Luc Mercelina misplaced its majority within the 15-seat parliament

• US: The Democratic Nationwide Conference opens within the United Middle, Chicago, working till Thursday

Tuesday

• UK: Edinburgh Tv Pageant begins within the Scottish capital, working till Friday

• US: presidential candidates anticipated to file monetary disclosures to the Federal Election Fee overlaying the earlier month

Wednesday

• China: World Robotic Convention begins in Beijing. Additionally, Fiji Prime Minister Sitiveni Rabuka completes a go to to the nation, searching for to extend financial ties with Beijing

Thursday

• UK: outcomes revealed for GCSEs in England, Wales and Northern Eire. Additionally, nominations shut for poll to interchange Douglas Ross because the Scottish Conservative chief

• US: Jackson Gap Financial Coverage Symposium begins in Wyoming

Saturday

• Saudi Arabia: eSports Awards, recognising excellence in on-line gaming

• Ukraine: Independence Day, commemorating the declaration of independence from the USSR in 1991

Sunday

• UK: Notting Hill Carnival, 58th annual road get together and African Caribbean cultural competition, begins in west London