European stocks open higher; UK wage growth falls to two-year low

📆 8/13/2024 7:23 AM
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European stocks opened higher Tuesday, regaining some positive momentum after last week’s volatility.

index, the regional benchmark, was 0.4% higher at 8:07 a.m. London time. Financial services led gains, up 0.8%, while travel stocks slipped 0.86%.Sign up for NBC San Diego's News Headlines newsletter.

Jack Kennedy, senior economist at the Indeed job site, said the figures showed the labor market remained"fairly tight" and that wage pressures were softening only gradually, potentially limiting the level of monetary easing the Bank of England is able to deliver this year.by 25 basis points. After two months at 2%, economists polled by Reuters expect the headline rate to tick higher, to 2.3%.

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