European Shares Seen Opening On Cautious Note Before US Jobs Data
From Nasdaq: 2025-06-06 01:34:00
European stocks may open lower as investors wait for U.S. jobs report. Weak data points to stagflation, prompting concerns about Fed action. U.S. stock futures rise after Trump-Musk call. Asian markets see modest losses amid economic uncertainty. Gold prices up, oil slightly lower but set for weekly gain. German industrial production and U.K. house price data due today.
U.S. stocks end lower on trade talk hopes and weak economic data. China and U.S. agree to more tariff talks. Weekly jobless claims hit 7-month high, trade gap narrows. Fed policymakers more concerned about inflation than labor market. Nasdaq, S&P 500, and Dow close lower. Tesla shares plunge amid Musk-Trump feud.
European stocks close slightly higher as ECB cuts rates but hints at pause. STOXX 600 and DAX rise, FTSE 100 inches up, CAC 40 eases. ECB’s easing measures support markets.
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