UK Average Earnings excl. Bonus (3Mo/Yr) (Jan) 3.8% vs. Exp. 4.0% (Prev. 4.2%, Low. 4.0%, High. 4.3%)
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[MARKET UPDATE] European gas prices surge over 25% following the Qatar LNG plant attack
[MARKET UPDATE] European gas benchmarks see upside of c. 30% QatarEnergy confirmed Ras Laffan Industrial City had been subjected to missile attacks
UK Average Earnings excl. Bonus (3Mo/Yr) (Jan) 3.8% vs. Exp. 4.0% (Prev. 4.2%, Low. 4.0%, High. 4.3%)
Kuwait Petroleum Corporation says one of the operational units at Mina Al-Ahmadi refinery was targeted on Thursday by a drone, resulting in limited fire, no casualties reported
[MARKET UPDATE] Gold continues to falter down to a USD 4747/oz low, technicians highlight the 100-DMA at USD 4597/oz. Move potentially exacerbated by XAG losing its 100-DMA at USD 73.43/oz
On the Newsquawk feed at , 20 minutes before this page.
Context
The UK Average Earnings excluding bonuses came in at 3.8%, missing expectations of 4.0% and down from a previous 4.2%. This miss may signal softer wage growth, which could influence the Bank of England's monetary policy trajectory, particularly in the context of inflation pressures and growth concerns.
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