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FTSE Falls From 2 And A Half Week High, US Jobs Data To Preview Nonfarm Friday

By Spreadex (Connor Campbell)Stock MarketsJun 03, 2021 09:18

uk.investing.com/analysis/ftse-falls-from-2-and-a-half-week-high-us-jobs-data-to-preview-nonfarm-friday-200479199

By Spreadex (Connor Campbell) | Jun 03, 2021 09:18

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Despite Brent Crude hitting a 2-year high, the FTSE felt back on Thursday, retreating from Wednesday’s 2-and-a-half-week high close.

Shedding more than half a percent, the UK index dropped back below 7,060 after the bell, suffering from a spate of losses in its mining and banking divisions, and more pronounced falls for BT Group (LON:BT) and Kingfisher (LON:KGF).

Things were far calmer in the Eurozone, where both the DAX and CAC started the session essentially unchanged at 15,585 and 6,500 respectively.

As for the Dow Jones, it is heading for a 0.2%, or 65-point, drop after the bell, one that would knock it back below 34,550.

There’s a flurry of interesting US data to come out this afternoon, especially related to the labour market.

The ADP nonfarm employment change number is forecast to fall from 742,000 to 645,000 month-on-month, ahead of expectations of a rise from 266,000 to 645,000 for the official number tomorrow.

The usual Thursday jobless claims reading, meanwhile, is set to drop from 406,000 to 400,000. If accurate, that would be the lowest figure since the pandemic began.

Elsewhere, the final Markit services PMI from the States is expected to hold at 70.1, while the ISM reading is set to nudge higher, from 62.7 to a 63.0.

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1D1W1M6M1Y5YMax

FTSE 100	7,027.58	+59.28	+0.85%
DAX	15,669.29	+154.75	+1.00%
Euro Stoxx 50	4,109.10	+50.05	+1.23%
US 30 Futures	34,917.0	+208.0	+0.60%
US 500 Futures	4,399.00	+39.50	+0.91%
Nikkei 225	27,548.00	+159.84	+0.58%
GBP Index	137.74	0.00	0.00%

Brent Oil	74.20	+0.41	+0.56%
Crude Oil WTI	72.17	+0.26	+0.36%
Gold	1,801.90	-3.50	-0.19%
Silver	25.235	-0.146	-0.58%
Copper	4.4553	+0.1178	+2.72%
London Cocoa	1,579.00	+9.00	+0.57%
London Wheat	174.30	-4.20	-2.35%

GBP/USD	1.3747	-0.0016	-0.12%
EUR/USD	1.1773	+0.0003	+0.03%
USD/JPY	110.56	+0.41	+0.38%
EUR/GBP	0.8561	+0.0015	+0.18%
USD/CAD	1.2560	-0.0004	-0.03%
GBP/JPY	151.98	+0.39	+0.26%
AUD/USD	0.7365	-0.0013	-0.18%

Lloyds Banking	45.88	+0.66	+1.45%
Vodafone Group PLC	118.84	+2.80	+2.41%
Barclays	167.12	+1.80	+1.09%
BT Group	184.75	+2.65	+1.46%
HSBC	401.60	+0.90	+0.23%
BHP Group	2,258.00	+29.00	+1.30%
Exxon Mobil	57.04	-0.07	-0.12%

	Interest Rates	Next Meeting
BOE	0.10%	Aug 05, 2021
ECB	0.00%	Jul 22, 2021
FED	0.00%-0.25%	Jul 28, 2021
SNB	-0.75%	Sep 23, 2021
RBA	0.10%	Aug 03, 2021
BOC	0.25%	Sep 08, 2021
RBNZ	0.25%	Aug 18, 2021
BOJ	-0.10%	Sep 21, 2021
CBR	6.50%	Jul 23, 2021
RBI	4.00%	Aug 06, 2021
PBOC	3.85%
BCB	4.25%	Aug 04, 2021

FTSE Falls From 2 And A Half Week High, US Jobs Data To Preview Nonfarm Friday

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