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DJ FTSE 100 to Trade Flat Ahead of US Jobs Data -- Market Talk

· 02/05/2021 02:45

0745 GMT - The FTSE 100 is expected to start the session trading flat as investors continue to weigh Thursday's Bank of England policy announcement and look ahead to U.S. jobs data later. IG estimates the index will open 2 points lower. Sterling extends Thursday's gains after the BOE left its key interest rate unchanged at 0.1% and poured cold water on the prospect of negative rates in the near-term. The U.S. nonfarm payrolls report, due at 1330 GMT Friday, is expected to show a return to jobs growth in January. "A strong figure seems unlikely to discourage risk lovers, but too strong data could weigh on investor sentiment and lead to some profit taking in risk positions," Swissquote Bank analyst Ipek Ozkardeskaya says. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 02:45 ET (07:45 GMT)

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