In Spain, the week begins with the publication, by the Institute of National Statistics (INE), of the harmonised labour cost index for the third quarter.
After a start to the week marked by the absence of macroeconomic references, on Tuesday, the unemployment rate in the United Kingdom will be published.
The week will continue with industrial production data from the United Kingdom and the Eurozone, which will likely continue to be affected by the tightening of financial conditions and global geopolitical tensions. Likewise, the United Kingdom will also publish data on its trade balance, which showed a deficit in its last result.
Thursday will be key for the global economy given that the meetings of the ECB and the BoE will take place, which could offer greater visibility on the interest rate scenario for the year 2024, in a context marked by uncertainty about the evolution of prices and the economic situation. On this same day we will also know the evolution of prices in Spain in November, which will surely be marked by the reduction in energy prices.
At the end of the week, the advance data of the Eurozone services and manufacturing PMIs in December will be published, which will reflect the evolution and situation of European economic activity at the end of 2023. This data will be accompanied by the publication of the French CPI, and the trade balances of Italy and the Eurozone.
At the business level, the publication of Inditex results stands out; along with the dividend payment date of Merlin Properties, Atresmedia and Telefónica.
Christmas is fast approaching, and although it is a time of celebration and joy, it is also a time of extreme risk at times on the roads, fuelled largely by the consumption of alcohol and drugs. Across Europe this week, there is a campaign focussing on the consumption of alcohol and drugs before driving, a campaign which extends to Spain, where the Guardia Civil will be carrying out extensive checks throughout the week. Remember, the only safe level is zero.
Returning to the UK and the Covid inquiry continues, albeit the final week of this session, with current Prime Minister (as we publish) Rishi Sunak on Monday. Sunak has of course been criticised for his Eat Out to Help Out scheme whilst Chancellor. The inquiry rounds off the week with a series of statements on Wednesday and Thursday.
Tuesday, incidentally, marks 4 years since the Conservatives won a landslide victory in the 2019 general election. We know they like a party, so it could be a week of celebrations for them.
David Cameron appears at the committee session on UK-EU relationship on Tuesday, the same day that COP28 comes to a close, although with little agreement reached by the world’s superpowers who flew around the world to discuss climate change actions.
In the world of crime, Jon Venables will no doubt be in the headlines later in the week, as Friday marks the deadline for his parole decision. Venables one of the pair who murdered James Bulger in 1993. In the UK, we also have a trial against a man accused of plotting a school shooting, and sentencing in a case of nurses found guilty of drugging patients in Blackpool.
And finally, Saturday is a day to look forward to for chocolate lovers in the UK, although there is no reason whatsoever why this particular celebration shouldn’t be extended globally, as it is Chocolate Covered Anything Day, to which we will leave it to you and your imagination how you choose to celebrate.
Other Articles
EU fishing quotas to be agreed
Foodies Opens at Alicante Airport
