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FTSE 100 Live: Stocks called lower, Endeavour sacks CEO

Published 05/01/2024, 06:58
Updated 05/01/2024, 07:10
© Reuters FTSE 100 Live: Stocks called lower, Endeavour sacks CEO
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Proactive Investors - Stocks called lower, Endeavour Mining fires CEO.

The FTSE 100 is expected to open lower on Friday with investors awaiting the US jobs report for further clues as to the path of interest rates.

Spread betting companies are calling London’s lead index down around 42 points after closing up 40.74 points, 0.5%, at 7,723.07 on Thursday.

In the US on Thursday, Wall Street ended mostly lower, with the Dow Jones Industrial Average marginally higher, the S&P 500 down 0.3% and the Nasdaq Composite down 0.6%.

"After such a surprisingly resilient end to 2023 it is perhaps not surprising that we've got off to a more subdued start to the New Year given that a lot of the reason for the December rally was down to heightened expectations of multiple rate cuts from central banks over the next few months," said CMC Markets UK chief market analyst Michael Hewson.

In London, ahead of the non-farm payrolls print, Halifax house price data will be released with no major corporate news on the calendar.

Stocks to watch include Endeavour Mining which said after the market close on Thursday that it had fired its CEO Sebastien de Montessus, for "serious misconduct" with immediate effect.

Read more on Proactive Investors UK

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