The market spotlight over the coming week will remain on the US, where readings for consumer and producer prices are both due out.
The US economy created far more jobs than expected last month pushing the unemployment rate a tad lower.
European shares were mostly in the red on Friday as investors digested a far stronger-than-expected US payrolls report.
For investors who had grown accustomed to market conditions where 'bad news' on the economy was 'good news' for stocks, Friday's much stronger-than-expected reading on the US jobs proved a disappointment.
The FTSE ended the week 16. 31 points higher at 7,439. 74.
London’s FTSE 100 was up 0. 1% at 7,456. 92 in afternoon trade on Friday.
The FTSE 250 was down 0. 42% at 20,071. 24 at 1526 BST.
Wall Street stocks headed south early on Friday as market participants digested a key jobs report.
Amazon said on Friday that it has agreed to buy iRobot in a $1. 7bn cash deal.
JLEN Environmental Assets disclosed a director purchase worth over £76k on Friday, made by its non-executive chair.
A so-called 'pivot' by the US central bank was likely, argued strategists at Citi, but company earnings growth remained a risk, prompting them to stay "cautious" on risk, long on duration and the US dollar.
Equity strategists at BofA Securities recommended clients "short" the S&P 500 on moves above 4,342. 0, where the index's 200-day moving average was to be found and to fade it above 4,200 points.
European shares had slipped into the red by late morning on Friday as investors eyed US payrolls data later in the day.
London stocks were still little changed by midday on Friday as investors erred on the side of caution ahead of the latest US non-farm payrolls report.
Stock markets closed higher in Asia on Friday, as investors brushed off ongoing military drills being carried out by China in an apparent response to US House Speaker Nancy Pelosi’s visit to Taiwan earlier in the week.
The crypto market has remained flat over the past few days, as Bitcoin ranges between $22,700 and $23,400. There is some renewed optimism however surrounding regulation. On Wednesday, a bipartisan group of senators put forward a new bill that classifies Bitcoin and Ethereum as commodities. If this passes it would mean that these are the only cryptos that are not able to be classified as securities, which would remove a significant concern for side-lined institutions.
Barclays downgraded Hikma Pharmaceuticals on Friday to 'equalweight' from 'overweight' and cut the price target to 1,750. 0p from 2,250. 0p as it said a lack of visibility in the generics division was a real concern.
Wall Street futures were pointing to a broadly flat open ahead of the bell on Friday as market participants patiently awaited a key jobs report.
Jefferies downgraded Go-Ahead on Friday to ‘hold’ from ‘buy’ as it lifted its price target to 1,550p from 1,320p to reflect the increased takeover offer from Kinetic and Globalvia.
Outsourcing and professional services firm Capita said on Friday that interim pre-tax profits had slumped due to business exits and portfolio goodwill impairment.
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