Features

Money Minute Wednesday 11 September: Galliford Try and US factory gate prices

In Wednesday’s Money Minute, UK construction group Galliford Try publishes its annual results, and the US issues August’s Producer Price Index data.

Welcome to Wednesday's Money Minute in which we preview the big stories of the day in just 60 seconds.

It's a quiet day ahead of the frenzy that will accompany the European Central Bank's latest interest-rate decision tomorrow.

In the UK, construction group Galliford Try is reporting its annual results for the year to 30 June. Profits are expected to meet market expectations, but the focus will be on the outlook. Expect to hear lots of references to Brexit uncertainty.

Later, in the US, we get Producer Price Index data for the month of August. This shows how rapidly the prices of goods bought and sold by manufacturers are rising. This is sometimes known as "pipeline" inflation if costs for companies are going up then eventually those costs are likely to be passed on to consumers.

For now, US producer prices appear to be broadly under control, despite the ongoing trade wars and increases in tariffs on imports from China. That's partly because the Chinese currency has weakened against the dollar.

In July, the "core" PPI figure rose by 2.1% year on year, and it's not expected to have changed much in August.

Recommended

How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Is London’s office market a bargain?
Property

Is London’s office market a bargain?

Private-equity groups are swooping on London’s property companies, which are trading on steep discounts to net asset value.
23 Oct 2020
US election: stockmarkets don’t care who’s in the White House
US stockmarkets

US election: stockmarkets don’t care who’s in the White House

The economic cycle and America's central bank have a much bigger effect on long-term stockmarket returns than whether Democrats or Republicans are in …
23 Oct 2020
Big spending government is here to stay – just ask Rishi Sunak
UK Economy

Big spending government is here to stay – just ask Rishi Sunak

Governments around the world are splashing huge amounts of cash as they do “whatever it takes” to prop up their economies. John Stepek looks at where …
23 Oct 2020

Most Popular

Negative interest rates and the end of free bank accounts
Bank accounts

Negative interest rates and the end of free bank accounts

Negative interest rates are likely to mean the introduction of fees for current accounts and other banking products. But that might make the UK bankin…
19 Oct 2020
UK post-Covid recovery stocks: these 20 companies could be set to rocket
Share tips

UK post-Covid recovery stocks: these 20 companies could be set to rocket

Finding stocks with the potential to rise tenfold or even further is far easier said than done. But the pandemic has produced the most promising backd…
22 Oct 2020
Big spending government is here to stay – just ask Rishi Sunak
UK Economy

Big spending government is here to stay – just ask Rishi Sunak

Governments around the world are splashing huge amounts of cash as they do “whatever it takes” to prop up their economies. John Stepek looks at where …
23 Oct 2020