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Anniversaries of events that remain unresolved to dominate the week

Anniversaries of events that remain unresolved to dominate the week

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Hello and welcome to the working week,

Prepare yourselves to be reminded of past scandals and war, which still resonate today. Tuesday is the fifth anniversary of the fire that engulfed west London’s Grenfell tower block, exposing shortcomings in the building’s cladding and sparking a crisis for apartment owners across the UK that continues to generate repercussions.

It also happens to be the 40th anniversary of the end of the Falklands war, the wounds from which remain fresh in Buenos Aires.

Friday marks the half-century mark since the break-in at the Watergate hotel-apartment-office complex in Washington. Thankfully, this one was resolved more quickly, although it did leave the irritating legacy of the suffix tacked on to what seems to be every subsequent political scandal.

The latest of these, “partygate”, has a way to run, although the main protagonist, UK prime minister Boris Johnson, will (ironically) this week be the centre of a legitimate social gathering since he turns 58 on Saturday.

Partygate’s spin-off series, Are You Being (Poorly) Served, is likely to see another instalment with the government promising to publish controversial and long-delayed legislation to override the Northern Ireland protocol on Monday. As my colleague Peter Foster noted in his excellent Brexit Briefing newsletter last week, this is unlikely to end well.

Johnson is also expected to announce a new “plan for growth” this week alongside his chancellor Rishi Sunak. After the OECD’s verdict on UK growth next year — only sanctions-hit Russia is forecast to come off worse among G20 nations — the country clearly needs a new plan, if not a new PM to deliver it.

France goes to the polls again on Sunday for the second round of the parliamentary election. The concern for newly elected president Emmanuel Macron is not the far right this time but an alliance from the far left.

There will be at least one resolution this week. Colombians will go to the polls on Sunday for the second round of their country’s presidential election, which will decide whether the populist Rodolfo Hernández can see off former leftwing guerrilla Gustavo Petro. Whatever the outcome, it will be an interesting contest.

Thanks for your emails about the content of The Week Ahead: jonathan.moules@ft.com

Economic data

It’s going to be a(nother) week for interest rate news. The main attraction will be the gathering of the Federal Reserve’s Open Market Committee, but there will also be decisions from the Bank of England and its equivalents in Japan, Switzerland and Brazil.

The question is not whether the tightening of monetary policy will be accelerated but by how much — the answer to this question depends in part on your confidence in the given economy’s ability to achieve a soft landing or whether it is doomed to enter recession.

The jump in US inflation on Friday has fuelled talk of a rapid tightening. Policymakers have already signalled that, at a minimum, the Fed will deliver a string of half-point rate rises. Traders have priced in the federal funds rate rising to roughly 2.9 per cent by the end of the year from its current target range of 0.75 to 1 per cent. The OECD placed its marker last week before the US inflation numbers were announced, calling for faster action from the Fed.

Companies

Retail is strongly represented in the earnings calendar this week. The headline act is Tesco, Britain’s biggest supermarket chain, with observers keen to hear more about how inflation is hitting household spending. However, just two months on from its full-year results, few expect the company to deviate from its cautious script that profits this year will be held back by the need to keep prices for shoppers in check.

I asked Jonathan Eley, the FT’s retail correspondent, for a view. “The company has been gaining market share in recent months, but first-quarter sales growth figures will be muddied by the closure of pubs and restaurants in the same period a year ago,” he said. “That boosted supermarket sales but hurt Booker, Tesco’s wholesale operation.”

Among analysts’ comments, Barclays has forecast an overall decline of 1.8 per cent in the UK, with lower volumes partially offset by higher prices.

Key economic and company reports

Here is a more complete list of what to expect in terms of company reports and economic data this week.

Monday

  • India, May consumer price index (CPI) figures

  • UK, final April GDP data plus April production statistics, construction output and trade figures

Tuesday

  • Germany, final May CPI figures plus ZEW economic sentiment survey

  • Opec monthly oil market report

  • UK, unemployment figures

  • US, May producer price index (PPI) figures.

