AJ Bell stock tops midcaps
Energy stocks lead drop in bluechip index
Rio Tinto slips on analyst downgrade
U.S. jobs data awaited
FTSE 100 down 0.3, FTSE 250 up 0.3

Dec 2 Reuters London39;s FTSE 100 slipped on Friday ahead of key U.S. jobs data, while investment platform AJ Bell helped limit losses in the midcap index after its upbeat annual earnings prompted an analyst upgrade.

Energy stocks led losses in the bluechip FTSE 100 index after shedding 0.3. Still, the benchmark index was set for a third straight weekly gain.

Investor focus has turned to the U.S. employment data, due later in the day, as it is likely to show job growth in November at its smallest in nearly two years after mounting worries of a recession cooled demand for labour.

Things could start tumbling down if we do see a strong U.S. jobs report today, said Craig Erlam, senior market analyst, Oanda.

If we see really strong jobs and wage growth, then that will cast significant doubt over whether we should be so heavily pricing in 50 basis points hike, regardless of what Fed Chair Jerome Powell said a few days ago.

The FTSE 100 has gained nearly 12 since its October lows as new leadership tries to restore confidence in the British economy after a scuffed mini budget had frazzled markets.

London39;s midcap FTSE 250 dipped 0.3 by 0942 GMT.

Bucking the sombre mood, shares of AJ Bell jumped 11.9 to top the index after Jefferies raised its rating for the investment platform to buy from hold….