FTSE 100 Live: Unemployment figures released, bank shares in focus

[ASFN Admin]

Traders will be hoping for calmer conditions today after the fallout from the collapse of Silicon Valley Bank caused financial and stocks to slide yesterday. London’s FTSE 100 index tumbled 2.5% on Monday amid the turmoil in the banking sector, although the top flight is forecast by IG Index to open today’s session slightly lower. Meanwhile, the Office for National Statistics said the unemployment rate for three months to January was unchanged at 3.7% compared with City expectations for 3.8%.

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