Today is a busy day for economic data releases in the eurozone.
We get the latest on German retail sales, French inflation and Spanish GDP.
We also get the latest readings on several key measures for the eurozone region as a whole.The unemployment rate is expected to have remained at 7.4% in September.That might sound high compared to most other countries but it's actually an 11-year low.
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
GDP growth is expected to come in at around 0.1% for the third quarter, reflecting relatively weak growth in most of the major economies, notably Germany.And inflation is expected to come in at around 1%, still well below the European Central Bank's target rate.
Over in the US we have the usual weekly jobless claims data.We also get the latest monthly data on consumer spending and personal incomes.With consumer spending a vital driver of the US economy, investors will be watching these figures for any signs of weakness.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
