Today, attention turns to the UK labour market. Jasper Lawler, of CMC Markets, said data for June is expected to show average earnings tick higher to 2.3% y/y with the claimant count rising by 4.1k, leaving unemployment at 5.0%.
Mr Lawler added: “It’s possible firms froze hiring in the lead up to and in the immediate aftermath of the referendum, but more likely that those decisions are made over the coming months based on real business conditions.”
On the agenda today:
Trading update: Wizz Air Holdings, TalkTalk Telecom, Fresnillo, Severn Trent, Anglo American, Clinigen Group, Electrocomponents
AGM: Lansdowne Oil & Gas, Johnson Matthey, Ashmore Global Opportunities, Renold, BP Marsh & Partners, Severn Trent, Electrocomponents
Economics: Unemployment rate (UK), average earnings index 3m/y (UK), claimant count change (UK), current account (EU)