European markets set for rise; U.S. jobs data awaited
European stocks were set to rise on Friday as traders keep a close eye on the intensifying conflict in the Middle East and anticipate the release of the latest U.S. employment data.
According to IG data, Germany's 38 points higher at 19,029, France's 23 points up at 7,489, Italy's 100 points higher at 32,171, and the 7 points opened up at 8,281 were seen.
The Stoxx 600 index dropped 1% on Thursday due to geopolitical tensions, which have caused uncertainty in the market.
The September payrolls report is eagerly anticipated by investors on Friday, as U.S. futures remain unchanged.
On Friday, Asia-Pacific markets experienced mixed trading, despite losses on Wall Street the previous day. Tensions in the Middle East continued to keep investors on edge as they awaited the upcoming U.S. payrolls report in September.
Despite China's stimulus program, Hong Kong's Hang Seng index continued its upward trend, while markets on the mainland remained closed during the Golden Week holiday.
In Europe, the U.K. pub chain releases earnings on Friday, while France releases its industrial production data and the U.K. prints construction data.
Markets
You might also like
- Delinquencies are on the rise while a record number of consumers are making minimum credit card payments.
- U.S. economy state weighs on little changed treasury yields.
- European markets predicted to sustain positive growth.
- Trump hints at imposing a 10% tariff on China starting in February.
- David Einhorn believes we are currently in the "Fartcoin" phase of the market cycle.