European markets set to open lower ahead of U.S. jobs report
European stocks are expected to open lower Friday as investors look ahead to a key U.S. jobs report later in the session.
39 points lower at 25,390, according to IG.The market, focused on the link between inflation pressures and the reopening of U.S. businesses, is on tenterhooks before the release of the jobs report Friday, which is likely to show an additional 671,000 nonfarm payrolls in May, compared to the 266,000 jobs that were added the month before, according to economists polled by Dow Jones.
On Wall Street, U.S. stock futures were little changed in overnight trading Thursday ahead of the May jobs report. This after new unemployment data released Thursday. First-time claims for unemployment benefits for the week ended May 29 totaled 385,000, compared to the Dow Jones estimate of 393,000. It also marked the first time that jobless claims fell below 400,000 since the early days of the pandemic.
Meanwhile,shares in Asia-Pacificwere mixed in Friday trade, as investors looked ahead to the Reserve Bank of India's interest rate decision.Back in Europe, there are no earnings announcements due but euro zone retail sales data will be released at 10 a.m. London time. headtopics.comRead more: CNBC »
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Europe should worry about themselves not the united states Why? European relied on us shit thanks
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‘Skittish is an understatement’ says economist as May jobs report looms for U.S. marketsThis isn't your typical monthly report on nonfarm payrolls after April data showed that the U.S. created just 266,000 in new jobs on a seasonally adjusted... wow Wtf is this garbage headline marketwatch?
Stock futures are flat ahead of May's jobs reportOn Thursday, reopening plays capped the broader market's losses.
Labor market shortage hitting US economy, job market is only temporaryOpinion | Businesses are struggling to find workers and experts are raising the alarm over a 'labor shortage.' But there are clear reasons to think the job crunch is only a short-term problem. By Neil Dutta at RenMacLLC RenMacLLC A simple question: did they try to actually pay the workers?