In the eurozone this morning, we get region-wide data on retail sales for November, as well as the December figure for inflation.Retail sales are expected to have grown by about 1% year on year, with Spain and France showing the biggest gains.
Meanwhile, eurozone-wide inflation is expected to come in at around 1.3%. That's still well below the European Central Bank's target of just below 2%.That means we can expect to see money printing in the eurozone for the foreseeable future.
In the US this afternoon, we get the latest reading on the health of the services sector.
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
As with everywhere else in the world, US manufacturing is struggling. The most recent survey suggested that activity in the sector in December was weaker than at any point since 2009.However, the services sector is far more important in terms of economic impact, and so far has remained healthy.Researchers at Capital Economics expect the survey to rebound from November's reading of 53.9, to above 55, indicating solid growth.
-
House prices rise 2.9% – will the recovery continue?House prices grew by 2.9% on an annual basis in September. Will Budget policies and ‘higher-for-longer’ rates dent the recovery?
-
Nvidia earnings: what to expectNvidia announces earnings after market close on 20 November. What should investors expect from the semiconductor giant?
-
Money Minute, Monday 30 March: grim numbers expected from the USVideos It’s a quiet week for economic data in the UK – but the US is set to release some grim numbers.
-
Money Minute Monday 23 March: will “whatever it takes” be enough?Videos As we start to see the damage that the shutdown is doing, Money Minute looks at central bank measures to counter it.
-
Money Minute Monday 15 March: the virus and the damage doneVideos After a historic week for markets, Money Minute looks forward to measures from governments and central bankers to cope with the coronavirus, and data on the damage done in Asia.
-
Money Minute, Monday 9 March: the Budget, a possible interest-rate cut and news from KoreaVideos This week chancellor Rishi Sunak issues his first Budget, the Bank of England and European Central Bank may consider rate cuts, and the latest data from South Korea could give us clues to the effects of the coronavirus on the global economy.
-
Money Minute Monday 2 March: key events of the week aheadVideos This week we get a decision on interest rates in Australia, US jobs data and the latest Halifax house price index for the UK.
-
Money Minute Monday 17 February: good news ahead for the UK economy?Videos Today's Money Minute looks to a week in which we get the latest employment and inflation numbers, plus retail figures for January and a slew of eurozone date.
-
Money Minute Friday 14 February: The latest from RBS, Britain's state-owned bankVideos Today's Money Minute previews results from RBS – Britain’s state-owned bank – and from pharma giant AstraZeneca.
-
Money Minute Thursday 13 February: latest numbers from Barclays and CentricaVideos Today's Money Minute previews earnings reports from Barclays Bank and Centrica, plus the latest US employment picture
