Features

Money Minute, Wednesday 28 August: German consumer confidence

Welcome to today's Money Minute, your 60-second preview of the day's most important economic issues. One data release to watch for today is German consumer confidence.

Welcome to today's Money Minute, your 60-secondpreview of the day's most important economicissues.

One data release to watch for today is German consumer confidence.

The manufacturing sector in the eurozone's largest economy has been hit hard by the slowing Chinese economy and escalating trade tensions.

Today's consumer confidence reading will indicate how the hit to manufacturing is impacting on other areas of the economy.

When consumers start to fret about job losses and their future income, they rein in their spending which, in turn, is bad news for the services sector.

Last month the reading fell for the third month in a row, and another drop today would suggest a recession is increasingly likely to be confirmed when we eventually get third-quarter GDP figures.

In the UK, meanwhile, small-cap cafe-bar operator Loungers, which listed on Aim earlier this year, reports its full-year results today.

The sector is very much in the spotlight this week, what with last week's takeover of pub chain Greene King.

The outlook statement in particular may offer a useful snapshot of UK consumer confidence in the run-up to Brexit.

Recommended

Plenty more Brexit arguments to be settled yet
Brexit

Plenty more Brexit arguments to be settled yet

Many important negotiations remain to be sealed in our deal with the EU. “No deal is better than a bad deal” is the way to play it, says Matthew Lynn
10 Jan 2021
Will 2021 hold one last deflation scare?
Global Economy

Will 2021 hold one last deflation scare?

With many looking ahead to a world of high inflation, John Stepek looks at a couple of potential scenarios that could give the world one last deflatio…
28 Dec 2020
Will a stronger euro ruin Europe's rally?
European stockmarkets

Will a stronger euro ruin Europe's rally?

International investors have been buying into European stocks, driving the euro higher. But that surge now risks dampening the recovery that started i…
21 Sep 2020
No deal is the best deal for Britain – and the EU too
Brexit

No deal is the best deal for Britain – and the EU too

Europe has a lot to gain from a thriving, independent Britain, says Matthew Lynn.
6 Sep 2020

Most Popular

Of course bitcoin is a bubble – a bubble you can’t ignore
Bitcoin

Of course bitcoin is a bubble – a bubble you can’t ignore

Bitcoin’s wild ride is being called a bubble by many. And it is, says Dominic Frisby. But that’s not necessarily a bad thing. And it’s a bubble in whi…
13 Jan 2021
A simple way to profit from the next big trend change in the markets
Investment strategy

A simple way to profit from the next big trend change in the markets

Change is coming to the markets as the tech-stock bull market of the 2010s is replaced by a new cycle of rising commodity prices. John Stepek explains…
14 Jan 2021
I wish I knew what a SPAC was, but I’m too embarrassed to ask
Too embarrassed to ask

I wish I knew what a SPAC was, but I’m too embarrassed to ask

A financial instrument called a “special purpose acquisition company”, or SPAC for short, is growing increasingly popular in the US stockmarkets. But …
12 Jan 2021