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London Markets: Oil’s comeback helps lift FTSE 100 ahead of U.S. jobs report [MarketWatch]

PEARSON (PSO)  More Company Research Source: MarketWatch
PDF Oil’s comeback helps lift FTSE 100 ahead of U.S. jobs report U.K. stocks turned slightly higher Friday, as oil prices came fighting back from heavy losses, with the monthly update on the U.S. labor market in focus. The FTSE 100 index UKX, +0.07% was up 0.1% at 7,258.00. They had opened with a loss, pulled down by a decline for oil shares as crude prices fell nearly 1%. Shares of airlines were on the rise after financial updates, and Pearson PLC shares surged after the publisher revealed its latest moves in its restructuring. The moves on the London benchmark came ahead of the widely watched U.S. jobs report for April, due at 8.30 a.m. Eastern Time, or 1.30 p.m. in London. That nonfarm payrolls data is closely watched as a gauge of the health of the world’s largest economy. “Today’s main focus is expected to be on the latest U.S. employment report, after the Federal Reserve unsurprisingly kept rates on hold at its meeting on Wednesday,” said Michael Hewson, chief market analyst at C [Read more]

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