UK Average Earnings excl. Bonus (3Mo/Yr) (May) 3.4% vs. Exp. 3.4% (Prev. 3.4%)
The UK average earnings growth, excluding bonuses, has come in at 3.4%, matching expectations, but crucially failing to show any upward momentum from the previous 3.4%.
The Lebanese army enters Zawtar al-Gharbiya as part of the first phase of the pilot zones, Al Hadath reports; Israeli troops departed the area
Iranian military source reiterates that the Strait of Hormuz remains closed, Fars reports
UK Average Earnings excl. Bonus (3Mo/Yr) (May) 3.4% vs. Exp. 3.4% (Prev. 3.4%)
Toyota (7203 JT) says it will invest USD 3.6bln to expand its San Antonio vehicle assembly plant in Texas
Newsquawk Daily European Equity Opening News - 21st July 2026
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This steady reading suggests that wage growth remains subdued, which may influence the Bank of England's monetary policy stance, particularly in terms of inflationary pressures and interest rates.
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