The UK benchmark index has fallen into the red in today’s session, pressured by a rise in US Treasury yields, as well as a stronger sterling at home. The FTSE 100 has remained in negative territory following the US non-farm payrolls report this afternoon.
FTSE 100 stays in the red
As of 13:33 BST, the Footsie had given up 58.33 points to stand 0.79 percent lower at 7,360.01. The index has extended the previous session’s fall amid a rise in US Treasury yields. A rise in the pound is also pressuring the blue-chip index, weighing on blue-chips with international exposure. The Times reports that the gains were triggered by news that EU negotiators had told diplomats in Brussels that a divorce deal with the UK was ‘very close’.
The FTSE 100 has remained in the red following the release of the latest US non-farm payrolls report which showed that the world’s biggest economy had added 134,000 new jobs last month, with the number falling short of expectations. The nation’s unemployment rate, however, fell to 3.7 percent, which, CNBC reports, marks the lowest level since December 1969.
Individual blue-chip movers
In individual stock news, Royal Mail Group (LON:RMG) has again fallen deep into the red, as analysts at Citigroup turned bearish on the stock in the wake of the company’s profit warning this week. The postal operator’s shares are 5.02 percent down at 336.53p.
Unilever’s (LON:ULVR) move to abandon its structure simplification plans has failed to inspire investors, leaving the shares 0.86 percent in the red at 4,043.00p.
The FTSE 100 index was one percent down at 7,343.85 points as of 13:50 BST on Friday, 05 October 2018.