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Markets pause for breath

by LLB Editor
2nd Sep 21 12:29 pm

Markets appear to have stopped in their tracks, with very little movement across Europe and Asia. Investors may well be waiting for the latest US jobs data before deciding on their next trades, says Russ Mould, investment director at AJ Bell.

“Strong job numbers could strengthen the argument for the Federal Reserve to start tapering its bond buying.

“Employment levels are a key determinant for the central bank to consider easing its support measures and that was emphasised by chair Jerome Powell at last week’s Jackson Hole summit.

“US unemployment claims will be published later today, and tomorrow will see the latest unemployment rate and non-farm employment change.

“On the UK market, the FTSE 100 was flat at 7,152. Miner BHP was the biggest faller, down 5.6%, as it traded without the right to its next dividend.”

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