Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Nick Fletcher

Higher than expected US weekly jobless claims take shine off the FTSE

As often happens, Wall Street's opening moves have proved a strong influence on the London market, in this case a negative one.

After yesterday's better than expected US private sector employment data came official figures showing a different picture of prospects. Weekly claims for unemployment benefit rose by 18,000 to 409,000, higher than analyst expectations of around 400,000. On the other hand the four week average declined to a two and a half year low.

The figures come ahead of tomorrow's widely watched non-farm payroll numbers, which are expected to show a rise of more than 140,000 in December.

The mixed picture has left Wall Street around 10 points lower and taken the shine off the FTSE 100 - the leading index is now up just 5.29 points at 6049.15 after earlier touching 6090.49.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.