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FTSE falls back from all-time-high as hopes fade on US rate hikes
Evening Standard
|February 06, 2023
RECORD territory for London's FTSE 100 index failed to last today as concerns mounted over the outlook for interest rates and US-China relations.
The blue-chip benchmark closed above 7900 for the first time on Friday, but any hopes of a further push towards 8000 were derailed by a fall of 0.8% or 64.76 points to 7837.04.
The pressure came after robust jobs market figures in the United States dented earlier market optimism over an end to Federal Reserve rate hikes.
The US economy created 517,000 net new jobs in January, versus a consensus forecast of just 188,000, while the jobless rate fell to the lowest level in 53 years at 3.4%.
Denne historien er fra February 06, 2023-utgaven av Evening Standard.
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