The Sky News Business Round-Up And Look Ahead

Written By Unknown on Sabtu, 12 Oktober 2013 | 18.56

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news.

:: Monday October 14

On Monday, the Eurogroup is gathering ahead of Tuesday's Economic and Financial Affairs Council meeting. Eurogroup is composed of the Eurogroup President, EU Commissioner for economic and monetary affairs, European Central Bank President and finance ministers from the member states whose currency is the euro.

:: Tuesday October 15

The chief executive of the Royal Mail will ring the London Stock Exchange bell on Tuesday as the company's shares list for the first time.The value of the Royal Mail jumped more than £1.2bn as conditional trading begins on the London Stock Exchange.

Also, the ONS will release UK monthly inflation figures. Consumer Price Index was 2.7% in August, down from 2.8% in July and within one percentage point of the government's 2% target rate.

:: Wednesday October 16

Wednesday brings UK unemployment figures for September. In the three months to July unemployment fell by 24,000 to 2.49 million, while the unemployment rate was 7.7%.

:: Thursday October 17

Thursday is the deadline for the United States debt limit, known as the debt ceiling to be extended. Republicans will not agree to lift it unless long term spending is addressed as well as delaying funding for President Obama's healthcare reforms. Parts of the US government have been shut down since October 1 due to an ongoing battle over the budget.

:: Friday October 18

Chinese quarterly GDP figure will be out at 03:00 BST on Friday morning. Figures published in July revealed  the rate of economic growth was 7.5% in the second quarter of 2013 compared to 7.7% in the first quarter.


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