UK Gilt Yields Steady on Weak Labor Data
The UK 10-year gilt yield held steady just below 4.5%, near its lowest level since December 2024, after weaker-than-expected labor market data reinforced expectations of a Bank of England interest rate cut next month. Regular pay growth slowed to 4.6% in the third quarter, the weakest since February–April 2022, while total pay, including bonuses, rose 4.8%, slightly below forecasts of 4.9%. Meanwhile, the unemployment rate climbed to a four-year high of 5.0%, surpassing expectations of 4.9%, as the number of unemployed increased and employment fell for the first time since early 2024. The Bank of England left interest rates unchanged last week but indicated that a rate cut in December remains possible, depending on how persistent domestic inflation pressures prove. Investors now turn to third-quarter GDP figures on Thursday for further guidance ahead of the Autumn Budget 2025 later this month.
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market





