FTSE 100 Struggles Higher Ahead of US Non Farms as European Concerns Linger
In mid-morning trade, blue-chips in London are modestly higher.
We have seen some slight progress for the FTSE 100 this morning, but overall investor interest is on hold until the US Non Farm Payrolls are announced at lunch time.
Some expectations are running high after Thursday’s strong ADP employment numbers, with the most-bullish speculating that today’s payrolls could show that as many as 200,000 jobs were added to the US economy in December.
However, this pocket of enthusiasm has to be tempered with the familiar worries about Europe moving back to the fore in recent days.
Some spread betting account holders are taking the view that the payrolls result is only going to provide a slight diversion of attention before caution returns.
Looking ahead to the US open, overnight markets are currently indicating that the Dow Jones will start around 15 points lower, but this will all change when the jobs data is released an hour ahead of the official Wall Street start.
Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
Financial Market Comments from Yusuf Heusen, Sales Trader, IG Index.
The above comments do not constitute investment advice and Clean Financial accepts no responsibility for any use that may be made of them.
Content provided by IG Index which is Authorised and regulated by the Financial Services Authority. FSA Register number 114059.
0 comments
There are currently no comments. Please start by filling out the form below.
You must log in to post a comment.