Sunniva Kolostyak: Welcome to Morningstar. It’s a big week for economic events so I’m here to give you the headlines on everything we can expect over the coming days.
Today, the Office for National Statistics is dropping its labour market data for September, including the latest unemployment rate and average growth of wages in the UK. Joblessness remains low, but wages are still lagging high inflation.
On Wednesday the 12th, we’ll get GDP data for August, and a glimpse into the growth – or otherwise - of the UK economy.
Thursday this week, the 13th, the latest inflation numbers from the US will be posted. CPI is currently forecasted to be 8.1% in September, slightly down from August. The data will be closely watched for any signs of the cost-of-living crisis relenting. The Federal Reserve will also be keeping an eye on the numbers ahead of its next meeting on the second of November – when it’s still expected to hike rates by 75 basis points.
Plus, earnings season will kick off in earnest on Friday the 14th, with quarterly results from JP Morgan, Wells Fargo, Morgan Stanley and Citigroup.
So be sure to check back in throughout the week. For Morningstar, I’m Sunniva Kolostyak.