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Unremitting negative sentiment in global stock markets increased on Thursday putting market values under immense pressure owing to continuing uncertainties, caused mainly by trade conflict between the USA & China.
The leading stock market indices around the world fell significantly but Wall Street prices recovered by the close of trading, and the Tokyo stock market was in positive territory this morning. At the time of writing on Friday, the FTSE 100 was up 1.62% on the Thursday close.
Investors fear that the arrest of the Chief Financial Officer of the Chinese smartphone manufacturer Huawei at Washington's request will continue to worsen the already strained relations between the USA and China.
The monthly US labour market report will be available today. A somewhat weaker than expected job growth in the US private sector of 179,000 in November (consensus +195,000) is anticipated. This is likely to offer an indication of the future direction of the Fed’s intentions with interest rates.
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