London traders hold their breath before US jobs report

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British shares spent the morning dropping in and out of the red in morning trading as the London stock market marked time before a key US jobs report, which has the potential to move prices later on in the session.

The figures will play a part in determining the Federal Reserve’s plans to taper off economic support.

A decent opening for travel and mining stocks helped the FTSE 100 to keep its head just above water as it edged up 5.30 points, or 0.1 per cent, to 7,083.37. The FTSE 250, home to the UK’s more domestically focused companies, added 14.89 points, or 0.07 per cent, to 22,574.11.

The relief rally in markets was cut short after oil surged once again after the US