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  • Welcome to the FT Market Minute, here's what we're watching in London on Friday morning.

  • Well it's not often that US jobs data were pushed into the shadows,

  • but at the moment it's the oil market that's capturing everyone's attention.

  • Brent Crude at one point in Asian trade had get loss to the week for nearly 10%,

  • technique price had fall to a 5-month low, below 47 dollars a barrel in the process.

  • Prices are paded chunk of the day's losses, but the latest slide in the energy prices

  • which comes a bit worries about still ample supply are reverberating across asset classes.

  • Obviously, shares in energy companies are struggling which is where on benchmarking in this season.

  • Commodity currencies are been under the cosh, too.

  • That means weakness for the Norwegian Krone and Aussie dollar for example.

  • Still, Wall Street energy futures are well off session lows,

  • as investors remember what's been a genuinely well-received earning season, and it looked ahead to the jobs data.

  • Economies expect a 185,000 jobs created in April, and that really forged expectations that the Fed (Federal Reserve Board of Governors) will hike rate again next month.

  • The dollar is steady and the Euro is, too, end of this weekend's French election.

Welcome to the FT Market Minute, here's what we're watching in London on Friday morning.

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B1 UK FinancialTimes market energy slide dollar season

Oil slide rattles markets | Market Minute

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    Mii Wei posted on 2017/05/08
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