FTSE 100 Little Changed Ahead Of PMI Data

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FTSE 100 Little Changed Ahead Of PMI Data

(RTTNews) - U.K. stocks struggled for direction on Monday, as investors awaited business activity data for the November month for directional cues.

The benchmark FTSE 100 was marginally higher at 7,559 after finishing little changed on Friday.

Mining giant Glencore jumped 2.2 percent after entering into a $180 million corruption settlement with DRC.

Vodafone rose half a percent. The telecoms group said that Nick Read is stepping down as chief executive of the group after four years in the top job.

TR Property Investment Trust gained about 1 percent despite the company reporting a loss from operations before tax of 517.6 million pounds for the first half of the year.

National Grid was marginally lower after completing a £4.2bn deal to sell a 60 percent equity interest in its U.K. gas transmission and metering business (NGG) to a consortium.

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The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
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Eurozone Inflation Steady At 2% ECB Target

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Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
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U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

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Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.
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