Money Minute Tuesday 10 December: UK growth expected to tick up
In the UK this morning, we get the latest UK growth estimate, plus German sentiment and an idea about the state of Europe's online retail sector.
In the UK this morning, we get the latest monthly GDP estimate for October.Markets expect GDP to have ticked a little higher, driven by a small monthly improvement in output in the services and manufacturing sectors.
On the corporate front, tool hire group Ashtead reports its latest half-year results.Ashtead is deemed a useful bellwether for activity in the US housing market.
Other companies reporting include Tritax Eurobox, the real estate investment trust dedicated to properties involved in logistics and distribution in continental Europe.The trust is viewed as a play on the ongoing spread of e-commerce given the well-publicised travails of traditional bricks and mortar retailers, it will be interesting to see if Eurobox has been able to capitalise on that.
Over in the eurozone, we get the latest reading on German economic sentiment.Markets will be watching the latest figure closely data released last week on industrial production was far worse than expected, suggesting that German industry is in its worst downturn since the financial crisis.