  • Results: Ashtead Group Q4, Bellway Q2 trading update, Ferguson Q3, Paragon Banking Group H1

Wednesday

  • Brazil, Banco Central do Brasil’s Monetary Policy Committee rate decision

  • China, May industrial production and retail sales figures

  • EU, March industrial production and April trade in goods data

  • France, final May CPI and harmonised index of consumer prices (HICP) figures

  • India, trade statistics

  • Japan, April industrial production data

  • Russia, flash Q1 GDP figures

  • US, Federal Open Market Committee interest rate decision. Also, Wells Fargo housing market index plus May retail and food sales data.

  • Results: Clariant Q1, WHSmith Q3 trading update

Thursday

  • Canada, April wholesale trade figures

  • EU, eurozone Q1 wages data

  • Ferrari holds capital market day in Maranello, Italy. Chief executive Benedetto Vigna is expected to unveil the company’s new long-term strategy as the sports car maker adjusts to growing demand for electric vehicles.

  • Italy, May CPI data

  • Japan, May trade balance figures

  • Switzerland, interest rate decision

  • UK, Bank of England Monetary Policy Committee interest rate decision

  • US, May residential construction figures

  • Results: Adobe Systems Q2, Boohoo Q1 trading update, Halfords FY

Friday

  • Canada, monthly industrial product and raw materials price indices

  • EU, May HICP figures

  • Japan, Bank of Japan Monetary Policy Committee’s interest rate decision

  • UK, May insolvency plus retail sales figures

  • US, May industrial production data

  • Results: Tesco Q1 trading update

World events

Finally, here is a rundown of other events and milestones this week.

Monday

  • France, the Eurosatory defence industry exhibition event begins in Paris

  • Switzerland, the 12th ministerial conference of the World Trade Organization (MC12), a biennial gathering of the WTO’s most senior decision-making body, continues in Geneva

  • UK, the Cinch Championships, considered a gauge of players’ performance in the upcoming Wimbledon tennis tournament, starts at the Queen’s Club plus London Technology Week begins at various venues in the capital and online

Tuesday

  • 40th anniversary of the Argentine surrender in the Falklands war

  • UK, the fifth anniversary of the fire that engulfed the west London high-rise block Grenfell Tower, leaving 72 people dead and 203 households homeless. Today, the first flight to Rwanda carrying migrants who crossed the English Channel is set to leave. Royal Ascot, the most famous race meeting in the world, considered by many to be the highlight of the British summer social calendar, begins. The first “supermoon” of 2022 will be visible.

  • US, former president Donald Trump turns 76

Wednesday

  • Belgium, Nato defence ministers gather in Brussels for a two-day meeting. The event will include a working dinner to which representatives of Finland, Georgia, Sweden, Ukraine and the EU are invited. A separate meeting of the Ukraine Contact Group, hosted by the US, will take place at Nato headquarters.

  • European Centre Bank president Christine Lagarde speaks at a London School of Economics event

Thursday

  • 122nd US Open golf tournament tees off at the Country Club in Brookline, Massachusetts. Tiger Woods will not be taking part but there will be many other familiar faces on the greens despite the US Golf Association’s unhappiness about players joining the breakaway LIV series. The contest finishes on Sunday.

Friday

  • The annual feast of Corpus Christi is celebrated by the Catholic Church and some other western churches

  • Iceland celebrates its national day

  • US, 50th anniversary of the break-in at the Democratic National Committee headquarters in Washington’s Watergate office-apartment-hotel complex that led to the Watergate scandal

Saturday

  • UK, final of the rugby union Aviva Premiership season at Twickenham. Plus, Boris Johnson turns 58.

  • US, the 146th annual Westminster Kennel Club Dog Show — rescheduled from February — begins in New York with almost 3,000 dogs from more than 200 breeds taking part in the second-longest running US sporting event

Sunday

  • Colombia, second round of voting in the presidential election

  • France, second round of voting in the parliamentary election

  • US, Juneteenth commemoration of the emancipation of enslaved African-Americans as well as celebrating African-American culture

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Harding Women Dominate Field Events to Build 40-Point Lead at GAC Meet – Harding University Athletics

Harding Women Dominate Field Events to Build 40-Point Lead at GAC Meet - Harding University Athletics
SHAWNEE, Okla. – Harding’s women used dominant performances in the heptathlon and three field events to build a 40-point lead after two days at the Great American Conference Track and Field Championships, hosted by Oklahoma Baptist.

