FTSE 100 gains this week on U.S. jobs beat, home data keeps lid on rally
London equities were quiet on Saturday, with no regular trading as the London Stock Exchange was closed. The main story for UK stocks is trading through July 3. On Friday, the FTSE 100 closed at 10,679.03, up 26.15, and the FTSE 250 finished at 23,538.80, up 121.22. The headline number for the week looks good, with the FTSE 100 up 1.6%. But the bulk of that move showed up on Thursday, when the index jumped 1.7% as weaker U.S. payrolls data knocked back bets on a near-term Fed rate hike. Take out Thursday, and the FTSE 100 was basically flat to slightly down for the rest of the week—down about 0.1% by a rough compound measure.