Money Minute Friday 13 December: election results day

By the time you watch today's Money Minute, we should know the results of the UK's general election.

By the time you watch this video, we should know the results of the UK's general election.

That's likely to be the dominant influence in UK markets today, particularly as there's little in the way of economic data released.

On the corporate front meanwhile, construction group Balfour Beatty issues a third-quarter trading update.The focus will fall on profit margins which the company is trying to boost towards the industry average and the company's order book.

Advertisement - Article continues below

We also get full-year results from the UK's largest ten-pin bowling operator, Hollywood Bowl.

Over in the US, we get retail sales figures for November.Markets always pay close attention to these.Consumer spending accounts for about two-thirds of US economic activity.Put simply, that means that healthy consumer spending means a healthy US economy.In turn, that's good news for the global economy as a whole.

Analysts expect to see a solid rise in sales, although unusually cold weather last month might have thrown a spanner in the works.


Most Popular


The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020

This chart pattern could be extraordinarily bullish for gold

The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that invest…
1 Jul 2020
Global Economy

How “pent-up demand” could drive a V-shaped economic recovery

“Pent-up demand” is usually a myth. But not this time. The Covid lockdown has created genuine pent-up demand, says Merryn Somerset Webb. That’s now be…
29 Jun 2020