US Market Closed for Independence Day

A quiet start to the week, what with Independence Day celebrations in the US – meaning Wall Street is closed.

So far, the FTSE 100 index has dipped, while the pound has already hit its day low after weak PMI services data was released.  Since then, the US dollar has jumped against the yen before retreating again after a bigger-than-expected drop in US non-farm payrolls was released for June.  Meanwhile, US unemployment dropped to 9.5%, a larger fall than had been predicted.

In the UK, the first CTF provider has announced that they are not taking any new customers for new child trust funds.  Last month the new coalition government announced that it was axing all child trust funds from January 2011.

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