Live news updates from September 26: Sterling falls to record low, S&P 500 closes at 21-month low

On Monday, we’ll look at the fallout from Italy’s rightward turn after the end of a dismal election campaign. The Financial Times came in early with a great read on what a far-right administration means for the rest of Europe.

We also have elections in Latvia, Bulgaria, Kuwait and Bosnia and Herzegovina this week. But the big one will be Sunday with the first round of the Brazilian presidential election. The race favorite is the leftist former president Luiz Inacio Lula da Silvabut incumbent Jair Bolsonaro is far from out of the running. The voltages are run high.

A smaller but still meaningful ballot takes place on Thursday, when the City of London Alderman will decide the next Lord Mayor. This largely ceremonial role will be essential in promoting the financial center of the United Kingdom, so it is important. Hopefully the ballot won’t be as contentious as last years.

Elections aside, this is a strong week for space travel. On Monday, NASA will be crash a spaceship into an asteroid at 23,000 km/h in order to deflect its trajectory. The $300 million Dart mission, short for Double Asteroid Redirection Test, chose an asteroid called Dimorphos as its target because it orbits another asteroid rather than the sun.

The US space agency will be busy again the next day with the launch of Artemis I, the first in a series of increasingly complex missions aimed at establishing a permanent human base on the Moon.

If that wasn’t uplifting enough, the week will end with the return of the London Marathon, albeit six months later than its usual April slot to allow it to take place after the disruptions brought by the pandemic.

Companies

Still on the theme of the game, Lego (the name is derived from the Danish expression leg god, or “play well”) publishes its half-year results on Wednesday. The toymaker has guided analysts to expect sales to normalize after its pandemic boom but sales are expected to continue to outpace rivals in the sector.

For gas heads, Thursday is an exciting day because the shares in Porsche will begin listing on the Frankfurt Stock Exchange following the long-awaited introduction of the luxury car brand.

It’s a darker week for lovers of the big screen. Cinema chain in difficulty cineworld will publish its half-year results on Friday. Although the group is expected to post a profit, unlike last year’s loss, the focus will be on its latest cash position and net debt level after the company filed for bankruptcy protection. United States earlier this month.

Economic data

It will be a week to find out how the economies are performing and how the public expects them to perform with gross domestic product figures from the US, Canada and the UK as well as several surveys on the consumer confidence.

We’ll also get a glimpse of Europe’s battle to calm inflation with the release of the Consumer Price Index and Producer Price Index for Germany, France and Italy. .

Read the full schedule for the coming week here.

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