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Tuesday April 10, 2012 - www.knowledgetoactionnews.com - Established 2004
FTSE 100 trading down this afternoon
Traders have seen the market fall by one per cent today from its closing position on Friday to 5,666 after the US Labor Department revealed 120,000 new jobs had been created in the North American country last month.
Following the publication of the latest US jobs data on Friday (April 6th), the FTSE 100 has taken a downturn on weaker investor sentiment.However, this was less than positive news for markets, as investors had been expecting a rise in excess of 200,000.
"Even though the non-farm payroll number was almost half what had been expected the unemployment rate actually fell ... which probably prevented an even larger sell off in the US session yesterday," chief executive of Capital Spreads Simon Denham, told Proactive Investors.
Last month, the FTSE 100 was trading up ahead of the latest meeting of eurozone ministers to discuss a proposed increase in the fiscal bailout package for the region.
Proactive Investors reported the index stood at 5,780 on March 30th.
Posted by Chris Weaver
- Knowledge to Action News10-04-2012
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