Stocks declined on concern that the plan by central banks to ease the global credit-market turmoil won’t be enough to prevent an economic slowdown. Overnight News Bullets UK Claimant Count Rate (Nov), out at 2.5% vs. 2.6% exp. 2.6% prior. UK Jobless Claims Change (Nov), out at -11.1k vs. -5.0k exp. -9.9k prior. UK Avg. Earnings inc/ex bonus (Oct), out at 4.0%/3.6% vs. 4.2%/3.7% exp. 4.1%/3.7% prior. UK ILO Unemployment Rate (Oct), out at 5.3% vs. 5.4% exp. 5.4% prior. UK Manu. Unit Wage Cost
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Thursday, December 13th, 2007 at 11:07 am
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