FTSE 100 LIVE: London stocks expected to drop today despite hopes of economic recovery

Japan’s Topix index rose 0.5 percent this morning, while Hong Kong’s Hang Seng added 0.6 percent. China’s CSI 300 index of Shanghai- and Shenzhen-listed stocks increased 0.9 per cent. However, Australia’s stock market was closed for a public holiday.

The FT reported that global stocks were given a boost as Chinese figures showed exports got smaller by just 3.3 percent in May in dollar terms.

And imports fell by more than expected over weak local demand.

Futures markets tipped Wall Street’s S&P 500 to rise 0.1 percent when trading begins later in the day.

London’s FTSE 100 was expected to drop 0.4 per cent. 

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6.08am update: Global stocks see rise after US employment boost

Equity markets rose after data on Friday showed that US unemployment fell in May.

And non-farm payrolls also rose by 2.5m during the month.

Economists were expecting the US to see a fall in a further 7.5m jobs due to the coronavirus pandemic.

This would have taken unemployment to nearly 20 per cent.

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