By Dominic Lau LONDON (Reuters) - Britain's leading share index ticked down in early trade on Friday following the previous session's sharp gains, with investors turning cautious before the latest U.S. jobs report. By 0730 GMT, the FTSE 100 was down 14.11 points, or 0.3 percent at 4,110.86. On Thursday the index rallied 4.3 percent, lifted by hopes that the G20 meeting would help tackle the financial crisis and a relaxation of accounting rules in the United States would ease the strain for banks. The UK benchmark closed above the 4,000 level for the first time in 6 weeks, but is still down 7.2 percent for the year. Banks took most points off the index, with HSBC losing 3.7 percent ahead of the close of the global banking group's rights issue. Royal Bank of Scotland slipped 1.1 percent. The part-nationalised bank holds its annual meeting on Friday and ahead of that said it would cut more jobs but it was still too early to say how many. Lloyds Banking Group and Standard Chartered fell 3.4 and 1.9 percent, respectively. G20 leaders set out a $1.1 trillion package to help revive the global economy on Thursday. They also moved to tighten rules on tax havens, hedge funds and credit rating agencies, aiming to ward off a future crisis, and U.S. President Barack Obama declared the summit a "turning point" for the world. But investors are now turning their sight on the U.S. nonfarm payroll data for March, due out at 1230 GMT. The struggling U.S. economy probably continued to bleed jobs at a rapid rate in March, continuing to drive up the jobless rate at a startling pace. Analysts polled by Reuters expected 650,000 jobs would be lost, similar to the 651,000 shed in February. "The expectation is that the nonfarm payrolls could be a very bad number. But that's in the market and also people are discounting the bad jobs data at the moment," said David Morrison, market strategist at GFT Global Markets. "Whenever you talk about bad jobs data, everyone turns around and says this is a lagging indicator. Other data are suggesting that we have already reached the bottom," he said. "That's rather brave ... It's too early to call the bottom." Miners were also weaker, with BHP Billiton, Anglo American, Rio Tinto and Lonmin down 0.4 to 2.2 percent. Oil producers strengthened as crude prices traded above $52 a barrel after the previous session's near 9 percent surge. BP, Royal Dutch Shell and Cairn Energy added between 0.6 and 0.9 percent. Vodafone advanced 1.2 percent after Credit Suisse lifted its rating on the mobile phone operator to "outperform" from "neutral". Credit Suisse also upgraded Johnson Matthey to "outperform" from "neutral". Shares in the platinum specialist surged 3.4 percent, topping the FTSE 100 gainers' list. | 
