Reply To: Traders Market Weekly: Expect the Unexpected


U.K.’s August Average Earnings Index + Bonus 6.0% yr/yr (expected 5.9%; last 5.5%). August three-month employment change -109,000 (expected -155,000; last 40,000) and August Unemployment Rate 3.5% (expected 3.6%; last 3.6%). September Claimant Count 25,500 (expected 4,200; last 1,100)
Italy’s August Industrial Production 2.3% m/m (expected 0.2%; last 0.5%); 2.9% yr/yr (expected -0.4%; last -1.3%)
The U.K.’s Pension and Lifetime Savings Association called on the Bank of England to continue its emergency Gilt buying program until at least the end of the month.
The U.K.’s unemployment rate reached its lowest level since 1974 in the August reading.
Mercedes reported that its Q3 deliveries increased 21% yr/yr thanks to growth in all regions. A German trade union called for a worker strike at Amazon warehouses during this week’s sales event.