From Investing.com: 2024-05-03 03:27:25

European stock markets had mixed trading as investors awaited the U.S. jobs report and digested corporate earnings, including from Apple. Shares in Germany rose 0.2%, while France dropped 0.3% and the U.K. remained flat.

Apple’s quarterly results beat expectations with a $110 billion share buyback program, boosting Wall Street and European markets. Credit Agricole and Societe Generale stocks rose on strong quarterly earnings, while Daimler Truck stock fell on a cooling market warning.

The U.S. jobs report is eagerly anticipated, with nonfarm payrolls expected to grow by 238,000. Federal Reserve Chair Powell emphasized the importance of this data for future policy decisions. European economic data is also being closely monitored.

Crude prices edged higher after hitting seven-week lows, facing steep losses due to demand uncertainty and high U.S. stockpiles. Both benchmarks were set to lose between 5% and 6% for the week. Gold prices rose slightly, while the Euro traded higher at 1.0728 against the Dollar.



Read more at Investing.com: European stocks mixed; earnings in focus ahead of key payrolls release By Investing.com