Live news updates: US homebuilder confidence falls as housing affordability weakens

Afghanistan has two anniversaries. Friday is Independence Day, commemorating the signing of the Treaty of Rawalpindi in 1919, in which Britain gave Afghanistan self-determination over its foreign affairs. However, most will be more concerned about Monday, which marks one year since the Taliban regained control.

The week also marks the 75th anniversary of the British withdrawal from the Indian subcontinent, partitioning India and Pakistan. Indian Prime Minister Narendra Modi will address the nation from the historic Red Fort in Delhi and the focus will be on the problems in Kashmir, the country’s only Muslim-majority state.

For British schoolchildren, it’s all current as students in England, Wales and Northern Ireland receive emails and envelopes containing their A-level and vocational exam results on Thursday. The work of accepting and finding university places through the clearing process will then begin in earnest.

Like advanced higher exam scores declared Last week for Scottish school pupils, A-level results are expected to be lower than last year, but likely in pre-pandemic years. Exams body AQA has said papers will be graded more liberally to return to normal testing conditions.

The UK’s summer of discontent will be marked by another national rail strike this week, made worse by a general walkout on London’s public transport network. Next Sunday, more than 1,900 workers at Felixstowe, Britain’s biggest container port, will go on strike, and we have another week of criminal barristers’ strikes in courts across England and Wales, with no resolution in sight.

We’re going to take a significant one take the initiative In NASA’s Artemis space program. The mission aims to land the first female and ethnic minority astronauts on the Moon, prepare for a long-term lunar presence, and provide a stepping stone for sending humans to Mars. NASA plans to launch the Artemis 1 rocket live on the launch pad on Wednesday with the goal of completing lift-off by the end of the month.

Financial data

Inflation watchers will be kept busy this week with updates from the EU, Japan and Canada, while Wednesday’s release of minutes from the Federal Open Market Committee’s latest meeting may provide some indication of the Fed’s willingness to tighten monetary policy.

It’s going to be a busy week for British economic news, with figures on employment, inflation, productivity, retail sales, consumer confidence and house prices. All are likely to comment on the status of UK plcs.

companies

This week we reach the end of the current reporting season with results from a clutch of retailers that are either fully online or have benefited greatly from ecommerce, especially Walmart on tuesday, target And Tencent A day later, and AO World on thursday.

AO World is trying Change its business model Building and maintaining margins away from sales growth. The problem for such retailers is maintaining sufficient sales demand when we enter an economic downturn.

Read the following calendar for a full week here.

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