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What next week holds for markets
The FTSE 100 dropped off the back of event in Ukraine this week, and London based trader Michael Jarman from H2O markets thinks the UK’s benchmark stock index will continue to head lower.
He explains that as the industrial sector struggles with weaker than expected earnings and with the People’s Bank of China draining liquidity out of the economy, it looks like fund managers are "parking their money on the side" when it comes to the FTSE.
Looking ahead to next week, Michael says he expects markets to be "fairly subdued" and thinks that at the moment, investors should be positioned a bit more cautiously.
This trading week ended with better than expected jobs data out of the US; the latest US non farm Payrolls were up 175,000 - encouraging numbers given the very cold winter in much of the United States.
01:42 minutes
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