Live updates: New home prices in urban China continue to decline in December

Are you prepared for Blue Monday, the day this yr at first of this week that former Cardiff College psychologist Clive Arnall calculated in 2005 because the gloomiest 24 hours on the calendar?

Arnall Eldam’s conclusion concerning the third Monday of the primary month (which he has since tried to counter) was primarily based on evaluation of knowledge, resembling shopper surveys, divorce filings and climate stories. The primary conclusion many people draw from this evaluation is that not all tutorial analysis is nice for society.

When you’re a world chief or CEO not less than you will have the World Financial Discussion board in Davos to distract you from the January blues. The FT Stay crew will even be within the Swiss resort city, internet hosting a number of in-person and digital occasions the place leaders in politics, enterprise and finance will share insights on the large points being mentioned. You’ll be able to view occasions and Register free of charge right here.

For the remainder of us, we’ll simply should dwell with the grim financial information in 2023 and hope issues get higher.

In case you are within the UK, the prevailing truth is the mass strike. It might not be near being a second ‘winter of discontent’, not less than in response to my colleague Jonathan Guthrie, however one other poll amongst ambulance staff is about for this week whereas the Universities and Schools Union proclaims a wave of 18 new strikes this week overlaying 150 universities. Britain in February and March after its members voted final week to reject the most recent cost provide.

Northern Eire Protocol will rear its head once more with Thursday’s deadline to revive power-sharing in Stormont. Do not count on this to make you’re feeling higher about cross-border life or politics.

Abortion rights activists march from Washington Square Park to Bryant Park in New York this past June

Abortion rights activists march from Washington Sq. Park to Bryant Park in New York final June © Alex Kent / AFP / Getty Photos

Sunday marks the fiftieth anniversary of the US Supreme Court docket’s Roe v. Wade choice that enshrined People’ constitutional proper to abortion. That is, after all, a really energetic debate — extending even to the boardroom — within the wake of the Supreme Court docket’s choice final yr to overturn the 1973 choice. Anti-abortion activists will march in Washington on Friday, prompting additional commentary concerning the underlying political fault line in the USA.

The week will finish with one other man-made day, this time primarily based on astronomy: the celebration of the Lunar New 12 months. This yr’s mass motion to go to households and mates to have fun the event will occur in gentle of the rising ranges of Covid in China. Issues concerning the influence on the unfold of the illness are excessive.

One thing to sit up for a bit is a night with Monetary Instances columnist Martin Wolf. Be part of Martin and different on-line thought leaders for a subscriber-exclusive occasion on January 31 to debate the important thing modifications wanted on this time of nice international uncertainty. The dialogue coincides with the publication of Martin’s new guide, The disaster of democratic capitalism. Register free of charge right here.

Financial knowledge

Tesco Cashierless store in High Holborn, London

Tesco chief government Ken Murphy has warned that UK inflation may rise additional. © Luke MacGregor / Bloomberg

It will likely be a sequence crowded with knowledge from China, the UK and the US this week. The European Central Financial institution will publish the minutes of its December assembly on Thursday, and central bankers will talk about a number of regional and international economies in Davos.

The UK inflation fee will likely be up to date on Wednesday. The outlook will not be good, particularly after current feedback by Financial institution of England chief economist Hugh Bell. Even Ken Murphy, chief government of the UK’s largest meals retailer Tesco, warned that UK inflation may rise additional. Final month’s launch confirmed that the price of residing as decided by the patron worth index was 10.7 p.c in November, down from 11.1 p.c in October.


We’re within the midst of the primary earnings season of 2023 and it is an important bunch of firms, notably from Europe and (when Wall Road comes again from the Martin Luther King Day vacation) the US.

On-line meals ordering companies Simply Eat Takeaway and Deliveroo will replace buyers about their festive gross sales on Wednesday and Thursday, respectively. Each are beneath strain to attain improved profitability. The tip of the lockdown was not good for meals ordering apps as prospects opted to return to eating places.

The query now could be whether or not the recession will assist these firms — as extra individuals get takeaway as a substitute of consuming out — or hit them additional as prospects reluctantly return to their kitchens. Efforts to spice up grocery gross sales, by partnerships with supermarkets and comfort apps like Getir, might give Deliveroo and JET a slice of the home-cooking market, too.

Final yr was a yr to neglect for Ocado Retail. The web grocery store, which is collectively owned by Ocado — which stories numbers on Tuesday — and Marks and Spencer, parted firm with CEO Melanie Smith and warned about earnings a number of occasions; Its gross sales are anticipated to say no for the primary time in its historical past.

A woman walks through unclaimed bags in the Southwest Airlines baggage claim area in Salt Lake City

Public consideration has centered on low-cost Southwest Airways’ technical glitches © Rick Bowmer / AP

In its newest replace in September, Ocado mentioned it expects sturdy buyer progress and gross sales progress of about 5 p.c for the fourth quarter. This will likely be much like the expansion Tesco and J Sainsbury’s achieved final week, after British consumers splurged on their first Christmas in two years to not be disrupted by Covid-19.

US airways reported fourth-quarter and full-year earnings as public consideration centered on technical glitches at low-cost provider Southwest Airways and the nation’s largest aviation regulator that induced the high-profile meltdowns. However for many airways, the information is more likely to be rosy, as (regardless of the elevated curiosity in non-public jets post-Covid) demand for industrial flights is driving up earnings.

United Airways will report again on Wednesday. Count on CEO Scott Kirby to have a number of stinging phrases for the US Federal Aviation Administration, which grounded planes for 2 hours on Wednesday when a corrupt database file induced a serious security system to fail. Over the summer time, he mentioned, the company wanted extra air visitors controllers.

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