US markets set for flat open

With non-farm payroll figures due out at 1:30pm (London time), traders are keeping their powder dry before the US markets open.

Once again the first Friday of the month is being dominated by the markets anticipating the next set of non-farm payroll figures. These sentiment-shifting figures are always closely monitored, but due to their quick turnaround time can be prone to some aggressive revision. Earlier today UK manufacturing PMI figures took the market by surprise jumping up to 57 when they were expected to come in 51.6

On the equity front, we received confirmation that the Royal Bank of Scotland has appointed a new CEO from within the organisation. New Zealander Ross McEwan, who previously ran the retail arm, will take over from Stephen Hester in October.

After a number of awful quarters, Man Group has finally posted some good news as profits have jumped by 9.8% to $134 million. GLG Partners, Man Group’s American arm, accounts for $59 million of this improvement.

The FTSE 100 has once again knocked on the door of the 6700 level, but has not managed to stay above that level for very long. However it still looks well placed to finish a very positive week.  

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.