1630: Close The FTSE once again closed higher, its ninth consecutive session of gains, following a raft of upbeat results from a number of top tier companies. The gains were led by Reckitt Benkiser after it lifted its full-year revenue guidance slightly following a strong Q3 and a decent performance by recent acquisitions. In marco news, it was revealed that British business collapses fell for the fifth month in a row in September. Over in the US the much anticipated jobs report revealed just 148,000 jobs were created last month, missing expectations of 180,000. The FTSE 100 closed up 41.46 points at 6,695.66.
1536: 10-year US Treasury yields are moving down by 8 basis points to the 2.53 per cent mark. Barclays Research has pushed out the expected date for the start of Fed tapering to March 2014 from December 2013 previously.
1452: The single currency is at its highest level in a year in the aftermath of today's non-farm payrolls report Stateside, and now at 1.3740. Craig Erlam, Market Analyst at Alpari UK, explained that after breaking the important resistance level of 1,3711, EUR/USD may make a move towards 1.3950, "where it will find resistance from the descending trend line dating back to July 13th 2008." Fxmania's José María Rodríguez expects a larger rally towards 1.40-1.41, which he explained is the projection of the double-bottom formation that was confirmed in September. FTSE 100 up 54 to 6,708.
1330: US non-farm payrolls grew by 148,000 in September, when the consensus forecast was for an increase of 180,000. Private sector employment fell to 126,000 people from 161,000 in the previous estimate. The previous month's estimate was raised to 193,000, after a preliminary print of 169,000. Unemployment, meantime, fell by one tenth of a percentage point to 7.2 per cent (Consensus: 7.3 per cent). Average hourly earnings gained 0.1 per cent month-on-month, one tenth of a percentage point less than had been expected. Initial market commentary is to the effect that the above set of figures delays a start to Fed tapering. FTSE 100 up 35 to 6,689.
1323: Wall Street analysts have raised their forecasts for corporate profits, predicting an average increase of 2.5 per cent for S&P 500
companies in the third quarter, according to estimates compiled by Bloomberg. That compares with a 1.7 per cent projection at the beginning of the month. So far this earnings season companies' results have grown by 4.5 per cent and their sales by 1.9 per cent, with 51 per cent having beaten analysts' estimates for sales.
1228: Deutsche Lufthansa, the flagship German airline, has predicted operating profits this year of 600m-700m euros, well below analysts' expectations. FTSE 100 up 20 to 6,675.
1227: In a speech to the Society of Business Economists MPC member Charles Bean has indicated that under certain circumstances the Bank of England's unemployment threshold of seven per cent might be lowered.
0959: The UK's Office of the Gas and Electricity Markets (OFGEM) has announced that a new set of rules will ban energy suppliers from increasing prices on fixed term tariffs. As well, suppliers will be banned from automatically rolling householders on other fixed term offers following the end of their current contracts. FTSE 100 up 9 to 6,663.36.
0930: The UK's public sector net borrowing requirement - excluding interventions - fell to 11.bn pounds (Consensus: 11.3bn pounds) in September from a revised 12.5bn in August. That was down from an original estimate for August of 13.2bn pounds.
0921: US billionaire Warren Buffett's Berkshire Hathaway last week slashed its stake in the world's number three retailer, British grocer Tesco, by about one-fifth, or 300m pounds (484.75m dollars), according to a US stock market filing on Monday.
0830: London stocks are heading higher, led by gains in the shares
of BHP Billiton and Reckitt Benckiser. The former has boosted its quarterly production driven by record oil output and said it was on track to raise annual iron ore production for 2014. For its part, Reckitt Benckiser has raised its full-year revenue guidance slightly after a strong third quarter and a decent performance by recent acquisitions. Bank of England Deputy Governor Charlie Bean is due to speak on "Global Economic Challenges" in London at 9:10. Public sector finance data for September are published at 9:30 (Consensus PSNBx: 11.3bn pounds). IAG has been cut to hold from buy at Cantor. All of the above comes ahead of the US non-farm payrolls data due out at 13:30. For its part, the Financial Times is referencing rising fears of a German property price boom. US tech-outfit Texas Instruments fell by over 2 per cent after the close of trading following its latest results. FTSE 100 up 8 to 6,662.98.