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UK jobless claims expected to rise following Brexit vote - business live UK jobless claims expected to rise following Brexit vote - business live
(35 minutes later)
8.06am BST
08:06
European markets open higher
The FTSE 100 is up 23 points or 0.3% in early trading, at 6,916.
7.50am BST7.50am BST
07:5007:50
The FTSE 100 is expected to open slightly higher this morning:The FTSE 100 is expected to open slightly higher this morning:
Our European opening calls:$FTSE 6904 up 10$DAX 10687 up 10$CAC 4465 up 5$IBEX 8616 down 6$MIB 16791 down 2Our European opening calls:$FTSE 6904 up 10$DAX 10687 up 10$CAC 4465 up 5$IBEX 8616 down 6$MIB 16791 down 2
7.47am BST7.47am BST
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The agenda: UK jobless claims to offer Brexit insightThe agenda: UK jobless claims to offer Brexit insight
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
The spotlight is on the UK jobs market today. At 9.30am the Office for National Statistics will publish the latest unemployment data.The spotlight is on the UK jobs market today. At 9.30am the Office for National Statistics will publish the latest unemployment data.
Much of the data, including the ILO unemployment rate and total number of people out of work, will relate to the three months ending June - before the 23 June EU referendum.Much of the data, including the ILO unemployment rate and total number of people out of work, will relate to the three months ending June - before the 23 June EU referendum.
But the claimant count data will reveal how many people claimed unemployment benefit it July, a month after the Brexit vote.But the claimant count data will reveal how many people claimed unemployment benefit it July, a month after the Brexit vote.
Economists polled by Reuters are expecting a 9,500 jump in claims last month, following a rise of 400 in June.Economists polled by Reuters are expecting a 9,500 jump in claims last month, following a rise of 400 in June.
On the ILO measure, the unemployment rate is expected to remain unchanged at 4.9% in the three months ending June. Wage growth (including bonuses) is expected to pick up slightly to 2.4% from 2.3%.On the ILO measure, the unemployment rate is expected to remain unchanged at 4.9% in the three months ending June. Wage growth (including bonuses) is expected to pick up slightly to 2.4% from 2.3%.