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Daily Market Analysis By FXOpen
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[QUOTE="FXOpen Trader, post: 328212, member: 104606"] [B][SIZE=5]London Markets Anticipate Opening Decline with Focus on US Inflation and UK Jobs Data[/SIZE][/B] [img]https://i.imgur.com/QL41Q51.jpg[/img] As investors remain attuned to the imminent US inflation report and scrutinise the latest UK jobs data, London stocks are poised to open on a downward trajectory. The FTSE 100 opened approximately 10 points lower at 7,416 this morning in the London session. Earlier figures from the Office for National Statistics unveiled that wage growth in the three months to September experienced a mild deceleration. However, earnings growth surpassed inflation, while the unemployment rate maintained its stability. Including bonuses, average wage growth dipped to 7.9%, down from an upwardly-revised 8.2% the previous month. This contrasts with the 6.7% inflation rate. Economists had anticipated a decline to 7.4% in wage growth, including bonuses. Excluding bonuses, wage growth eased to 7.7% in the same period, slipping from 7.8%. The unemployment rate remained steady at 4.2%. The Office for National Statistics in the UK noted that labour market figures depict a relatively unaltered scenario, with proportions of employed, unemployed, and those not actively seeking employment showing marginal changes from the previous quarter. [B][URL="https://fxopen.com/blog/en/gt-london-markets-anticipate-opening-decline-with-focus-on-us-inflation-and-uk-jobs-data/?utm_source=tpt_forum&utm_medium=posts"]VIEW FULL ANALYSIS VISIT - FXOpen Blog...[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.[/I] [/QUOTE]
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