Spreadex Market Update
FTSE steadies
U.S futures are posting more encouraging gains in the run-up to the open, with the Wall Street trading some 67 points higher from yesterdays close. With over 2.5 billion dollars being wiped from the value of global equities, investors remain aware of any future potential sell-offs.
Fewer Britons claimed unemployment benefit in May than at any time in the last two years although wages clawed back only a bit of ground lost to inflation. In the latest sign the British economy is shrugging off two years of stagnation, the number of people claiming jobless benefit dropped by 8,600 last month, its seventh consecutive fall.
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