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FTSE 100 gives up gains after strong US jobs report

The FTSE 100 fell 0.2%, impacted by strong US jobs data dimming hopes for deeper Federal Reserve rate cuts.

The pound recovers slightly to $1.3172 after a decline, but is set for its worst weekly drop in over a year.

JD Wetherspoon reported a 33% drop in pretax profit but a 74% rise in adjusted profit, with optimistic sales outlook ahead.

FTSE 100 closed down 0.1% amid rising oil prices and geopolitical tensions, with Tesco and Marston's seeing notable gains.

Governor Bailey's comments triggered a 1% drop in the pound, suggesting faster rate cuts if inflation keeps falling.

The SEC has filed an appeal over the Ripple Labs ruling, challenging limits on its crypto regulatory authority.

Few crypto exchanges are FCA-regulated in the UK, raising risk for investors due to lack of consumer protections.

PayPal has launched a feature for US merchants to buy, hold, and sell cryptocurrency, expanding its crypto services.

Gold holds steady, trading near its all-time high, as markets await Jerome Powell’s speech and key U.S. economic data.

FTSE 100 closed down 0.2% as BP and Shell fell; Rentokil surged on board changes while Flutter announced a buyback.

The FTSE 100 fell 0.2%, impacted by strong US jobs data dimming hopes for deeper Federal Reserve rate cuts.

Mark Rogers October 4, 2024