Money Minute – Monday 7 October

Good morning and welcome to Monday’s Money
Minute, where we look ahead to this week’s biggest financial stories. In the UK later this morning, we’ll get
the latest on house prices from Halifax. The most recent update from rival lender Nationwide
suggested that house price growth had slowed further in September. On Tuesday in the US, Federal Reserve chairman
Jerome Powell speaks to the National Association for Business Economics. His speech will be pored over for hints as
to what the Fed might do at its next interest rate setting meeting at the end of this month. Over in Japan on Tuesday, we get the latest
update on wage inflation. Wages have been grown strongly in Japan recently, at least
compared to overall inflation. The week also holds a slew of data from Germany,
the eurozone’s biggest economy. On Monday we get factory orders for August,
and then on Tuesday, we get industrial production figures. The German manufacturing sector is clearly
in a downturn, and the latest data is unlikely to show any hint of an upturn. Have a good week!

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