Financial markets’ focus at the end of the week will be squarely on the US non-farm payrolls report for August.
Hiring is expected to have picked up slightly from a pace of 850,000 in June to 870,000 for July.
The rate of unemployment is also seen retreating month-on-month, by two tenths of a percentage point to 5.7%.
However, the low level of workforce participation means that the official statistics are drawing an overly strong picture of the underlying situation.
On home shores meanwhile, mortgage lander Halifax will publish its house price index for July.
Finally, across the Channel, readings on industrial production in Germany, France and Spain in June are all scheduled for release.
For LSE Group‘s first half numbers meanwhile, UBS believes investors’ focus will be on the stock exchange operator’s costs and second quarter revenue growth rate.
In March, LSE guided higher on costs and financial markets are now hoping for an update and perhaps some guidance regarding the outlook for the same in 2022.
On LSE’s top-line over the three months to June, Werner was anticipating year-on-year revenue growth at constant foreign exchange rates of 5.3%.
But a currency hit of 770 basis points was expected to result in a 2.8% drop in sales on a reported basis.
“The shares remain a show-me story as we think it will take some time for the market to give the company credit for the acquisition-related earnings growth and cash flow generation in the coming 3-5 years,” the analyst added.
“As a result, we expect them to be range-bound from £70-80 through the coming 6-12 months.”
Friday 6 August
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