Advertisement
Features

Money Minute Friday 6 December: UK housebuilders and big data from the US

In today's Money Minute we get half-year results from housebuilder Berkeley Group, and the latest non-farm payrolls data from the USA.

In the UK this morning, we get half-year results from housebuilder Berkeley Group.The builder focuses on London and the southeast, and will provide some insight into how that market is faring ahead of Brexit and the general election.

The big news of the day, however, comes from the US, where we have the latest nonfarm payrolls data.This will tell us how many jobs were created in America last month, and what workers are getting paid for doing those jobs.Markets expect that we'll get a figure of roughly 190,000 jobs, with annual wage inflation coming in at 3.6%.

Advertisement - Article continues below

If either of those numbers come in lower than expected, we might see pressure on the Federal Reserve to cut rates again.But if they meet or beat expectations, the Fed's decision to indicate that it is on hold or now, will appear to be vindicated, whatever pressure the president puts on the central bank.

Advertisement
Advertisement

Recommended

Visit/519858/how-long-can-the-good-times-roll
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Visit/economy/601346/are-we-back-on-the-road-to-serfdom
Economy

Are we back on the road to serfdom?

The coronavirus crisis has led to levels of state intervention unprecedented in peace time. The Austrian School reminds us of the challenges, say Dan …
22 May 2020
Visit/economy/601380/moneyweeks-quiz-of-the-week-16-22-may
Economy

MoneyWeek's quiz of the week, 16-22 May

Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week
22 May 2020
Visit/economy/uk-economy/601344/what-are-negative-interest-rates-and-could-they-happen-here
UK Economy

What are negative interest rates and could they happen here?

Negative interest rates – where banks pay you to borrow money – now exist in many parts of the world. John Stepek explains why they are a terrible ide…
18 May 2020

Most Popular

Visit/investments/commodities/gold/601444/these-seven-charts-show-exactly-why-you-must-own-gold-today
Gold

These seven charts show exactly why you must own gold today

Covid-19 is accelerating many trends that were already in existence. The rising gold price is one such trend. These seven charts, says Dominic Frisby,…
3 Jun 2020
Visit/investments/stockmarkets/601460/disease-rioting-and-mass-unemployment-so-why-are-markets-soaring
Stockmarkets

Disease, rioting and mass unemployment – so why are markets soaring?

Despite some pretty strong headwinds in the last year, America’s S&P 500 stock index is close to all-time highs. John Stepek explains why markets seem…
4 Jun 2020
Visit/investments/commodities/601433/commodities-possibly-the-biggest-opportunity-in-todays-markets
Commodities

This looks like the biggest opportunity in today’s markets

With low interest rates and constant money-printing, most assets have become expensive. But one major asset class hasn’t. John Stepek explains why com…
2 Jun 2020