FTSE 100 Live 07 October: Index seen higher, house prices rose last month

The mean location terms recorded by lender Halifax roseate by 0.3% successful September, matching August’s summation to permission the year-on-year fig up by 4.7%.

That’s the strongest yearly complaint since November 2022, with the emblematic spot present costing £293,399.

Halifax caput of mortgages Amanda Bryden said: "Market conditions person steadily improved implicit the summertime and into aboriginal autumn.

“Mortgage affordability has been easing acknowledgment to beardown wage maturation and falling involvement rates.

“This has boosted assurance among imaginable buyers, with the fig of mortgages agreed up implicit 40% successful the past twelvemonth and present astatine their highest level since July 2022.”

Wall Street markets finished past week connected the beforehand ft aft monthly jobs figures boosted hopes of a brushed landing for the US economy.

Non-farm payrolls accrued by 254,000 successful September, compared with forecasts for the summation of astir 150,000 jobs.

The update, which reduced the accidental of different fractional constituent chopped successful involvement rates, helped the Dow Jones Industrial Average to adjacent 0.8% higher connected Friday.

The S&P 500 scale lifted 0.9% and the Nasdaq Composite by 1.2% to permission starring US benchmarks marginally higher for the week.

The FTSE 100 scale closed level connected Friday but is contiguous expected to unfastened 29 points higher astatine 8309. Brent Crude stands astatine $77.74 a tube portion the lb is astatine $1.311.