Welcome to Tuesday's Money Minute, where we preview the day's biggest financial stories.
The ZEW indicator of economic sentiment measures how economists and analysts feel about the six-month outlook for the German economy.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Confidence has been dropping for the past four months in a row. In August, the reading fell to its lowest level since the depths of the eurozone crisis in 2012.
Markets are expecting a small improvement this month, but with the German economy either in or close to recession, it can't be taken for granted.
Meanwhile, in the US, we get the latest report on industrial production. The trade war and slowing global demand has hit the manufacturing sector in America, just as it has the rest of the world.
The latest reading is unlikely to have much impact on the Federal Reserve's next interest rate decision which is due tomorrow but it will be watched closely for signs of further deterioration.
-
Families suffer £20,000 lost income growth – are you feeling the pinch?Average incomes for working age families have increased by just 7% in the past two decades, research suggests
-
How to achieve a secure retirement, as more retirees admit to struggling with debtTwenty-six percent of retirees now have unsecured debt – a sharp rise compared to two years ago – with many underestimating how much a typical retirement costs
