In the UK, we get the latest manufacturing sector survey for October.A reading above 50 suggests that activity in the sector is expanding below 50 indicates it is contracting.
In common with most of the rest of the world, the UK manufacturing sector has been struggling for many months.Markets expect a reading of around 48, suggesting continued contraction.
In the US, it's non-farm payrolls Friday.Markets always pay a great deal of attention to these figures, but this month they are likely to be distorted by the recent strike action at automobile giant GM, which will have had a knock-on impact on GM's suppliers.
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
As a result, we'll have to take the reading with an even bigger pinch of sat than usual.But overall, the data is likely to point to a moderate slowdown in the labour markets, with both wage inflation and underlying employment growth expected to be lower than last month.
-
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"?
-
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
