Features

Money Minute Friday 8 November: German trade and US consumer confidence

Today's Money Minute looks ahead to Germany's trade balance figures, and to the confidence of America's consumers.

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.

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.

Recommended

Bitcoin mania: private currencies are nothing new
Bitcoin

Bitcoin mania: private currencies are nothing new

The idea is gaining ground that bitcoin and the plethora of other new currencies are here to stay. But the existence of private currencies operating p…
15 Apr 2021
Too embarrassed to ask: what’s the difference between producer price inflation and consumer price inflation?
Too embarrassed to ask

Too embarrassed to ask: what’s the difference between producer price inflation and consumer price inflation?

Two of the most important indicators for the economy are “producer price inflation” and “consumer price inflation”. But what are they and what do they…
13 Apr 2021
How the Covid-19 vaccine crisis is putting the EU in danger
EU Economy

How the Covid-19 vaccine crisis is putting the EU in danger

The botched coronavirus vaccine campaign will cause long-term harm to the EU's economy, says Matthew Lynn.
4 Apr 2021
What does Joe Biden’s $3trn infrastructure plan mean for your money?
US Economy

What does Joe Biden’s $3trn infrastructure plan mean for your money?

Joe Biden is set to announce a further $3trn of public stimulus in the US. Saloni Sardana looks at what’s on the table, and what effect it could have …
30 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
What does the Coinbase listing mean for bitcoin and other cryptocurrencies?
Bitcoin

What does the Coinbase listing mean for bitcoin and other cryptocurrencies?

As the bitcoin price hit new highs, the world's biggest cryptocurrency exchange, Coinbase, listed on the stockmarket. John Stepek looks at what that m…
15 Apr 2021
Properties for sale for around £400,000
Houses for sale

Properties for sale for around £400,000

From a converted church in Banffshire with views towards the Cairngorms National Park, to a period property in the Georgian market town of Beverley, e…
2 Apr 2021