News
Pre-London: UK jobs beat, Brent back above 110, ZEW due
Updated : Corrected: UK employment consensus was +20K, not +5K, and the prior +67K, not +66K.
Pre-London: UK jobs beat, Brent back above 110, ZEW due
- Overnight: UK unemployment 4.7% vs 4.9% (prior 4.9%), employment +102K vs +20K, AWE 3.7% vs 3.8%, regular pay 3.7% vs 3.6%; German PPI 1.9% m/m vs 1.6%, 6.7% y/y vs 6.3%; China LPR 1y 3.0%, 5y 3.5%, unchanged
FO view: A firm UK jobs print lifts sterling as the dollar eases, while December Brent trades back above 110 on contested Gulf strike claims.
Not investment advice.