FTSE100: 6,742.84 + 63.47 (0.95%)
Fri close: US data helps lift banks
British banks were big gainers from positive job news in the US where employers added the largest number of workers in nearly three years
Barclays rose 6.8p to 249.45p, Royal Bank of Scotland gained 10.7p to 403.5p, HSBC was 15.1p up at 643.1p and Lloyds Banking Group advanced 1.3p to 80.89p as traders said Federal Reserve interest rate activity would boost banks’ fixed income operations.
US non-farm payrolls were stronger than expected in November, rising by 321,000 against expectations of 230,000. Private payrolls increased by 314,000 and government payrolls lifted 7,000.
But oil stocks wobbled as the price of a barrel of Brent crude dipped to $69.6. a barrel.
Tullow Oil fell 12.9p to 396p, while Petrofac spilled another 13.5p to 778p after being the index’s biggest faller earlier in the day. BG Group was down by 5.7p to 907.5p.