Look ahead: UK unemployment; ZEW; Vodafone; Greggs; Home Depot
The latest UK unemployment rate print will be interesting given it comes a week after the Bank of England kept rates unchanged, but signalled it was moving closer to cutting interest rates.
(AI Video Summary)
UK unemployment rates
In today's "Look ahead" financial update, Angeline Ong spotlights several key indicators and their potential impact on the markets for Tuesday, 14th of May. She touches on the UK unemployment rates, forecasted to remain at 4.2%, and the anticipation around the Bank of England's interest rate decisions, with hints at a potential cut in June. The discussion also covered the GBP/USD currency trend, the German ZEW index for business morale, and the US Producer Price Index—all vital for investor sentiment.
Earnings reports
Additionally, corporate earnings from Vodafone, Greggs, Flutter, Bayer, Porsche, and Home Depot were highlighted, with an emphasis on Home Depot's performance amidst inflation concerns and competitive pressures.
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