The Democratic Nationwide Conference hits Chicago

Whats up and welcome to the working week.

The subsequent seven days aren’t all in regards to the US, simply largely. The headline act would be the Democratic Nationwide Conference, which formally kicks off on the United Heart in Chicago on Monday with greater than 50,000 individuals 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 appear to be the Gloucester cheese-rolling contest, with momentum steadily constructing over the week. This 12 months will characteristic 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 deal with.

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 tug forward of Republican rival Donald Trump within the important battleground states of Michigan (+1.4 factors) and Wisconsin (+0.6 factors), in response to the (free to view) FT ballot tracker.

The ghost of the 1968 Democratic gathering in Chicago has hung over this 12 months’s DNC, nonetheless, because the FT’s lady on the bottom Claire Bushey explains.

Furthermore, pre-election polls have to be handled with warning. There may be nonetheless an extended method 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 considerations about inflation are the obvious dangers Harris faces, however she will additionally count on sharper assaults from the Republican camp and better scrutiny of her coverage plans.

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

The subsequent cease for the FT information bus this week is a bit 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 will probably be Federal Reserve chair Jay Powell, whose speech on Friday might want to react to latest poor US jobs knowledge and market volatility.

The financial knowledge run is far quieter over the following few days than final week, as is the schedule for firm outcomes. Most noteworthy will probably 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 under.

Yet one more factor . . . 

Thanks to all who’ve written in to level out both the place you might be on vacation this 12 months, or why few individuals in your nation are taking a break over the summer time. Thanks significantly to these writing from India on that final level.

My colleague Simon Kuper has a completely different take, pointing to document numbers getting away this 12 months, so please learn it and share your ideas.

Being European/British, I’m placing the out of workplace signal on my electronic 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 just a few hours catching up with colleagues within the Manhattan bureau, a few of whom had been there once I joined as a tech and telecoms reporter in 1999.

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

Hold your feedback coming about probably the most urgent gadgets for you and what I ought to (and shouldn’t) be together with. Electronic 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 stories

Here’s a extra full checklist of what to anticipate when it comes to firm stories and financial knowledge this week.

Monday

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

• Deutsche Bundesbank, Foundations of Regulation 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 knowledge

• UK: Rightmove August Home Worth 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 shopper worth index (CPI) inflation charge knowledge

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

• EU: July harmonised index of shopper costs (HICP) inflation charge knowledge

• 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 pageant, 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 knowledge

• UK: July public sector web borrowing figures

• US: Federal Open Market Committee assembly minutes printed

• Outcomes: Agilent Applied sciences Q3, Alcon Q2, Analog Units 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) knowledge

• 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 knowledge

• EU: ECB Client Expectations Survey

• UK: GfK Client Confidence Survey

World occasions

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

Monday

• FT and Schroders Enterprise Guide of the Yr lengthy checklist introduced

• Sint Maarten: common election, referred to 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 Heart, 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 masking 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 printed for GCSEs in England, Wales and Northern Eire. Additionally, nominations shut for poll to switch 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 pageant, begins in west London