London Report: UK labour data and inflation report to form rates outlook
LABOUR market data and the Bank of England’s quarterly inflation report due this week will point to the likelihood of rate rises in the near future.
“Latest labour market data is likely to show a further marked drop in unemployment but still muted earnings growth,” said Howard Archer, of IHS Global Insight. “A further marked fall in unemployment would point to a still rapidly-tightening labour market and also maintain concern over UK productivity.”
The corporate calendar starts today with reports from Huntsworth, Mitie Group, SVG Capital and Synthomer while Just Eat, Ladbrokes, Prudential, Serco Group and SIG give figures tomorrow. Wednesday’s figures come from Admiral Group, Balfour Beatty, Brit Group, Capital & Regional, CLS Holdings, EnQuest, Glencore, G4S, Lookers, Michael Page International, Pennon Group and Tribal Group.
AZ Electronic Materials, Centamin, Cineworld, Derwent London, Ophir, Partnership Assurance, Rank Group, Vitec and Zoopla are due to report on Thursday.