Features

Money Minute Tuesday 24 September: German and US confidence

Today’s Money Minute is all about confidence. In Germany, we get a snapshot of how German businesses are feeling about life. And in the US, we get the latest reading on consumer confidence.

Today's Money Minute is all about confidence. In Germany this morning, we get a snapshot of how German businesses are feeling about life. The data is likely to show that they are not terribly happy.

In August, the IFO business climate index fell to its lowest point in nearly seven years. A reading that low suggests that the country may well already be in recession.

In the US, we get the latest reading on consumer confidence. The broader economic outlook is uncertain, which has recently been reflected in consumer expectations.

However, most Americans remain upbeat on their personal economic circumstances, which is not surprising, given that employment remains high and wages are growing more rapidly than inflation.

With interest rates now falling too, confidence is likely to remain near the 18-year highs seen last month.

Oh and in corporate news, tour operator TUI issues a trading update this morning in the UK. The update will be pored over for any comments on failed rival Thomas Cook, and the potential impact on the wider leisure market.

Recommended

Shareholder capitalism: why we must return power to listed companies’ ultimate owners
Investment strategy

Shareholder capitalism: why we must return power to listed companies’ ultimate owners

Under our system of shareholder capitalism it's not fund managers, it‘s the individual investors – the company's ultimate owners – who should be telli…
24 Jan 2022
Just how green is nuclear power?
Energy

Just how green is nuclear power?

Nuclear power is certainly very clean in terms of carbon emissions, but what about the radioactive waste produced as a byproduct? It’s not as much of …
22 Jan 2022
Inflation: now we really have something to worry about
Inflation

Inflation: now we really have something to worry about

We’ve been worrying about a sharp rise in inflation for years, says Merryn Somerset Webb – now, we finally have something to worry about.
21 Jan 2022
Amazon halts plans to ban UK Visa credit card payments
Personal finance

Amazon halts plans to ban UK Visa credit card payments

Amazon has said that it is to shelve its proposed ban on UK customers making payments with Visa credit cards.
17 Jan 2022

Most Popular

Shareholder capitalism: why we must return power to listed companies’ ultimate owners
Investment strategy

Shareholder capitalism: why we must return power to listed companies’ ultimate owners

Under our system of shareholder capitalism it's not fund managers, it‘s the individual investors – the company's ultimate owners – who should be telli…
24 Jan 2022
Three innovative Asian stocks to buy now
Share tips

Three innovative Asian stocks to buy now

Professional investor Fay Ren of the Cerno Pacific Fund highlights three of her favourite Asian stocks to buy now
24 Jan 2022
Temple Bar’s Ian Lance and Nick Purves: the essence of value investing
Investment strategy

Temple Bar’s Ian Lance and Nick Purves: the essence of value investing

Ian Lance and Nick Purves of the Temple Bar investment trust explain the essence of “value investing” – buying something for less than its intrinsic v…
14 Jan 2022