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.
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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.
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What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
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What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
