In the UK this morning, we get a trading update from FTSE 250-listed pubs and restaurants operator Mitchells & Butlers.At its third quarter update in July, the group which owns the All Bar One and Harvester chains - sounded upbeat, noting that its sales had outperformed the wider market.
Investors will be focusing on whether this has continued. They'll be paying close attention to growth in like-for-like sales, as well as to any commentary on how confident consumers are feeling.
Other corporate news is due from outsourcing group Mitie and from cruise operator Carnival.
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
In the US this afternoon, we have the usual weekly jobless claims figures.The US labour market has continued to be strong, despite market fears of recession.However, employment is a lagging indicator it doesn't start deteriorating until we've already seen signs that the economy is in trouble.So with manufacturing data looking ugly, investors will continue to watch for evidence that a downturn is starting to impact on hiring and firing.
-
Zoopla: Asking price discounts hit a five-year high – is now the time to buy a property?News Zoopla’s October House Price Index shows sellers are accepting discounts of 5.5% on average to secure a sale – we reveal where homeowners are taking the biggest asking price cuts
-
Equity release rates drop – is it worth unlocking cash from your home?
News Lifetime mortgage rates are falling from their record highs - is equity release worth another look?
