Next week will kick off with the release of UK, eurozone and US services and composite PMIs for September on Monday.
European stocks rallied on Friday despite rising eurozone inflation and French government bond volatility as the latest US non-farm payrolls report raised expectations the Federal Reserve will keep rates on hold at its meeting this month.
London stocks ended higher on Friday, recovering from heavy losses a day earlier, as the latest US non-farm payrolls report raised expectations the Federal Reserve will keep rates on hold at its meeting this month.
US stocks rose on Friday after a weaker-than-expected payrolls number tempered rate-hike expectations, with bond yields continuing to pull back after their recent highs.
London’s FTSE 100 was up 0. 4% at 10,473. 75 in afternoon trade on Friday.
The US economy added far fewer jobs than expected in September, according to figures released on Friday by the Bureau of Labor Statistics.
A director of Asia-focused investment company Symphony International Holdings continued to ramp up his investment in the company on Friday, purchasing a further $200,000 of shares.
Berenberg has raised its target price for Vodafone from 123p to 140p and reiterated a 'buy' rating, saying the stock remains "relatively cheap" compared with the wider European telco sector.
Analysts at Jefferies have hiked their target price for UK-listed TT Electronics from 110p to 175p, but kept a 'hold' recommendation on the electronic components and sensors manufacturer.
Berenberg has raised its target price for Vodafone from 123p to 140p and reiterated a 'buy' rating, saying the stock remains "relatively cheap" compared with the wider European telco sector.
Eurozone inflation accelerated sharply in September to its highest in three years, driven by another surge in energy prices, according to preliminary figures from Eurostat.
US stocks were set to rise on Friday morning, following a subdued finish to proceedings the previous session, as bond yields hold stead ahead of the all-important non-farm payrolls report.
London stocks had ticked higher by midday on Friday, recovering from heavy losses a day earlier, when equities and bond markets sold off amid inflation fears, as investors turned their attention to the latest US non-farm payrolls report.
Diesel prices fell back from recent highs on Friday, after European leaders discussed releasing reserves following pressure from Donald Trump.
European shares were higher on Friday despite rising eurozone inflation, French government bond volatility and reports of a US military buildup in the Gulf which kept oil above $101 a barrel ahead of American jobs data later in the day.
European shares opened higher on Friday despite a weaker session in Asia overnight, French government bond volatility and reports of a US military buildup in the Gulf which kept oil above $101 a barrel ahead of American jobs data later in the day.
Plus500 said on Friday that trading was in line with expectations as it sought to reassure investors after a warning from IG Group that a tough third quarter had hit annual revenues sent its shares tumbling.
Shares in Capita came under pressure on Friday after the outsourcer confirmed it was facing a further probe over its handling of the civil service pension scheme.
