Money Minute, Wednesday 6 November: Marks & Spencer results and eurozone data
Today's Money Minute looks to half-year results from Marks & Spencer, plus a raft of data from across the eurozone.
In the UK this morning, Marks & Spencer reports its half-year results.
M&S is one of the UK's most iconic high street names. However, it has been struggling badly in recent years.In September, the group was demoted to the FTSE 250 from the FTSE 100. Analysts expect a fall in both sales and profits.The company is in desperate need of a turnaround, and that's what investors will be focusing on today.
Elsewhere this morning, there's a raft of data due from across the eurozone.
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
We have German factory orders for September, which will be watched closely.Last time, orders were down by nearly 7% year on year. Economists expect a similar reading this time round.This is mostly down to a global manufacturing slowdown, combined with uncertainty over trade wars.
We'll also be getting the latest reading for retail sales across the eurozone as a whole.Readings already received from individual countries, including France, Spain and Germany, suggest that eurozone retailers suffered a fairly weak September.
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.
-
Will bond vigilantes come for Donald Trump?
Bond vigilantes could make a comeback if Donald Trump follows through on some of his promised policies
By Simon Wilson Published
-
Is Donald Trump's re-election a wake-up call for Europe?
Donald Trump will turbocharge the US economy – and expose Europe's weakness
By Matthew Lynn Published