FTSE 100 rises in early trading after two days of falls

The Friday feeling has engulfed the UK’s blue-chips with the FTSE 100 having moved one per cent higher in early morning trading.

The benchmark index, which fell back over the past two days, was up 40 points at 6,719.2 just after 10am with safety services firm Intertek group leading the way after enjoying a four per cent rise on the back of analysts at Deutsche upgrading their recommendation on the stock to a ‘buy’.

For its part cruise operator Carnival rose three per cent while Vodafone edged ahead by two per cent as Goldman Sachs changed its view on the shares and is now calling the communications giant a ‘buy’.

Looking ahead, IG analyst, Alastair McCaig highlights that first Friday of the month again sees the focus on US non-farm payroll figures. He says: “Despite Wednesday’s disappointing unemployment claims, the consensus is still for an improvement from last month’s results.

“The Dow is now sitting less than 100 points away from the 18,000 level and as long as today’s economic data is even just remotely positive we should see an attack on this being triggered. Ahead of the open we expect the Dow Jones to start 28 points higher at 17,928.”