The FT’s Daniel Garrahan previews some of the big stories to watch this week, including Ireland electing a president as Brexit talks over the Irish border rumble on, the earnings season for leading carmakers and an ECB meeting to discuss life after QE
Here are some of the big stories the financial times will be watching in the week ahead ireland goes to the polls and a presidential election as brexit negotiations over the irish border run belong earnings season for big car makers is in full swing we’ll be watching results from renault ford psa and damon and the ecb meets in frankfort to discuss qe first to
Ireland which goes to the polls and a presidential election on friday it’s the first time in decades that the incumbent head of state faces a contest for a new term in the largely ceremonial office survey suggest that president michael d higgins a veteran of the opposition labour party is on course for a comprehensive victory irish premier li / ad car supports
Vienna falls mr. higgins mr. higgins nearest rival sean gallagher as one of three businessman running as independents who were panelists on the dragons den tv show shin vanes candidate is on 11% in the latest polls but ireland is focused on this election just as the uk is embroiled in brexton negotiations which have reached an impasse over the irish border question
Well the issue of avoiding a hard border between ireland and the rest of the uk after brexit it’s still the major sticking point tereza may hope last week to secure some sort of deal and move forward with the talks but unfortunately there’s still deadlock so much so that resume is actually suggesting extending the transition period those the years in which we
Stay pretty much where we are aligned to the eu until we form some sort of formal post brexit agreement but it’s not going to go down well with conservative mps and we can expect to see them making their views very known they’re worried that any extension to the transition could see us paying in more to the eu for longer than they’d like us to and we still don’t
Know the shape of the final agreement and the trading relationship that we will have with the eu after brexit and after their transition the irish issue is still fundamental we don’t know how it’s going to be resolved and we don’t know when now emissions regulation and trade disruption are expected to hit car makers profits when they report results over the
Next fortnight a new european certification regime called w ltp have seen all brands forced to retest or model that’s led to a backlog of laboratories and some vehicles not on sale during september the result was a volatile trading with 23.5% sales job in europe last month but there was a glut in august as manufacturers flooded for quartz to shift vehicles that
Didn’t comply with the rules renault for daimler and the peugeot owner psa will all report quarterly earnings this week the slowdown in the chinese market in the us-china trade war is also likely to hit profits ford’s already warned that metal tariffs are cost it 1 billion dollars in higher prices electric ambitions are also likely to be in focus after european
Commission rules gave car makers until 2030 to lower co2 emissions by 35% shareholders are we wanting to see which car manufacturers have a handle on the unique set of challenges facing them during the last quarter in europe new emissions regulations as meant that some of the manufacturers have not been able to sell all of their vehicles during september this has
Led to a massive fall in brands such as vw another major issue facing the car makers shareholders were we wanted to see progress on is the us and global trade many of the car makers use their u.s. plants to export all over the world whether they’ll have to change those plans after donald trump is a question that’s still open and then there’s the issue of china
It’s the world’s largest market and for many of the manufacturers it’s their biggest source of profit but the market has been slowing sales are falling after almost three decades of growth and the companies will have to answer questions on how they’re going to tackle that situation and finally to frankfurt where the euro zone’s monetary policy makers meet this
Thursday discussions are set to begin on muscle follow on the end of their mass bond-buying program known as quantitative easing policy makers we’re paying close attention to goings-on in rome in recent weeks the spread between what it costs the italian government and the german government to borrow in its highest level in five years as investors anticipate a
Budget standoff between brussels and rome but investors concerns are unlikely to dissuade the ecb from its plans to call time on qe with the banks set to stop expanding the 2.5 trillion euro program at the end of the year that’s despite calls from some italian lawmakers for policymakers to continue buying more of the country’s debt since european central bank’s
Last policy meeting six weeks ago we’ve seen global market turmoil we’ve seen a worsening of relations between brussels of rome and we’ve also seen further signs that exports are being dented by the trade wall between the us and china none of that however is likely to mean that the european central bank changes tack it’s bad news for the eurozone’s economy but
Mario draghi is still going to be intent on ending quantitative easing by the end of this year what policymakers are likely to discuss in this meeting and in the december vote is how they can do more to flesh out the strategy for 2019 and that’s what the week ahead looks like from the financial times in london
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Ireland election amid border talks, carmakers report results By Financial Times
