UK labour market: The Office for National Statistics releases employment data, including changes in unemployment and average earnings. With inflation falling, there will be plenty of interest in whether pay rises are also easing. 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 two most recent quarters.
Economic indicators: S&P Global releases the latest purchasing managers’ indices for the EU, France, Germany, Italy and the UK. The closely watched data measures business activity in the manufacturing and services sectors. Investors will be on alert for signs that the economies are slowing.
Corporate results: Barclays becomes the first major UK bank to put out third-quarter results. At the time of its second-quarter results in July, it said mortgage margins in its retail business were “compressing”. Since then, the Bank of England has paused its series of interest rate increases, which is never great news for bank margins. Other companies with updates include miner Anglo American, luxury groups Hermès and Zegna and building materials supplier Travis Perkins.
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