FTSE 100 down 0.4, FTSE 250 up 0.1
Sept 6 Reuters UK39;s main stock index was lower on Friday, dragged down by energy and mining shares, as investors awaited a U.S. jobs report that could determine the extent of expected interest rate cuts by the Federal Reserve.
The bluechip index FTSE 100 fell 0.4 as of 0710 GMT, on track for its sixth straight daily decline and down 1.8 for the week, its steepest weekly loss since mid January.
However, it has fared better than its benchmark European and U.S. peers on a weekly basis, with the STOXX 600 and the SP 500 down around 3 each.
The domestically focused midcap FTSE 250 was up 0.1, but set for its biggest weekly fall since late July.
Industrial metal miners and energy were among the worst hit sectors, while precious metal miners led gains tracking higher gold prices.
For the week, industrial metal miners and chemical stocks were the biggest laggards, while the real estate sector was the top performer.
UK shares kicked off September on a dour note, after recent weak economic data brought back concerns of a likely U.S. economic slowdown, which had sparked a sharp selloff in risky assets globally in early August.
The U.S. nonfarm payrolls report, later in the day, will set expectations around the quantum and pace of U.S. rate cuts ahead of this month39;s Fed policy decision.
While the debate is on whether the U.S. central bank will deliver a 25 or 50basis point cut to rekindle growth, LSEG data shows the European Central…