Weekly outlook: US and China inflation figures and ECB policy decision
The key events for UK wealth managers for the week starting 7 June
Monday 7 June
-German factory orders
-US NFIB Small Business Optimism Index
According to 2019 data from the US Census Bureau, small businesses represent 99% of all American firms and account for 70% of American jobs so small companies can give a good guide to how the US economy is doing, said AJ Bell investment director Russ Mould.
The NFIB Small Business Optimism index rose in April to 99.8. However, 44% of small businesses said they were struggling to find staff, the highest figure since the survey began in the mid-1970s.
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