UK Labor Market: The Office for National Statistics publishes employment data, including unemployment and average earnings. As inflation eases, there will be more interest in whether wage growth eases. The ONS says it will publish “a new series using additional data sources to produce adjusted levels and rates for employment, unemployment and inactivity” for the latest two quarters.
Economic Indicators: S&P Global publishes the latest Purchasing Managers’ Indexes for the EU, France, Germany, Italy and the UK. Closely observed data measures business activities in the manufacturing and service sectors. Investors will be alert for signs that the economy is slowing.
Company Results: Barclays became the first major UK bank to publish third-quarter results. During its second-quarter results in July, it said mortgage margins were “tight” in its retail business. Since then, the Bank of England has put its interest rate hikes on hold, which is never good news for bank margins. Other companies with upgrades include miner Anglo American, luxury groups Hermès and Zegna, and construction materials supplier Travis Perkins.
