Features

Money Minute Friday 13 September: pubs, wages and retail data

Friday's Money Minute looks to a trading update from JD Wetherspoon, eurozone wage inflation, and US retail sales data.

Welcome to Friday's Money Minute. In the UK today, keep an eye out for a trading update from JD Wetherspoon.

The pub group is well known for its founder's unapologetic support for Brexit. Expect any news particularly on the UK consumer spending outlook to be reported through this prism.

Data on eurozone wage inflation comes out mid-morning. Now that the European Central Bank's big meeting is over, investors will be paying more attention to what this figure says about the overall health of the eurozone economy.

In the US, we get a glimpse of how the all-important US consumer is feeling, when retail sales data for August comes out, followed by the latest reading from the Michigan consumer confidence index.

The US consumer's desire to spend matters because consumer spending accounts for roughly two-thirds of US economic activity.

Given that the US is the most important economy in the world, that makes the US consumer perhaps the single most potent economic force in the world.

So let's hope they still feel like splashing out.

Recommended

The US Federal Reserve is about to rein in its money-printing – what does that mean for markets?
US Economy

The US Federal Reserve is about to rein in its money-printing – what does that mean for markets?

America’s central bank is talking surprisingly tough about tightening monetary policy. And it’s not the only one. John Stepek looks at what it all mea…
23 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
Why is the UK short of CO2 and what does it mean for you?
UK Economy

Why is the UK short of CO2 and what does it mean for you?

The UK is experiencing a carbon dioxide shortage that could lead to empty shelves in supermarkets. Saloni Sardana explains what’s going on and how it …
21 Sep 2021
How high energy prices are driving up food prices too
Soft commodities

How high energy prices are driving up food prices too

High energy prices aren’t just affecting our heating bills, they’re making food more expensive, too. Saloni Sardana explains what’s going on.
21 Sep 2021

Most Popular

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
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
How to stop recurring subscriptions becoming a drain on your money
Personal finance

How to stop recurring subscriptions becoming a drain on your money

Tracking and pruning subscriptions isn’t as easy as it sounds. Here's how to take charge.
14 Sep 2021