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 News
Every week Knowledge to Action introduces people to the principles of successful trading. Take advantage of one of our FREE Seminars
Discover how trading professionals make their profits and learn how you could too in a FREE 2½ hour seminar.
Knowledge to Action, founded by Greg Secker, is the home of the award-winning Traders University® programme and Europe's number one trader coaching company
In 2003, industry expert Greg Secker founded the internationally renowned trader coaching company Knowledge to Action. A strong believer in the motto, "If you are going to do something, do it well", Greg's goal has always been to run the #1 trader coaching company worldwide.
With our passion for trader education, Knowledge to Action has quickly become UK's number one Trader Coaching Company.