FTSE ends week in the red after bruising week wipes value off top stocks
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy London’s FTSE 100 has continued its path of decline while other European stock markets recovered after a volatile week marred by concerns over the US economic outlook. European markets have managed to stabilise a touch after the volatility of recent days, after US non-farm payrolls came in slightly below expectations on the headline number Michael Hewson, chief market analyst at CMC Markets UK Elsewhere, Germany’s Dax grew by 0.48% and France’s Cac 40 closed 0.42% higher after partially recovering Thursday’s losses. Michael Hewson, chief market analyst for CMC Markets UK, said: “European markets have managed to stabilise a touch after the volatility of recent days, after US non-farm payrolls came in slightly below expectations on the headline number. “The average nature of today’s jobs report has helped take some of the heat out of the rise in bond yields, pulling them off their peaks, and focused attention on next week’s US CPI report which is expected to show that inflation has slowed further.” In company news, shares in Coca-Cola Hellenic Bottling Company jumped after the FTSE 100-listed company upgraded its annual profit guidance.