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FTSE 100 futures did not appreciate that UK jobs report
In all fairness the FTSE 100 was already set to open lower this morning, but following that latest UK jobs report, released a few minutes ago, the FTSE futures have slipped a bit more. The index closed yesterday at 8,262.05, with a loss of 38 points on the day. The news that UK payrolls are already falling in November, coupled with higher wages is not great news for UK stocks. Of course the Index might brush off that data when live trading resumes, but then it might not. The FTSE is not alone in being priced for a lower opening this morning, because the DAX and the CAC are in the same boat right now too. The FTSE 100 is currently priced to effectively reopen around 8,220
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