FTSE 100 analysis: Unemployment rises and wages jump – Top UK stocks
We had mixed economic data out this morning, with signs that labour market is cooling but wages continue to surge higher, raising the pressure on inflation figures out tomorrow.
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We had mixed economic data out this morning, with signs that labour market is cooling but wages continue to surge higher, raising the pressure on inflation figures out tomorrow.
The UK economy grew faster than expected in the second quarter, but that is fuelling fears that inflation could remain elevated.
The FTSE 100 is under pressure in the wake of weak economic data out of China, as Glencore dishes out more cash to shareholders despite a tough first half.
Homebuilders are in play as UK house prices remain under pressure, buyers are circling for Haleon’s non-core assets and mining giants are following iron ore prices lower.
We have updates out from BAE Systems, Smurfit Kappa, Taylor Wimpey, Haleon, ConvaTec, Wizz Air, Virgin Money and many more this morning.
BP ups shareholder returns despite a sharp drop in profits, HSBC has raised its outlook and markets are digesting news that shop price inflation fell for the first time in two years in July.
UK oil producers are on the rise as the government looks to kickstart fresh drilling in the North Sea, BT Group finds its next CEO and Spectris lifts its full year outlook.
Rolls Royce shares have hit their highest level in over three years after smashing expectations in the first half, while UK banks are trading lower as earnings season begins.
Vodafone beat expectations in the first quarter, while airline stocks are under pressure as wildfires ravage Greece.
UK retail sales picked-up more than expected in June, but we saw consumer confidence take its first knock in over six months to suggest thing are getting tougher for the British public.
Markets are digesting a flurry of results and updates out from the likes of easyJet, Dunelm, Babcock, IDS, Vistry Group, Alphawave and Premier Foods.
The FTSE 100 is rising in wake of the latest inflation data.
Ocado shares are rising after adjusted Ebitda came in much better than expected.
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