Interactive Investor

Morning market update from Interactive Investor

Commodity prices continue to rise after the weakest payrolls number for over five years on Friday caused the chances of an imminent US interest rate rise to collapse.

This has helped the oil and mining heavy FTSE 100 get off to a positive start to the week, helped by a collapse in sterling after recent EU referendum polls show the leave vote in the lead.

Janet Yellen's speech in Philadelphia this afternoon will yet again be a key focus for investors, but with the risk of a rate rise in June falling from 22% to 4% after Friday's employment figures, the major question is how the Federal Reserve positions the headline jobs number.

With the US unemployment rate just 4.7%, one could argue that the US is close to full employment, but whether this is enough to allow the Fed to continue to maintain its more hawkish stance remains to be seen.

At 8.20am, the most actively traded blue chip stocks by Interactive Investor clients were as follows: Glencore, BP, and BHP Billiton.

At 8.20am the most active small/mid caps were: Blue Prism, Condor Gold, and Andalas Energy and Power.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.