UK employment and German ZEW amongst market movers today – Rabobank

Analysts at Rabobank suggest that today we have UK unemployment (consensus: 31.2K) and average earnings (seen down from 2.5% to 2.5% y-o-y), which is going to be a key economic release for today’s session.

Key Quotes

“The UK also has a crucial parliamentary session regarding amendments to the Brexit Bill that could have a huge impact on the final shape of the UK’s exit from Europe, but the headlines this morning suggest that Theresa May might have managed to broker yet another compromise that will avoid parliamentary defeat and kick the can down the road further, while leaving the final shape of Brexit still amorphous.”

“In Germany we have the ZEW survey, expected down to 85.0 as analyst sentiment continues to sag – perhaps given the situation in Italy the figure will be even lower.”