FTSE 100 climbs on weaker US jobs data and lower oil prices

London’s FTSE 100 opened higher, trading around 0.2‑0.3% above the previous close, as futures pointed to an opening near 10,500‑10,680 points. The move was driven by a softer‑than‑expected U.S. non‑farm payroll report, which showed only 57,000 jobs added in June, prompting investors to trim expectations for further Federal Reserve rate hikes. At the same time, Brent crude fell about 0.8% to around $71 a barrel following progress in U.S.–Iran negotiations, reducing pressure on energy‑heavy equities.

Bank of England Governor Andrew Bailey reiterated that interest‑rate cuts are “off the table” for now, reinforcing expectations of a higher‑for‑longer monetary policy stance. Among the FTSE constituents, Compass Group (+2.5%), Tesco (+2.3%) and AstraZeneca (+1.7%) led gains, while RELX (‑2.2%) and Spirax Group (‑1.6%) were among the laggards. The pound remained steady versus the dollar, and broader markets in Asia and the United States posted mixed moves.