🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

FTSE 100 Live: FTSE 100 called higher ahead of non-farm payrolls

Published 01/09/2023, 07:07
Updated 01/09/2023, 07:10
© Reuters.  FTSE 100 Live: FTSE 100 called higher ahead of non-farm payrolls
UK100
-
US500
-
DJI
-
IXIC
-

Proactive Investors - Good morning from the Proactive team. The FTSE 100 is set to open higher on Friday after fading into the close on Thursday and as investors eye non-farm payrolls figures as well as a batch of manufacturing PMI releases.

Spread betting firms are calling the lead index up by around 20 points after closing down 34.54 points at 7,439.13 on Thursday.

In New York on Thursday, stocks ended mixed, with the Nasdaq extending its winning run to five days but the S&P 500 and DJIA fell back.

Ipek Ozkardeskaya at Swissquote Bank notes the US economy is expected to have added around 170,000 new nonfarm jobs in August.

“Today, a softer than expected NFP figure, a slight deterioration in the unemployment rate, or softer-than-expected wages data could further cement the idea that the Fed will skip a pause at the September meeting, and maybe at the November as well,” she believes.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.