Non-farm payrolls to boost FTSE investments

Thu, 03 Dec 2009

FTSE 100 investments have recovered any losses suffered now that concerns about Dubai debt have receded, thanks to positive results in the US.

City Index reports that investors will be interested in the country's non-farm payroll data coming out tomorrow (December 4th) as US confidence could push European funds higher.

"It has been a fairly choppy trading session with investors starting to look towards the all important US jobs data on Friday," said Joshua Raymond, market strategist at the trading platform.

He added that the weak US dollar is pushing up demand for gold, meaning that mining firm investments could be a good idea, with Lonmin and Kazakhmys leading profit-making companies in London.

F&C Investments recently said that those making investments into emerging markets could be in for a shock in 2010 if dislocation between the US dollar and Chinese yuan occurs.
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