News Formal

European stocks open higher; Ericsson up 7%; UK wage growth falls to two-year low

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 72%

Breaking News: Europe Notícia

STOXX 600,Telefonaktiebolaget LM Ericsson,CAC 40 Index

European stocks opened higher Tuesday, with global markets broadly tracking gains on Wall Street.

The U.K. labor market snapshot released by the Office of National Statistics on Tuesday is broadly supportive of a Bank of England rate cut in November, according to analysts. Wage growth met forecasts and slowed to the lowest level in more than two years, while the jobs market was relatively stable, with unemployment dipping to 4% from 4.1%. 'The gradual cooling of the U.K. labour market continues, with wage growth easing further and vacancies continuing to trend down.

Markets are pricing in an 83% probability of a November rate cut as of Tuesday morning. Ashley Webb, U.K. economist at Capital Economics, said the ONS figures added 'further support' to expectations of a rate cut to 4.75% from 5% next month. Thomas Pugh, economist RSM UK, said the door would be 'wide open' for a November cut as long as inflation figures — due out Wednesday — fall as expected.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

European stocks steady after inflation, unemployment data; Ericsson shinesEuropean stocks steady after inflation, unemployment data; Ericsson shines
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Nike stock pulls back as Wall Street has low expectations for Tuesday earningsThe market isn’t expecting much from Nike’s (NKE) August quarter when it reports after the close on Tuesday.
Fonte: FXStreetNews - 🏆 14. / 72 Consulte Mais informação »