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FTSE 100 LIVE: London shares set to edge into the green. But don't get too excited

A photo capturing the cluster of skyscrapers in the City of London, or "Square Mile", from the opposite bank of the River Thames. — Credit: Photo by Sam on Unsplash
Photo by Sam on Unsplash

Green day predicted

The FTSE 100 is set to open around 33 points higher, clawing back a sliver of Thursday's 1.7% drubbing.

Don't get too excited. Asia had a rough night, with Hong Kong down 2.6% and Tokyo 0.9% lower.

Brent crude is back at $102.50 a barrel, with Washington and Tehran deadlocked and the Strait of Hormuz still closed.

Reports that the US is sending more warships, jets and troops to the region haven't helped.

Bond yields have eased slightly after Thursday's spike, giving investors a moment to catch their breath.

All eyes now turn to the US jobs report this afternoon. A strong number would revive bets on another Federal Reserve rate rise on 28 October.

Dallas Fed boss Lorie Logan already reckons rates need to rise by at least another 50 basis points.