Money Minute Thursday 24 October: eurozone interest rates and Amazon's earnings
In today's Money Minute, we look to the European Central Bank’s latest announcement on interest rates, plus third quarter figures from Amazon.
Today in the eurozone, we have the European Central Bank's latest announcement on interest rates.
It's the final meeting chaired by Mario Draghi, before he hands over to Christine Lagarde, so markets aren't expecting any big announcements.
Draghi may go down in history as the man who saved the euro.
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
But with the eurozone plagued by weak growth and negative interest rates, he leaves behind a controversial legacy.
With various members of the ECB board complaining about the return of quantitative easing in particular, Lagarde may have a battle on her hands as she takes the helm.
Over in the US we have the usual weekly jobless claims, plus the latest on durable goods orders for September.
We also get third quarter figures from the arch disruptor, Amazon.
Investors will be looking for signs that the online shopping giant is continuing to benefit from the travails of high street retailers. They'll also pay close attention to its cloud computing business.
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.
-
ScottishPower launches half-price electricity at weekends
News ScottishPower is offering 50% off electricity at weekends, which could slash hundreds off your bill. We look at who can get it and how to apply
By Oojal Dhanjal Published
-
Trump calls “tariff” the “most beautiful word in the dictionary”, but investors may disagree
Donald Trump has promised to slap Mexico, Canada and China with new tariffs on day one of his presidency. What does it mean for the economy and investors?
By Katie Williams Published