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FTSE 100 set to fall

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Posted 08 December 2006 @ 03:30 am GMT

The FTSE 100 is seen opening down 13 to 17 points on Friday, according to financial bookmakers, having closed up 41.2 points, or 0.68 percent to 6,131.5 in the last session.

The FTSE 100 is seen opening down 13 to 17 points on Friday, according to financial bookmakers, having closed up 41.2 points, or 0.68 percent to 6,131.5 in the last session. REUTERS
The FTSE 100 is seen opening down 13 to 17 points on Friday, according to financial bookmakers, having closed up 41.2 points, or 0.68 percent to 6,131.5 in the last session. REUTERS
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friday ftse index

With little on the corporate calendar, investors' focus is likely to fall on key jobs data from the United States, with the Labor Department due to release the November non farm payrolls report at 1:30 p.m.

U.S. stocks fell in the previous session as investors locked in profits ahead of the jobs data that could show further weakening in the economy and hurt corporate earnings.

Economists in a Reuters survey forecast 110,000 new jobs were created in the month compared with 92,000 in the October report.

"The focus will be on the non farm payroll figures and we are expecting a fall in European markets on the back of the lower finish on Wall Street," a trader said. "It's going to be generally quiet," she added.

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