UK labor market: The Office for National Statistics publishes employment data, including changes in unemployment and average earnings. With inflation falling, there will be a lot of interest in whether wage increases will also ease. 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 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 attentive to signs of economic slowdown.
Corporate results: Barclays becomes the first major British bank to publish its third quarter results. At the time of its second-quarter results release in July, the company said mortgage margins in its retail business were “compressing.” The Bank of England has since suspended its series of interest rate hikes, which is never good news for bank margins. Other companies updated include mining company Anglo American, luxury groups Hermès and Zegna and building materials supplier Travis Perkins.