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FTSE 100 Gains as Non-Farm Payrolls Signal US Interest Rate Cut
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FTSE 100 gains as Non-Farm Payrolls signal US interest rate cut
The FTSE 100 gained on Friday as investors digested the August Non-Farm Payroll report, which signalled a potential US interest rate cut at the Federal Reserve’s next meeting. London’s leading index was 0.3% higher at the time of writing, while S&P 500 futures were pointing to further gains for US stocks. Following a record high […] The post FTSE 100 gains as Non-Farm Payrolls signal US interest rate cut appeared first on UK Investor Magazine.
Bocian: Friday's jobs figures will determine whether interest rates will be cut. In recent weeks, the markets have had their eyes firmly fixed on Friday, September 5th - and to be even more precise, Friday, September 5th.
In the market, interest rate curves price in more than a 90% chance of a 0.25 percentage point reduction in US rates this month.
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