Traders hang fire ahead of US job market data

clock

Trading volumes fell overnight in the US ahead of key job market data set to be released later today.

The non-farm payroll figures will give an indication of the health of the economy, and markets remained fairly flat prior to their release. The Dow Jones closed at 10,320 last night, a rise of 0.49% or 50.63 points, while the S&P 500 was 0.91%, or 9.81 points, higher at 1,090.10. M&A activity continued, with the BBC reporting Chinese investors were considering making a rival bid against mining giant BHP Billiton for fertiliser firm Potash. Its shares on the New York Stock Exchange closed up 2.6 points, or 1.78%, to 148.55p yesterday. The FTSE 100 was 0.24% higher this morning, up t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

More than half of IFAs feel negative about a potential Labour govt

More than half of IFAs feel negative about a potential Labour govt

Advisers favour Conservatives when it comes to their clients and business

Isabel Baxter
clock 09 May 2024 • 2 min read
Elections and advice: Planning in political and legislative uncertainty

Elections and advice: Planning in political and legislative uncertainty

‘It should not be based on speculation, always plan on current legislation’

Isabel Baxter
clock 08 May 2024 • 3 min read
'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read