Harding has 94 points with Oklahoma Baptist second at 54 and Arkansas Tech third with 34.

Freshman Sofie Reitbauer became the fourth consecutive Harding athlete to win the GAC heptathlon with Lauren Shell second, earning the Lady Bisons 18 points.

Harding scored 15 points in the hammer throw with senior Cara Mason winning the event for the second straight year.

The Lady Bisons continued to pile up the points in the triple jump with junior Jenna Akins and sophomore Mariah Miller placing first and second.

The largest point haul came in the javelin, where Harding had six of the scorers, including senior Anna Kay Clark, who won the event for the second straight year and shattered the GAC meet record.

The final day of competition is tomorrow with events beginning at 10 a.m.

Below is a break down of Harding’s performances in each event. Most of the running events Friday were preliminaries with the finals Saturday.

Heptathlon

Harding points: 18 … freshman Sofie Reitbauer won the event with 4,435 points, and junior Lauren Shell was second with 4,390 points … Reitbauer is the fourth consecutive Harding athlete to win the GAC heptathlon, joining Kaylin Turley (2018), Emily Shell (2019) and Darcy Sanford (2021)

100-meter hurdles (prelims)

Freshman Sofie Reitbauer ran 15.73 and freshman Sydnee Parker ran 17.00 and neither qualified for Saturday’s final

400 meters (prelims)

Senior Anne-Noelle Clerima had the top qualifying time of 56.47 seconds and was one of three Lady Bisons to qualify for the final … senior Kinga Szarzynska qualified fifth with a time of 58.20, and sophomore Alyssa Couey qualified eighth in 59.43 … Harding’s Krisman Eakin and Miah Maples were ninth and 10th respectively and just missed qualification

100 meters (prelims)

Harding did not have a competitor in the 100

800 meters (prelims)

Harding had two athletes qualify in the 800 … senior Kinga Szarzynska qualified fifth in 2:21.73 with senior Celia Stramrood sixth at 2:22.57 … Szarzynska is a two-time GAC champion in the event (2018, 2021)

400 hurdles (prelims)

Senior Anne-Noelle Clerima, Harding’s lone entry in the 400 hurdles, qualified third in 1:03.78 by winning Heat 2 … Harding has never won the 400 hurdles at the GAC meet

200 meters (prelims)

Senior Anne-Noelle Clerima qualified for her third event of the day … Clerima qualified second with a time of 25.04, just .01 seconds off her PR

3,000-meter steeplechase

Harding points: 3 … sophomore Ellie Fantauzzo turned in a PR of 11:44.26 to place sixth and earn Harding three points

Hammer Throw

Harding points: 15 … senior Cara Mason won the hammer throw for the second straight year … her throw of 49.72 meters or 163 feet, 1 inch is the best ever by a Harding athlete at the GAC meet … Mason won by seven inches … Mason’s finishes in the hammer at the GAC meet (5th, 3rd, 1st, 1st) … senior Tessa TeGrootenhuis placed fifth (four points) with a mark of 43.21 meters or 141 feet, 9 inches … she placed sixth in the even in 2021 … junior Tiffany Hildebrandt placed eighth (one point) with a PR of 42.73 meters or 140 feet, 2 inches

Triple Jump

Harding points: 19 … junior Jenna Akins won the event (10 points) with a mark of 11.99 meters or 39 feet, 4 inches on her sixth and final jump … sophomore Mariah Miller placed second (8 points) with an identical mark of 11.99 meters or 39 feet, 4 inches … Akins and Miller topped the next competitor by two centimeters … freshman Grace Carter placed eighth (1 point) with a mark of 10.80 meters or 35 feet, 5.25 inches … Akins won the event for the first time and became the fourth different Harding athlete to win the GAC triple jump, joining Caroline Embry (2016), Emily Shell (2018) and Miller (2021)

Javelin

Harding points: 33 … Harding had six of the eight scoring athletes … sophomore All-American Anna Kay Clark shattered the previous GAC meet record of 43.74 meters, winning with a toss of 46.66 meters or 153 feet, 1 inch … it was her second consecutive GAC championship … junior Cooper Monn was second (36.01m), sophomore Meghan McElroy was third (35.72m), freshman Sydney Soto was fifth (33.91m), junior Mary Vander Sewell was sixth (32.97m) and junior Lauren Shell was seventh (32.18m)

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Local athletes set to dominate individual events at Penn Relays

Local athletes set to dominate individual events at Penn Relays

Performances in the relays have received the lion’s share of the spotlight, but Jamaican high schools have also done very well in individual events at the Penn Relays in Philadelphia in the United States.

This trend should continue this week as several of these athletes are highly ranked on the World Athletics Under-20 Top List.

After a magnificent season so far in both the triple and long jump events, where he has won the double at both the ISSA/GraceKennedy Boys and Girls’ Athletics Championships (Champs) and the Carifta Games, Kingston College’s (KC) Jaydon Hibbert looks set to end his high school career on a high when he competes in the Championships of America High School Boys triple jump. The unbeaten Hibbert, who is ranked number one in both events among all juniors, will only contest the triple jump at the Penn Relays as both events take place simultaneously.

Hibbert, who won silver in the triple jump a year ago at the World Under-20 Championships in Nairobi, Kenya, has a leading mark of 16.66 metres and the University of Tennessee-bound athlete is expected to take top spot at the Penn Relays. Rajaun Ricketts of Jamaica College (JC) who finished second at Champs with 15.11m, is also down to contest the event.

JC’s Uroy Ryan, who was second to Hibbert in the Class One long jump at Champs, with 7.75m to Hibbert’s 7.87m, will be hoping to give Jamaica back-to-back wins in the event following Wayne Pinnock’s success in 2019. Petersfield High’s Rayon Walters and Demario Prince of St Jago High, with 7.32m and 7.28m, respectively, will also compete in the long jump.

EXPECTED TO BRING SUCCESS

Aaron McKenzie is expected to give KC their second individual success in the high jump. The Champs Class Two winner with 2.11m, topped his teammate, Verol Sam, who won in Class One with 2.05m. McKenzie will be eager to make up for his loss at the Carifta Games, where he ended third in the Under-17 category.

Edwin Allen High’s Christopher Young and Calabar High’s Kobe Lawrence, who finished first and second, respectively, in the Class One Boys’ Shot Put, look set to dominate in this event, where Young is the top seed with 19.37m and Lawrence, the second seed, with 18.86m. Young’s teammate at Edwin Allen, Trevor Gunzell, the Champs Class One discus winner, should complete a double success for the school. His season’s best 61.65m should make him hard to beat.

Following her disappointment at Champs in the Class One discus, where she was the overwhelming favourite to win but could only manage seventh, Holmwood Technical’s Cedricka Williams should shine in the event at the Penn Relays. Williams, who is ranked number two on the World Under-20 Top list with 53.91m, showed her pedigree at the Carifta Games with an impressive win in the under-20 event. She should ensure that the title remains in Jamaica following the win by Excelsior High’s Adrianne Adams in 2019. St Jago’s Abigail Marston and Camperdown High’s pair of Britannia Johnson and Victoria Christie are also in this event.

St Jago’s Anishka McDonald, the Carifta under-20 high jump champion, is expected to have a battle royal in the event with Toria Caven. Vere Technical’s Caven won in Class Two at Champs and has a season’s best of 1.78m, just behind McDonald, whose season’s best is 1.79m. McDonald did not compete at Champs.

Edwin Allen’s Serena Cole should close out a good meet for Jamaica when she contests the long jump. Ranked number two on the World Under-20 Top list with a best of 6.36m, Cole won in the Class One event at Champs and at the under-20 level at the Carifta Games.

Athletes will not get the chance to go for glory in the 400m hurdles, an event that Jamaica has dominated over the years. The organisers have removed it from the schedule for this year’s meet.