European stock futures mixed; caution ahead of U.S. jobs report
Investing.com - European stock markets are expected to open in a mixed fashion Friday, with investors focusing squarely on the monthly U.S. jobs report that could set the tone for the Federal Reserve’s next interest rate move.held the rate steady when they met in September, but a hawkish assessment of conditions pointed to another interest rate increase this year, resulting in U.S. Treasury yields soaring to 16-year highs.
The EU leaders could also discuss a potential agreement with the U.S. on steel and aluminium trade that would avert the re-imposition of Trump-era tariffs, according to Bloomberg News.Oil prices edged higher Friday, but were on course for their steepest weekly decline for months on concerns of a global economic slowdown and the associated hit to fuel demand.
Official U.S. data this week showed a sharp build in gasoline stocks, indicating a decline in gasoline demand in the largest consumer in the world, and attention now turns to the release of the U.S. monthly jobs report later in the session for signs of how strong the economy is. The U.S. crude benchmark was down 9% this week, heading for its sharpest weekly loss since April, while the Brent contract was down more than 11%, on course to its sharpest weekly loss since March.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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