Labor market in the United Kingdom: The Office for National Statistics releases employment data, including changes in unemployment and average earnings. As inflation declines, there will be a great deal of interest in whether wage increases decline as well. The ONS says it will publish “a new series using additional data sources to produce adjusted levels and rates of employment, unemployment and inactivity” for the last two quarters.
Economic indicators: S&P Global releases the latest PMIs for the European Union, France, Germany, Italy and the United Kingdom. The closely watched data measures business activity in the manufacturing and services sectors. Investors will be alert for signs that the economy is slowing.
Corporate results: Barclays has become the first major UK bank to announce third-quarter results. At the time of its second-quarter results in July, it said mortgage margins in its retail business were “compressed”. Since then, the Bank of England has paused the series of interest rate hikes, which is not great news at all for banks’ margins. Other companies receiving updates include mining company Anglo American, luxury groups Hermès and Zegna, and building materials supplier Travis Perkins.
“Extreme travel lover. Bacon fanatic. Troublemaker. Introvert. Passionate music fanatic.”
More Stories
Apple's revenue fell less than expected despite a difficult start to the year
Stocks stop slide as Apple rises ahead of earnings: Markets wrap
Microsoft unveils a $2.2 billion investment in Malaysia focused on artificial intelligence and the cloud | technology