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The UK's average earnings growth rate excluding bonuses for the three months ending in August was 3.7% year-on-year, below the expected 3.6% and the previous figure revised from 3.50% to 3.6%.

2026-10-20

The UK's average earnings growth rate excluding bonuses for the three months ending in August was 3.7% year-on-year, below the expected 3.6% and the previous figure revised from 3.50% to 3.6%.

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2026-10-20

China hog futures main 2701 contract extended losses yesterday, down 2.48% to near 10,000 yuan/ton, marking a record low since listing and a 64% decline from the peak of 28,400 yuan/ton. Nationwide average hog price fell below 10 yuan/kg. GUOTAI JUNA

China hog futures main 2701 contract extended losses yesterday, down 2.48% to near 10,000 yuan/ton, marking a record low since listing and a 64% decline from the peak of 28,400 yuan/ton. Nationwide average hog price fell below 10 yuan/kg. GUOTAI JUNAN SECURITIES said spot hog prices have traded near industry cash cost for six months. Key drivers: accelerated industry consolidation has left large, cash-rich producers delaying capacity cuts versus smallholders; recent improvements in breeding and feed-to-meat efficiency have concentrated a capacity dividend this year; when losses began in Q4 last year many producers kept output expecting a cycle turn, leaving supply pressure into Q4. Medium-term, if the sector remains loss-making into Q3, markets will trim forward spot-supply expectations and, with policy guidance, social and corporate capacity exits could accelerate; if losses persist into Q4 the sector could enter an outsized destocking phase, with supply likely to decline gradually after Q2 2027 and support a subsequent price recovery.
2026-10-20

UK payrolls rose 13k in September, official data showed, versus market consensus for an 8k drop; August payrolls were revised from a 26k fall to a 1k rise. The three‑month unemployment rate to August unexpectedly fell to 4.7%, the lowest since July 2

UK payrolls rose 13k in September, official data showed, versus market consensus for an 8k drop; August payrolls were revised from a 26k fall to a 1k rise. The three‑month unemployment rate to August unexpectedly fell to 4.7%, the lowest since July 2025. The ONS warned estimates remain affected by data‑collection quality issues. The surprise strengthens Chancellor John Healey’s position ahead of a key budget next week.
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