The FTSE 100 marks another positive start to the process, but will US employment numbers foam?


The FTSE 100 started the procedure in a positive way by entering the territory last seen in February.

Although the gains have not been comparable to those seen in recent days, it seems that UK price-setters continue to be supported by global and national efforts to ease lock-in restrictions.

Perhaps the foam will disappear from the market when American traders wake up to react to weekly employment data.

The devil, of course, will be in the details with investment experts such as James Mee, who heads the Waverton Multi-Asset Income Fund, looking at the number of temporarily unemployed Americans compared to those who are long-term unemployed. duration.

As the millions in the latter category grow, so do the levels of worry, Mee says.

In the market, Rolls Royce (), which announced a series of cost-cutting measures to properly size the business after the coronavirus pandemic, was the main feller of Footsie, plummeting 6.5%.

An interesting contrast and suggesting some sort of long / short strategy at play in the aeronautical industry was the 4.2% increase in owner Melrose Industries (LON: MLRO).

Shares of the investment group M&G (), which was praised on Wednesday for paying a dividend in the face of fairly horrific market turmoil and when others canceled the payment, were also in high demand. The stock rose 5%.

Hyve Group () surpassed the FTSE 250 with a round gain of 500%. Unfortunately for investors, it was purely technical following the consolidation of its shares.

Cineworld () was the main winner of the mid-cap index, up 20% as lock restrictions were eased in the UK.

6:47 a.m .: FTSE 100 is ready for another good start

The FTSE 100 is expected to start strong on Thursday, is expected to increase by more than 1%, as Europe has advanced coronavirus rescue deals and America has detailed its reopening for more vital companies.

Meanwhile, tensions between the United States and China continue to escalate.

CFD and spreadbetting firm IG Markets predicts a gain of 78 points for the FTSE 100 as it makes a price of 6,213 to 6,215 for the benchmark with just over an hour before opening.

Attention is drawn to the economic stimulus measures planned in Europe, but it is not without criticism.

“In Europe, optimism also abounded, helped by a proposal from the European Commission which included a 500 billion euro increase in debt on the bond markets, which would be paid in the form of subsidies to the most affected European countries by the virus pandemic, with other measures set to include a series of new taxes and levies on tech companies and on single-use plastics over the next few years, “said Michael Hewson.

“While the markets reacted as if it was an important moment for Europe, the sums involved are tiny in the overall scheme of things, given the magnitude of the economic shock, especially since none money will not be available immediately.

“There is also the prospect that the amounts announced will likely be watered down, and even if delivered, they will likely be so small that they will be completely insignificant.”

Above the pond, stocks experienced greater volatility, with Hong Kong at the center of the latest tensions with China, with the United States seeking to suppress the economic favor of the city-state so that it could be treated in the same way as China.

Meanwhile, the Chinese would separately prepare to retreat with their own measure directed toward American trade.

Nevertheless, the Dow Jones marked a solid end of session on Wednesday at 25,548, up 553 points or 2.21%.

The S&P 500 added 1.48% to close at 3,036 and the Nasdaq climbed 0.77% to 9,412.

In Asia, the Hong Kong Hang Seng lost 284 points or 1.22% to 23,016 and the Shanghai Composite fell 0.19% to 2,831.

At the same time, the Japanese Nikkei gained 395 points or 1.85% to trade at 21,814.

Around the markets

Pound: US $ 1.2262, up 0.01%

Gold price: US $ 1,718 per ounce, up 0.5%

Crude Brent: US $ 34.07 per barrel, down 5.8%

Crude WTI: US $ 31.77 per barrel, down 7.5%

Bitcoin: US $ 9,156, up 3.29%

Important events expected on Thursday:

Trading update: ()

Finals: (), PayPoint PLC (), ()

Acting: Daily Mail & General Trust PLC ()

Economic data: weekly unemployment claims in the United States, US GDP



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