U.K equities down after U.S. jobs report

Source: Bloomberg
© Scanpix/Reuters

U.K. stocks had first drop in five days after U.S. data showed that employers added fewer-than-expected jobs in the last month. The FTSE 100 lost 0.5% to 6,650.17 p.m. London time. The index still has a 1.5% weekly gain which started after a report suggested that the U.S. economy expanded more than forecast and the Fed announced it will maintain a loose policy.

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Fri, 02 Aug 2013 16:54:09 GMT

Forint gains after eight-day fall on disappointing U.S. data

Hungarian Forint advanced after weaker-than-expected U.S. payroll data boosted speculation the Federal Reserve may not hurry with reduction of bond purchases. The Hungary's currency added 0.6% to 298.97 per Euro at 4:10 p.m. in Budapest, the first increase in nine consecutive days. Forint lost 1.4% in July due to government's plan to phase out mortgages in foreign currencies.

Fri, 02 Aug 2013 14:35:06 GMT

Consumer spending in U.S. increased as expected

Consumer spending in the United States climbed in line with expectations in June as income level grew. Household spending, which accounts for more than two-thirds of the nations economy, increased 0.5% following a 0.2% gain a month before. According to a Bloomberg survey, economists expected a 0.5% advance. Personal income rose by 0.3%.

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