London’s FTSE 100 re-took the 7500-point mark helped by rallying banks as investors absorb jobs and wages data into the Bank of England’s next rate call later this month.
Wages including bonuses in the UK rocketed by 8.5% year-on-year, ahead of expectations again. Excluding bonsues wages rose by 7.8% as expected.
Unemployment ticked up to 4.3%.
Mining stocks cooled after the previous day’s rally, while defensive sectors fell back in line with an upbeat feel to trade as the rally entered its fourth consecutive trading day,
