What CAs need to know this week: 1 February 2016
A look ahead to some of the key things happening across the globe this week.
Monday’s Iowa Caucuses will see the first votes cast in the US Presidential campaign, with Donald Trump and rival Republican candidates going head to head, and Hillary Clinton pitched in battle with the other Democrat contenders.
Google parent company Alphabet will announce its fourth quarter earnings in a new way this week by breaking these up into two segments. Earnings will be reported for ‘Google’, which is its internet-related activity and ‘Other Bets’ - featuring businesses such as Nest, Google Capital and moonshot Lab X.
Last week saw some big trading announcements and the trend continues in the week ahead, with interim results including those from BT Group, BP and GlaxosSmithKline. There will be final year figures from Royal Dutch Shell, AstraZeneca and Ocado Group.
International lending bodies will this week begin a review of the package of reforms undertaken by Greece as part of the bailout agreement, with a view to re-profiling of the country’s debt. The bodies include the International Monetary Fund, the Eurozone bailout fund, the European Central Bank and European Commission.
Pfizer is due to post its fourth quarter results this week, amid continuing talks over a merger with Ireland-based Allergan. The merger has come in for criticism in the US after Pfizer revealed plans to also shift its headquarters to Ireland, which would significantly reduce its US tax liabilities.
News sources are reporting that North Korea in on the verge of launching a long range missile test, possibly this week. It conducted its fourth nuclear test in December and the US has been pushing for stronger UN sanctions amid continuing hostility, and growing strain in North Korea’s relationship with long time ally China.
The Bank of England and Confederation of British industry (CBI) are due to announce growth forecasts this week. The CBI will provide its latest growth forecast today (Monday) after downgrading its forecast at the end of last year. The Bank of England is expected to reduce its growth and inflation forecasts this week.
Senior representatives of the US-led coalition of mostly Arab and Western States fighting so-called Islamic State are due to meet in Rome this week. US Secretary of State John Kerry is due to attend the conference on Tuesday, with delegates reviewing progress on action in Syria and Iraq, and considering possible intervention in Libya.