European Shares Set For Muted Start Before US Jobs Data
From Nasdaq.: 2025-01-10 00:43:13
European stocks are expected to open lower as investors await the U.S. jobs report, with expectations of a gain of 155,000 jobs in December and a steady jobless rate of 4.2 percent. Fed funds futures show a low chance of a rate cut at the next policy meeting. Asian markets are down due to uncertainty over U.S. policies and China’s growth. Treasuries rose on Fed officials’ comments, while Chinese yields climbed and the yuan fell. The dollar index held steady, the pound weakened, and gold rose. Oil prices were up for a third week. European stocks closed higher on Thursday, with the STOXX 600 gaining 0.4 percent. Trading volumes were low as U.S. markets were closed for President Jimmy Carter’s honor.
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