In a week filled with political and economic events, the spotlight is on Britain as the country gears up for the 2024 year of democracy. Local and mayoral elections in England and Wales on Thursday will determine the leadership of key cities like London, Birmingham, and Manchester.
Prime Minister Rishi Sunak faces a crucial test as the Conservative Party risks losing over 500 seats in the local authorities. If Labour secures key metro mayoral posts, a vote of no confidence could be on the horizon for Sunak. The general election expected later this year adds to the pressure on the Prime Minister.
Meanwhile, the US Federal Reserve is set to announce its rate-setting decision on Wednesday. With inflation not easing as expected, investors are anticipating a rate cut later in the year, possibly after the US presidential election in November.
In addition to these key events, a slew of economic data and company reports are expected throughout the week. Major companies like Amazon, Apple, HSBC, Samsung, and Shell are set to release their earnings reports, providing insights into the global economic landscape.
As the week unfolds, the Financial Times will keep readers informed on the latest developments and provide expert analysis on the implications of these events. Stay tuned for updates on the elections, economic data releases, and company reports shaping the financial landscape.
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