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

What to watch out for in Budget 2021
Budget

What to watch out for in Budget 2021

In his 2021 Budget, Rishi Sunak will lay out his vision for post-Covid Britain – how to fix the public finances and repay all the pandemic stimulus wi…
2 Mar 2021
Where to get help taking your business online
Small business

Where to get help taking your business online

The pandemic has brought forward the transition to e-commerce, so businesses need to go digital. David Prosser explains the tools available to help ta…
2 Mar 2021
Why British business must speak up on lockdowns
UK Economy

Why British business must speak up on lockdowns

Restrictions are crushing business, but its leaders are nervous of saying anything. Time to toughen up, says Matthew Lynn.
28 Feb 2021
Stamp duty holiday extension will keep the house-price party going – for now
Property

Stamp duty holiday extension will keep the house-price party going – for now

The government is to extend to the stamp duty holiday by three months. Good for today’s buyers, says Nicole Garcia Merida, but what happens in June?
26 Feb 2021

Most Popular

A beginner’s guide to bitcoin: what is bitcoin?
Bitcoin

A beginner’s guide to bitcoin: what is bitcoin?

As a completely novel concept for many people, bitcoin can take a little effort to get to grips with. In the first of a short series on the cryptocurr…
1 Mar 2021
What is “yield curve control” and why is it coming to a central bank near you?
Government bonds

What is “yield curve control” and why is it coming to a central bank near you?

Central banks around the world are determined not to let interest rates go up too quickly or by too much – a practice known as “yield curve control”. …
1 Mar 2021
What to watch out for in Budget 2021
Budget

What to watch out for in Budget 2021

In his 2021 Budget, Rishi Sunak will lay out his vision for post-Covid Britain – how to fix the public finances and repay all the pandemic stimulus wi…
2 Mar 2021