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LIVE: FTSE and Wall street in the green after jobs data beats estimates

How major markets are performing on Friday

FTSE U.S. President Joe Biden speaks about the economy and the January jobs report, during brief remarks in the Eisenhower Executive Office Building's South Court Auditorium at the White House in Washington, U.S., February 3, 2023. REUTERS/Kevin Lamarque
The FTSE was up which the three major US indices pulled into the red, as investors parsed key jobs data from the US. Photo: Kevin Lamarque/Reuters (Kevin Lamarque / reuters)

Global markets were in the green on Friday as investors parsed key jobs data from the US.

The FTSE 100 (^FTSE) was up 0.3%, Germany's DAX (^GDAXI) rose 0.6% and the CAC in Paris (^FCHI) headed 0.5% higher by the close of the week.

The US non-farm payrolls reading for September was expected to show around 170,000 new jobs added to the economy — a slight drop from the month before. The actual amount was almost double that, at 336,000.

After a shaky start, the S&P 500 (^GSPC) regained ground to trade up 0.1%, the Dow was also up (^DJI) 0.1% and the Nasdaq (^IXIC) rose 0.3%.

The unemployment rate in the US remained at 3.8% in September.

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Meanwhile, monthly wage growth remained moderate last month, with average hourly earnings rising 4.2% in the 12 months to September.

Elsewhere, house prices in the UK looked to be on shaky footing, as new data from the Halifax house price index clocked a sixth month of declines.

UK house prices fell further in September, edging down by -0.4% on a monthly basis with the average home now costing £278,601. This is a drop of around £1,200 since last month.

Read more: UK house prices fall in September as interest rates expected to remain higher for longer

On an annual basis, property prices declined 4.7%, compared to 4.5% in August.

Homes were still more than £39,000 above pre-pandemic levels.

Stay with us for live updates:

Watch: House prices unchanged in September, says Nationwide, after interest rate pause and summer slowdown

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