Treading cautiously ahead of this afternoon’s all-important US jobs report
Trading Floor News May 3, 2013 6:00 PM
<p>- A mixed start this morning as markets, are treading cautiously ahead of this afternoon’s all-important US jobs report. – London’s FTSE 100 has slipped […]</p>
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- A mixed start this morning as markets, are treading cautiously ahead of this afternoon’s all-important US jobs report.
- London’s FTSE 100 has slipped 5 points in opening trade, dragged by RBS, which this morning revealed it would be ready to re-privatise within the year. The company swung to a profit for the first three months of the year, but failed to impress investors.
- However, a well performance was seen by the mining sectors, led by Eurasian Natural Resources, jumping up more than 2%. Leading the upside were the miners with ENRC, Antofagasta, Rio Tinto, BHP Billiton and EVRAZ making decent gains as metals prices improved.
- European shares held near five-year highs early on Friday as central bank stimulus continued to support equities over other asset classes.
- Looking at economic data Eurozone Producer Price Index was released at 10am this morning. Meanwhile, traders are awaiting employment data from the US, due to be released 1:30pm this afternoon and widely anticipated to show a drag on the economy.
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