The top share index was higher at midday Friday, supported by strength in integrated oil stocks and in market heavyweight Vodafone
The FTSE 100 <.FTSE> index was up 27.99 points, or 0.5 percent, at 5,652.25 by 11:48 a.m., recovering after a 0.8 percent fall Thursday. Volumes were low at around 22 percent of the 90-day average.
There is no bigger number in global financial markets than the non-farm payrolls, so one would expect there to be a little nervousness ahead of that, Barclays Wealth market strategist Henk Potts said.
There is general optimism that a figure of 155,000 is expected and, after yesterday's ADP data, there is a suggestion that the figure could be even higher than that. But in general terms, I think investors should be rejoicing in the fact that the data from the United States has been slowly but surely improving over the course of the past few weeks, and I would expect that to continue over the course of 2012, he said.
Integrated oils provided the biggest support for the blue-chip index, led by BG Group
Banks recovered after recent falls caused by fears over recapitalisation moves by European lenders exposed to the euro zone debt crisis, with part-state-owned Lloyds Banking Group
Mobile operator Vodafone
Terrestrial broadcaster ITV
A cautious note on fund managers weighed on blue-chip Ashmore
We remain particularly cautious on fund flows in Europe as banks which are major distributors of funds continue to focus on shoring up deposits, it said.
Hedge fund manager Man Group
Food retailers were the worst blue-chip performers on a sector basis, led by Morrison Supermarkets
U.S. stock index futures pointed to a higher open for equities Friday ahead of the jobs report.