Good morning and welcome to Monday’s Money
Minute, where we look ahead to this week’s biggest financial stories.
Today in the US, we’ll get the latest survey of manufacturing activity.
Manufacturers around the world have been struggling this year, and the US is no different.
In recent months, surveys have indicated that activity in the sector is now shrinking, and
the latest report is expected to confirm the trend. Over in Australia on Tuesday, the central bank is set to announce its latest decision
on interest rates. Australian rates are now sitting at 0.75%,
and that’s where they’re expected to stay for now.
However, the Australian economy is looking fragile, with wage growth slowing down and
unemployment edging higher. As a result, financial markets still expect
further rate cuts early next year. On Thursday, we get a slew of data from the
eurozone including the latest reports on retail sales, third quarter GDP growth, and employment.
Companies reporting include FTSE 100 packaging group DS Smith and builders’ merchant Wolseley.
Have a good week!