Later today we get the Bank of England's final interest rate decision of the year.
It's hard to see the Bank doing anything so soon after the election.On the one hand, two members voted for a rate cut from 0.75% to 0.5% last month.On the other hand, now that we have much more clarity over which Brexit and economic policies the government will follow, the Bank will probably wait to see how the economic data evolves over the next few months.
Meanwhile over in the US we get the latest jobless claims figures.This shows how many people joined the dole queue in America last week.The most recent release showed a spike in jobless claims.This has been blamed on Thanksgiving, which is often disruptive to these figures.
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
However, if unemployment is going to start to rise, it will show up here first.That's why markets will be paying close attention, to see if last week really was an anomaly, or a sign of a potential trend change.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
