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The Markets
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Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
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The Markets
by Proactive
Proactive UK has moved.
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UK lending data and US non-farm payrolls: Macro week ahead

A spate of announcements internationally promise to bring a busy week ahead, culminating in US job market figures on Friday.

First though, UK lending figures from the Bank of England on Monday will be in focus, incorporating mortgage approval data for January.

Expectations are for 65,700 approvals over the month, against an expectation-beating 66,500 in December, in part as buyers rush through deals before April’s stamp duty hike.

Across the Channel, Monday will also see inflation figures released from the Eurozone, before the European Central Bank’s interest rate decision on Friday.

Another cut, which would mark the sixth since last June, is expected from the central bank on a moderation in inflation through February.

US non-farm payrolls and unemployment data for February will then dominate later on Friday, offering further clarity on Federal Reserve cuts as Trump tariffs cloud the picture.

Some 143,000 jobs had been added to the US economy in January, against the 175,000 expected, as unemployment fell to 4.0%.

The addition of 180,000 jobs and an unchanged unemployment reading have been forecast this time around.

“This outcome would help reinforce current market pricing that the Fed will keep rates on hold until mid-year, before delivering two [...] cuts in the second half,” IG analysts said.

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