As shown by official data released today, the unemployment rate in the UK unexpectedly fell in September, despite the higher than expected increase in the number of applicants for unemployment benefits in October, while wage growth has not met expectations.
The Office for National Statistics said that UK unemployment rate in the three months through September fell to 4.8%, although the forecast said it would remain unchanged at 11-year low of 4.9%.
European stocks and futures snapped a two-day dropping pattern as miners and banks rallied amid growing investors optimism that U.S. President-elect Donald Trump will spur growth in the world’s biggest economy.
RWE AG jumped 1.6 % after posting earnings. Novartis AG gained 1.3 % after people familiar with the matter, reported the Swiss health-care company.U.K. stocks leaped in today’s session, with financial shares among the advancers, as the pound pulled back from a rally spurred by