(Sharecast News) – Investors’ focus on Tuesday will be on the latest employment and wages figures in the UK.
Including bonuses, wage growth was expected to slow to a quarterly annualised pace of 7.7% for over the three months to October, against 7.9% in the three months prior.
Despite having stayed above 8% over the preceding three months when bonuses were included, Michael Hewson, chief market analyst at CMC Markets UK saw no risk of a wage price spiral.
“With food prices only just recently dropping below 10% for the first time in over a year it can hardly be a wage price spiral if consumers are finally seeing the price/wage ratio finally starting to turn positive in wages favour,” he said in a note sent to clients.
Against that backdrop, at 1330 GMT the U.S. Department of Labor would release consumer price data for November.
Consensus was that the headline rate of increase would slow from 3.2% in October to 3.1% for November.
Across the Channel, at 1000 GMT the ZEW Institute would publish its economic sentiment index for Germany covering December.
Tuesday December 12
INTERIMS
Vianet Group
INTERIM DIVIDEND PAYMENT DATE
Investec Non-Red Non-Cum Non-Part Prf Shs
QUARTERLY PAYMENT DATE
Brunner Inv Trust
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (US) (13:30)
ZEW Survey (EU) – Economic Sentiment (10:00)
ZEW Survey (GER) – Current Situation (10:00)
ZEW Survey (GER) – Economic Sentiment (10:00)
GMS
Neometals Ltd Npv (Di)
FINALS
Chemring Group, RWS Holdings
EGMS
Atalaya Mining, Atalaya Mining
AGMS
Baillie Gifford Japan Trust, BlackRock Greater Europe Inv Trust, Henderson International Income Trust, International Biotech Trust, PCI-PAL, Time Out Group
TRADING ANNOUNCEMENTS
Gelion
UK ECONOMIC ANNOUNCEMENTS
Claimant Count Rate (07:00)
Unemployment Rate (07:00)
FINAL DIVIDEND PAYMENT DATE
Pan African Resources
