UK Average Earnings incl. Bonus (3Mo/Yr) (May) 4.3% vs. Exp. 4.5% (Prev. 4.4%)
The UK average earnings growth has come in at 4.3%, slightly below the expected 4.5% and down from the previous 4.4%.
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 incl. Bonus (3Mo/Yr) (May) 4.3% vs. Exp. 4.5% (Prev. 4.4%)
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 miss could imply a potential cooling in wage pressures, which may influence the Bank of England's policy outlook—if earnings continue to slow, it might reduce the urgency for further rate hikes. Watch for market reactions as this data feeds into the broader inflation narrative.
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