British labor market: The Office for National Statistics publishes employment data, including changes in unemployment and average earnings. As inflation falls, there will be great interest in whether wage increases also ease. The ONS says it will publish “a new series using additional data sources to produce adjusted levels and rates for employment, unemployment and inactivity” for the most recent two quarters.
Economic indicators: S&P Global publishes the latest Purchasing Managers’ Indices for the EU, France, Germany, Italy and the UK. The closely watched data measures business activity in the manufacturing and services sectors. Investors will be watching for signs of an economic slowdown.
Company results: Barclays is the first major British bank to report third quarter results. At the time of its second-quarter results release in July, it said retail mortgage margins were “declining.” Since then, the Bank of England has paused its rate hike streak, which is not good news for banks’ margins. Other companies with updates include miner Anglo American, luxury groups Hermès and Zegna and building materials supplier Travis Perkins.