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Tuesday preview: UK employment, Apple in focus

All eyes will be on the latest UK employment report on Tuesday.

At 07:00 BST, the Office for National Statistics He is expected to announce that the unemployment rate rose a tenth of a percentage point during the three months ending in July, to 4.3%.

Meanwhile, the wage growth rate is seen stable at a record 7.8% for the three months to July.

Commenting on the backdrop leading up to that launch, Michael Hewson, chief market analyst at CMC Markets United Kingdomsaid: “With the CPI starting to slow, the Bank of England has to deal with an outlook in which wage growth is likely to remain stiff for some months, at the same time as inflation is starting to slow.

“They should also be aware of the fact that the 14 rate increases already implemented have not yet been fully felt and it could take a few more months before their effects are fully realized.”

Meanwhile, on the other side of the English Channel, financial markets will be awaiting the German economic index from the ZEW institute covering the month of September.

Spanish consumer price data for August will also be published.

On the business side, investor attention is likely to focus on Apple’s “Wonderlust” event ahead of what is typically the strongest quarter each year for the American tech giant.

Rumors point to the possible launch of a new iPhone 15 and Apple Watch series 9, Hewson added.

A new standard iPad with improved chipsets is also likely to be introduced, along with the new USB-C charging connector.

Another possibility is an upgrade to the VisionPro headset.

Tuesday September 12

PROVISIONAL

Cornerstone FS, Creo Medical Group, Dowlais Group, Elecosoft Public Limited Company, Equals Group, Harworth Group, Hvivo, IQE, Itaconix, JTC, Ocean Harvest Technology Group, Property Franchise Group, Smart Metering Systems, The Gym Group

HALF DIVIDEND PAYMENT DATE

Foxtons Group, Lloyds Banking Group, LMS Capital

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

ZEW Survey (EU) – Economic Sentiment (10:00)

MSG

OMV Petrom SA RDA (REG S)

FINALS

Comments, Mattioli Woods, Petra Diamonds Ltd.(DI)

AGMS

Northern Bear, RC365 Holding, Rockwood Strategic, Warehouse Reit

COMMERCIAL ANNOUNCEMENTS

Associated British foods

UK ECONOMIC ANNOUNCES

Claimant Count Rate (07:00)

Unemployment Rate (07:00)

FINAL DIVIDEND PAYMENT DATE

Ashtead Group, Lindsell Train Inv Trust



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