MB Capital trading director Marcus Bullus was “cautiously optimistic” on the FTSE, preferring to be “long” by betting on gains rather than going “short” and betting on a fall.
However, Bullus added he would look to U.S. employment figures due later on Friday for directions on how to trade the FTSE.
U.S. employers likely hired new workers at a fairly brisk clip last month, underscoring the resilience of the country’s economy in the face of slowing global demand.
Employers probably added 231,000 new jobs to their payrolls after boosting them by 248,000 in September, according to a Reuters survey of economists. The unemployment rate is forecast holding steady at a six-year low of 5.9 percent.