FTSE 100 edges lower in volume-light trading
European markets have drifted sideways in quiet trading, while investors are already looking towards Friday’s payroll report, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Quiet start to the week
In London the FTSE 100 hovers near the lows of the day, as European markets drift as per usual on a US holiday. August ended with stock markets shrugging off their early-month weakness, a remarkable recovery from the panic-like conditions that briefly prevailed four weeks ago.
All eyes are on the payrolls report this week, but there is a limited likelihood that markets are in for another dire number. Instead, a higher revision to last month’s figure could see the prospect of a US recession being pushed back once again.
Author
Chris Beauchamp has been with IG for four years, and in that time has become a regular commentator and analyst for the financial press and TV, with appearances on all the major financial channels as well as the BBC and Sky News.
