Morning Bid: Markets catch a break before inflation, earnings

LONDON, Jan 13 (Reuters) – The number of job vacancies in London’s financial sector dropped by almost a fifth in the last three months of 2024 compared with the previous quarter, to its lowest level since June 2020, Morgan McKinley’s London Employment Monitor on Monday showed.

Job postings of 3,664 for the fourth quarter period were also down 12% on the final three months of 2023, while the number of vacancies across 2024 as a whole was down 28% on the prior year.

“These stark figures paint a sobering picture of an industry grappling with mounting challenges, including economic volatility, geopolitical uncertainty, strategic overhauls, and the rapid pace of technological disruption,” said Mark Astbury, a director at Morgan McKinley.

Source: REUTERS