Share prices in upbeat mood
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.LONDON share prices are expected to continue their rally this week, but the market will be in nervous mood ahead of Friday's US employment figures, writes Robert Chote. These will be watched closely for clues to the timing of the next US interest rates rise.
World stock and bond markets ended last week in upbeat mood, after the US commerce department published unexpectedly subdued figures for growth in the US economy during the second quarter of the year. These helped to damp down fears about inflation.
The New York Stock Exchange called a halt to computerised share-buying for the second time in a week on Friday, as the index rose 51.16 points to close at 3,881.05.
The FT-SE 100 index rose by more than 30 points on Friday to give a 75-point rise over the week, closing at 3,265.1. The market has risen by almost 15 per cent during its two- month rally.
Technical analysts expect 3,270 to be a barrier. However, Richard Kersley of Barclays de Zoete Wedd predicted the market would remain upbeat.
Friday's US August employment figures are expected by Wall Street analysts to show that 260,000 non-farm jobs were created last month. Any figure much stronger than this is likely to renew fears of an early rates rise.
The threat of an early rise in British interest rates could be fuelled again by the latest purchasing managers' index from the Institute of Purchasing and Supply. This is expected to show continuing problems meeting demand.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments