© Reuters. A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble as investors fear that the coronavirus outbreak could stall the global economy, in London, Britain, Marc
By Shashwat Chauhan and Sruthi Shankar
(Reuters) -The UK’s was little changed on Thursday with investors on the sidelines ahead of U.S. payrolls data which could drive Federal Reserve rate cut expectations, while shares of Games Workshop and media firm Future pulled down the midcap index.
The blue-chip FTSE 100 was also steady on the week as traders assessed economic data from across the globe and looked ahead to Friday’s monthly U.S. jobs report.
“Barring a shock payroll reading tomorrow, Wall Street seems to be in a holding pattern until the Fed decision next week,” said Chris Beauchamp, chief market analyst at online trading platform IG.
“It will be a tall order to avoid a post-Fed/BoE/ECB hangover descending on markets just as investors turn their thoughts towards Christmas.”
The FTSE 100 eased 0.02%, with oil stocks among the worst performers as prices held under $75 per barrel. [O/R]
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