Morning Markets: FTSE lifted by employment boost

clock

The FTSE opened at 5,674.63, up 32.01 points (0.57%), on the back of positive employment figures from both the UK and US yesterday.

UK unemployment fell by 33,000, while the jobless rate declined to 7.8% posting the first quarterly decline in nearly two years. US jobless claims data showed a decline of 5,000 to 457,000, while February inflation remained unchanged following a 0.2% increase in the previous month. Bank shares held centre stage after an encouraging trading update from Lloyds, which forecast a return to profit later this year. In the UK, Barclays emerged atop the leaderboard trading at 36p, up 7.10 (2.01%) Elsewhere Lloyd's was trading at 60p, up 4.57 (8.23%) while RBS was at 43p up 1.99 (4.74%). ...

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

Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read
City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read
Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Rachel Reeves was speaking at the Labour Party conference

Linus Uhlig
clock 29 September 2025 • 3 min read