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.
Subscribe to 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
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.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published