An aerial view of Irpin, northwest of Kyiv. The town was destroyed by shelling © AFP via Getty Images

Ukraine conflict is a certainty for this week’s news events but activity will largely go un-logs – with the exception of events like the UK reopening its embassy in Kyiv – over the next seven days. . Ironically, there’s a long list of other war anniversaries this week – from Anzac Day Monday to Saturday in Vietnam Liberation Day. A reminder that peace is an unattainable dream for this world in modern times.

At the same time, we are in for a kind of mini-holiday. Easter, orthodox or otherwise, has been disappearing and this coming Sunday heralds various May Day celebrations around the world.

On Sunday night, Emmanuel Macron defeated Marine Le Pen in the French presidential election, with the incumbent far-right rival giving in shortly after first projections showed him winning more than 58% of the vote. elected. Stay tuned to the Financial Times for this week’s analysis.

Descendants of Australian soldiers hold wreath-laying ceremony

Descendants of Australian soldiers hold a wreath-laying ceremony. This year is the 107th anniversary of the Gallipoli conflict © REUTERS

Economic data

It’s been a pretty full week of economic news with inflation figures for France, Germany and eurozone countries as well as first quarter GDP estimates for the eurozone, US, South Korea, France, Germany , Italy and Spain plus the Bank of Japan interest rate decision.

The conflict in Ukraine is having a more immediate and lasting impact on the global economy, as the IMF highlighted last week when it cut growth forecasts by many countries.

The New World Order (dis) was described by Pierre-Olivier Gourinchas, the chief economist of the IMF, in an interview with the FT. “If we become a world of disparate blocks, we will have to undo a lot of the integrated economies we built and the supply chains we built. . . and build something else narrower [and] on a smaller scale,” he said.

“There will be adjustment costs [and] there will be a loss in efficiency and that can lead to an increase in unit costs because things are not done as efficiently as before. ”

Companies

It’s going to be a week for corporate earnings enthusiasts this week. Big Tech has had a good pandemic. The question now is whether Meta, Alphabet, Amazon.com, Microsoft or Spotify can maintain their strong growth rates. After Netflix’s staggering drop in subscribers last week, investors are worried, although as it has been pointed out there are differences between a company that is entirely focused on streaming. streaming TV shows and movies and other technology businesses.

Apple’s golden baby can now brand itself as a Hollywood player after winning top prize at the Oscars, but its investors are worried about its ability to deliver a new set of tech amid scene of a wave of lockdowns at some of their Chinese manufacturing centers. You know, the next iPhone model won’t be self-made. Analysts at Morgan Stanley believe that Wall Street’s consensus forecast for the June quarter of $86.7 billion (up 6% year-on-year) “looks high” compared to typical caution. by chief executive Tim Cook when giving instructions.

Read the rest of last week’s calendar here

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