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.
-
What will the unravelling of US-China trade mean for the economy?What will a US-China decoupling mean for the global economy?
-
Scottish Mortgage: why we’re turning to private companies and China for exceptional returnsWhen it comes to delivering growth, Scottish Mortgage will stop at no end in its hunt for exceptional long-term returns - this includes China, unicorn companies and sectors such as space exploration
