Closing summary
The UK’s benchmark FTSE100 index has closed up, marking its longest-ever winning run and the 15th straight day of gains, as markets have recovered from the Trump tariff turmoil of early April.
The FTSE has recouped almost of the losses from the chaotic days in early April when global market plunged amid fears of a trade war.
The London market will be closed on Monday for a bank holiday, with trading resuming on Tuesday.
In other business news today:
US non-farm payrolls came in higher than expected at 177,000 jobs, compared with estimates of 130,000
Amazon founder Jeff Bezos is set to sell up to $4.75bn of stock in the retail giant in the next year
TikTok has been fined €530m by Irish regulator for failing to guarantee China would not access EU users’ data
The boss of Marks & Spencer has called on shoppers to visit its stores over the long weekend, as its online operation remains crippled by a cyber attack
The UK’s financial regulator is looking to ban retail investors from using borrowed funds to invest in cryptocurrency as it looks to overhaul supervision of the digital assets market
You can follow some of our other live coverage from around the world:
Thanks for following developments today with me and Jasper Jolly and wishing you all a pleasant weekend. JP
Updated
The FTSE has completed its longest-ever winning streak
The UK’s benchmark index, the FTSE 100, closed up on Friday, continuing its longest-ever winning run.
This marked the 15th consecutive day of gains, as markets have recovered from tariff-induced turmoil in April, means it has beaten the last length rally, from January 2017.
The FTSE ended Friday 1.17% higher at 8,596.
This means it has now recovered almost all of the losses made early last month, when Donald Trump’s announcement of sweeping tariffs first sent global markets plummeting over fears of a trade war.
London’s main index moved higher throughout the day on Friday, as investors held out hopes that trade relations are thawing between the US and China, and after US job figures came in stronger than expected. Airlines, defence firms – including Melrose and Babcock – and consumer companies such as Reckitt Benckiser and Haleon were among the biggest risers.
European markets including France’s CAC 40 and Germany’s DAX also closed higher.
Updated
