Good morning and welcome to Money Minute, where we preview the day's biggest financial stories.
In the eurozone, we get German industrial production for December. Activity in the German manufacturing industry has been contracting for five quarters in a row.The sector has started to see tentative signs of recovery - or at least, activity isn’t slowing as rapidly as it was.However, it's likely that December’s reading will confirm that the industry remained mired in recession at the end of last year.
In the US meanwhile, we get the latest nonfarm payrolls data. Analysts expect the US economy to have added around 160,000 jobs last month.Meanwhile, wages are expected to be up 3% on last year.
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
The Federal Reserve has already made it clear that it has no intention of raising interest rates any time soon, at least, not until inflation has reared its head far more aggressively.So markets will probably be hoping for a figure that beats expectations.That would take some of the edge off fears that the coronavirus will hurt global growth this year.
-
Trapped in a time of zombie governmentIt’s not just companies that are eking out an existence, says Max King. The state is in the twilight zone too.
-
America is in deep denial over debtThe downgrade in America’s credit rating was much criticised by the US government, says Alex Rankine. But was it a long time coming?
-
Bank of England raises interest rates to 5.25%The Bank has hiked rates from 5% to 5.25%, marking the 14th increase in a row. We explain what it means for savers and homeowners - and whether more rate rises are on the horizon
-
UK inflation remains at 8.7% ‒ what it means for your moneyInflation was unmoved at 8.7% in the 12 months to May. What does this ‘sticky’ rate of inflation mean for your money?
-
VICE bankruptcy: how did it happen?Was the VICE bankruptcy inevitable? We look into how the once multibillion-dollar came crashing down.
-
Would a food price cap actually work?Analysis The government is discussing plans to cap the prices of essentials. But could this intervention do more harm than good?
-
UK inflation slides to 8.7% - what does it mean for your money?News Inflation has dropped below 10% for the first time in months, but with food prices at a 45-year high, is this good news and what does it mean for your money?
-
Why the UK equity market is shrinkingAnalysis The crisis has been building for 25 years, says Max King, and it will take decades to reverse the trend.
