With economic growth set to propel more than 90% of the world's population into the so-called "consumer class" by 2020, a new report from HSBC Commercial Banking suggests companies should start preparing today to meet the wants and needs of tomorrow's customer.
The co-author of that report Paul Flatters, from futures consultancy Trajectory, joined the Morning Money team to talk about the research.
The Federal Open Market Committee continues its deliberations about whether to hike interest rates. It’s against a back drop of uncertainty as European stocks closed lower on Tuesday amid concerns over Brexit, and The German 10-year bund yield falling below zero for the first time. Michael Hewson, Chief Market Analyst at CMC Markets, offered his views.
The Federal Reserve left interest rates unchanged on Wednesday, moving the focus to the next Federal Open Market Committee meeting in June. But the latest FOMC statement is little changed from the last one, and provides no strong clue about the likely decision at the June meeting. So when can we expect an interest rate hike? Richard de Meo, Founder & MD of corporate forex broker Foenix Partners, offered his views.
Well it wasn't quite the fairytale succession everyone expected, as the man being groomed to become the next boss of Disney says he'll be stepping down next month. Tom Staggs had been seen as the heir apparent to replace Bob Iger, who retires in 2018, but has reportedly quit his post because he was not guaranteed the chief executive role. To discuss this, film industry expert Terry Ilott joined Nigel Cassidy and Sara Sjölin.
US consumer confidence data is released later today and to look ahead to it, Nandini Ramakrishnan, Global Market Strategist at JP Morgan Asset Management, joins Sandra Kilhof and Mark Johnson to discuss, as well as assessing the US economy after 'Black Monday'.