Features

Money Minute Friday 11 October: funds, inflation and confidence

In today's Money Minute we have trading updates from fund managers, EU inflation data, and US consumer confidence.

In corporate news this morning, we get trading updates from fund managers Jupiter and Man Group.The industry in general is facing tough competition from cheap passive funds, and that's not likely to change any time soon.

In economic news, over in the eurozone, we get the latest readings on inflation from both Spain and Germany.

This afternoon in the US, we get the University of Michigan consumer confidence index for October.Consumer spending is responsible for the majority of America's GDP. So consumer confidence is important.If consumers feel secure in their jobs and confident about the outlook, they spend.But if they fear losing their jobs, or that political turmoil will start to have a direct impact on their own lives, they will be far more thrifty.

Confidence has held up well. With interest rates low and employment high, consumers have been able to shrug off headlines about recession and impeachment.But the index is worth watching for signs that consumer resilience is wearing thin.

Recommended

When lockdown ends, be prepared for an inflationary surprise
UK Economy

When lockdown ends, be prepared for an inflationary surprise

The government is pouring more money into the economy to tide businesses over the latest lockdown. Once lockdown ends, says John Stepek,we should see …
5 Jan 2021
It’s time investors prepared for inflation
Inflation

It’s time investors prepared for inflation

A lot of people seem to think that big price rises are a thing of the past. But investors could be hit with a few inflationary surprises in the coming…
18 Dec 2020
Get ready to say “hello” to inflation
Inflation

Get ready to say “hello” to inflation

With the collapse of both supply and demand, this was no ordinary recession. But as the world returns to normal, supply will remain subdued as demand …
17 Dec 2020
Grab your gold: inflation is coming
Inflation

Grab your gold: inflation is coming

Inflation remains under control for now. But expect it to pick up both soon and sharply.
11 Dec 2020

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Prepare for the end of the epic bubble in US stocks
US stockmarkets

Prepare for the end of the epic bubble in US stocks

US stocks are as expensive as they’ve ever been. How can you prepare your portfolio for a bubble bursting?
18 Jan 2021
The best investment trusts to buy for 2021
Investment trusts

The best investment trusts to buy for 2021

Sectors ranging from emerging markets to student accommodation look poised to do well this year, says David Stevenson, as he picks the best investment…
19 Jan 2021