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Markets retreat from highs after US job losses
Markets fell back from mid-morning highs after news 125,000 Americans lost their job in June.
Markets
The FTSE 100 was up 43 points at 4850 - having been as high as 4880 ahead of the data.
The official forecast was for a 100,000 fall in non-farm payrolls - although that number had crept higher in recent days after disappointing ADP and claimant news this week.
More private-sector jobs were created than in May, but the 83,000 increase was still well below the 218,000 level in April. Economists had forecast an 115,000 gain.
This was the second month of disappointing US jobs data and comes amid growing signs the pace of global growth is slowing.
US futures pulled back from highs on the news, but still suggest modest gains on Wall Street ahead of the Independence Day holiday on Monday.
The DJIA fell yesterday to its lowest level since October last year.
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