FTSE 100 closes ahead as US jobs miss boosts shares
The UK index of top shares closed up over 53 points at 7,129. The midcap FTSE 250 was also higher, adding almost 284 points at 22,775
FTSE 100 closes up at 7,129
Flight prices to Portugal jump 10-fold
US adds 266,000 jobs instead of 1mln
5.10pm: FTSE closes ahead
FTSE 100 closed Friday ahead as Wall Street headed north too as the big miss on the US monthly jobs number convinced traders the US central bank wouldn t change direction any time soon.
The UK index of top shares closed up over 53 points at 7,129. The midcap FTSE 250 was also higher, adding almost 284 points at 22,775.
FTSE 100 closes ahead as US jobs miss boosts shares
The UK index of top shares closed up over 53 points at 7,129. The midcap FTSE 250 was also higher, adding almost 284 points at 22,775
FTSE 100 closes up at 7,129
Flight prices to Portugal jump 10-fold
US adds 266,000 jobs instead of 1mln
5.10pm: FTSE closes ahead
FTSE 100 closed Friday ahead as Wall Street headed north too as the big miss on the US monthly jobs number convinced traders the US central bank wouldn t change direction any time soon.
The UK index of top shares closed up over 53 points at 7,129. The midcap FTSE 250 was also higher, adding almost 284 points at 22,775.
May 6, 2021 - Written by John Cameron
GBP/JPY Exchange Rate Rangebound as Japanese Economic Optimism Returns
The Pound Japanese Yen (GBP/JPY) held steady today after the Bank of Japan (BoJ) revealed that it was optimistic about Japan’s vaccine rollout. The pairing is currently trading around ¥151.92.
The Japanese Yen failed to gain against the Pound today despite yesterday’s modest but notably more bullish BoJ monetary policy minutes report.
The BoJ minutes said:
‘Some members said while the beginning of vaccine rollouts was a positive sign, developments regarding the pandemic continue to warrant attention.’
However, the Bank also warned:
4/2/2021 4:36:53 PM GMT
USD/JPY gains 1% on the week, 3.9% on the month, 7.2% on the year.
Excellent US March payrolls help to stabilize USD/JPY near highs.
Limited Good Friday liquidity inhibits currency market payroll response.
Treasury rates mark time,10-year yield moves back above 1.7%.
FXStreet Forecast Poll is neutral short-term, bearish medium and long-term.
The US yield engine continued to power the USD/JPY as the differential between Treasuries and Japanese Government Bonds almost guarantees flows into the American currency
An excellent March US payroll report helped keep the USD/JPY stable at its 12-month high on Friday after a week of gains.