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FTSE 100 extends opening gains following UK employment rise
The European stock markets have not long reopened and it has been a positive start to the day and one led by gains in the DAX and the FTSE 100. The FTSE is being supported by the earlier UK July jobs report. That was generally better than forecasts in a couple of areas in the 3 months to June, but no so hot in terms of the July data. The 3 month unemployment rate to June fell to 4.2%, from 4.5% and that seems the driver behind the gains in the FTSE and the Pound this morning- more on the Pound in a minute. The FTSE 100 closed last night at 8,168. It has lifted this morning to around 8,240 a short while ago.
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