Stocks rise as investors digest UK jobs data

London stocks rose in early trade on Tuesday following a late bounce on Wall Street, as investors mulled the latest UK jobs data.

At 0835 BST, the FTSE 100 was up 0.4% at 7,542.15.

Figures released earlier by the Office for National Statistics showed that average total pay including bonuses rose 5.1% between April and June, with regular pay excluding bonuses up 4.7%. However, adjusted for inflation, total pay fell 2.5% and regular pay was down by a record 3%.

Meanwhile, job vacancies in the three months to the end of July fell for the first time in two years, dropping by 19,800 to 1.27m. Vacancies remain at historically high levels, but this marked the first quarterly fall since the three months to August 2020.

Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.

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