Features

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.

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.

Recommended

Why the City should create a single financial market with the Swiss
Economy

Why the City should create a single financial market with the Swiss

A tie-up between London and Zurich, two global financial centres, could pay huge dividends for both, says Matthew Lynn.
17 Jan 2021
16 January 1991: Operation Desert Storm begins
This day in history

16 January 1991: Operation Desert Storm begins

Coalition forces led by the US launched an operation to liberate Kuwait from Iraqi forces on this day in 1991, sending the oil price soaring.
16 Jan 2021
MoneyWeek's quiz of the week, 9-15 January
Economy

MoneyWeek's quiz of the week, 9-15 January

Joe Biden has promised to vaccinate millions of Americans in his first 100 days in office. But how many? And what else happened this week? Test your r…
15 Jan 2021
15 January 1759: British Museum opens
This day in history

15 January 1759: British Museum opens

On this day in 1759, the British Museum opened in Bloomsbury after Sir Hans Sloane left his of collection of books, manuscripts and specimens to the n…
15 Jan 2021

Most Popular

Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
The MoneyWeek Podcast: bitcoin special
Bitcoin

The MoneyWeek Podcast: bitcoin special

Merryn talks to bitcoin experts Dominic Frisby and Charlie Morris to get the lowdown on the cryptocurrency to find out why it's such a huge global phe…
15 Jan 2021
Free 6 issue trial then continue to