FTSE 100 Advances as Cooling US Labor Market Reduces Federal Reserve Rate Hike Bets

The UK's FTSE 100 climbed in Monday morning trading, initially gaining 0.7% before tracking up 0.11% as weaker-than-expected U.S. employment figures tempered aggressive interest rate expectations. The U.S. Bureau of Labor Statistics reported September nonfarm payroll growth of 29,000, well below the forecasted 90,000, with net downward revisions of 60,000 to previous months. The cooldown reduced the perceived probability of an October Federal Reserve rate hike to under 25%, down from about 65% a week earlier, lifting broader European equities even as commodity markets faced crude oil declines.