There were few fireworks for the FTSE 100 on Friday but the index did make steady progress amid strength in the banking sector and BT shares after the telecoms giant reinstated the dividend yesterday.
“Following the central bank led excitement of the last few days, attention will turn to US jobs figures later on. The key question being weighed by the market will be whether these numbers reinforce the US Federal Reserve’s decision to take a slow and steady approach to withdrawing support from a still fragile American economy,” ,” said AJ Bell investment director Russ Mould.
“Overnight rideshare and food delivery outfit Uber reported its first quarter of profit – though only on the basis of the sometimes mistrusted and adjusted earnings before other stuff like interest, tax and executive share awards measure.
“And the outlook for the final quarter of the year came in short of what analysts had pencilled in, depressing sentiment towards the stock.”
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