European stocks steadily seen ahead of US employment reports

European equities on Friday are refraining from making big bets prior to reporting the number of U.S. non-farm payrolls that traders may provide fresh insights into the timing of the Fed’s tapering. It is believed to be open almost unchanged.

Economists expect US employment to increase by 488,000 in September after an increase in employment of 235,000 in August. The unemployment rate is expected to drop from 5.2% to 5.1%.

Destatis, near the house, will publish German foreign trade data for August later that day. Exports are projected to increase 0.5% month-on-month, the same rate announced in July. At the same time, imports are expected to fall 1.8% more slowly than last month’s 3.8%.

Asian market Mostly higher after U.S. legislators temporarily avoided the possibility of government defaults, and research shows that China’s services sector activity grew in September thanks to the declining impact of Covid-19. Returned to.

Meanwhile, China will deepen its loan prime rate (LPR) reforms and gradually make deposit rates market-driven, Central Bank Deputy Governor Liu Guoqiang said in a statement released today.

On Thursday, central bank governor Yi Gang said China would continue to take steps to curb monopoly behavior among Internet platform companies and strengthen the protection of consumer privacy and data security.

The US dollar remained strong against a basket of currencies and gold traded flat after the U.S. Department of Energy said it had no plans to use the country’s oil “at this time”, but oil was the longest since December. It headed for a rise seven times a week. Reserves.

U.S. stocks overnight as data showed unexpectedly lower than expected new unemployed bills last week and lawmakers agreed to temporarily extend debt limits until early December to avoid potential defaults. Rose.

The Dow rose 1%, the tech-heavy Nasdaq Composite index rose 1.1%, and the S & P 500 rose 0.8%.

European stocks rebounded on Thursday as bond yields receded and concerns about a full-scale energy crisis eased.

The Pan-European STOXX 600 surged 1.6%. Germany’s DAX surged 1.9%, France’s CAC 40 index rose 1.7%, and the UK’s FTSE 100 rose 1.2%.

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European stocks steadily seen ahead of US employment reports

Source link European stocks steadily seen ahead of US employment reports

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