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

The Information Age is about to get interesting
Economy

The Information Age is about to get interesting

The IT revolution has been around for a while now, says Merryn Somerset Webb. But we're just getting to the good bit.
24 Sep 2021
I wish I knew what contagion was, but I’m too embarrassed to ask
Too embarrassed to ask

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

Most of us probably know what “contagion” is in a biological sense. But it also crops up in financial markets. Here's what it means.
21 Sep 2021
Warsaw and Stockholm: the unexpected new threats to the City of London
UK stockmarkets

Warsaw and Stockholm: the unexpected new threats to the City of London

London has seen off challenges from Frankfurt and Paris, but two other booming financial centres are a bigger threat, says Matthew Lynn.
19 Sep 2021
The charts that matter: more pain for goldbugs
Economy

The charts that matter: more pain for goldbugs

Gold investors saw more disappointment this week as the yellow metal took a tumble. Here’s what’s happened to the charts that matter most to the globa…
18 Sep 2021

Most Popular

Should investors be worried about stagflation?
US Economy

Should investors be worried about stagflation?

The latest US employment data has raised the ugly spectre of “stagflation” – weak growth and high inflation. John Stepek looks at what’s going on and …
6 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
The times may be changing, but don’t change how you invest
Small cap stocks

The times may be changing, but don’t change how you invest

We are living in strange times. But the basics of investing remain the same: buy fairly-priced stocks that can provide an income. And there are few be…
13 Sep 2021