Over in the eurozone this morning, we get Germany's trade balance for September.
The eurozone's biggest economy has been struggling this year and is quite possibly in recession.The latest trade data will give an idea of just how much trade wars have contributed to the pain.
In the US, we get the latest reading from the University of Michigan consumer confidence indicator.Consumption drives around two-thirds of American economic activity, making it the most important driving force of the world's most important economy.
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
That means that both the desire and the ability of the US consumer to maintain their spending is vitally important to the global economy as a whole.That's why investors keep a close eye on US consumer confidence.
The good news is that confidence is currently pretty strong, and this month's reading is expected to come in at roughly the same level as last month's.
-
Cash in on the growth prospects of Europe's companiesOpinion Marcel Stötzel, co-portfolio manager of the Fidelity European Trust, selects three stocks
-
Is the AI boom another dotcom bubble?25 years on from the dotcom bubble bursting, is it time for investors to consider the sustainability of the AI boom in the stock market?
