European stock markets begin the day lower, following three consecutive days of declines, while American jobs data takes center stage.

European stock markets began the day lower on Thursday, extending their decline from the previous week's record-breaking close.

The regional index decreased by 0.3%, with most sectors experiencing declines. Chemicals saw a drop of 0.87%, while utilities experienced a slight increase of 0.15%.

In the first three trading sessions of September, the Stoxx 600 has fallen after closing above 525 points on Friday.

The global economy has been affected once again by U.S. data, as weak manufacturing surveys and lower-than-expected jobs openings indicate a slowdown in the world's largest economy. This has sparked debate about whether the Federal Reserve should cut interest rates by 50 basis points instead of 25 this month.

The upcoming release of initial jobless claims on Thursday and nonfarm payrolls and the unemployment rate on Friday has intensified the focus on the remaining U.S. jobs.

The significant decline in the stock market at the beginning of August was largely due to a disappointing July jobs report.

According to George Lagarias, the chief economist at Forvis Mazars, there is a slowdown occurring, but he believes we are still a long way from a recession.

Lagarias predicted that the Fed would not move aggressively in the jobs market, as some moderation had been widely expected.

The technology sector in Europe lost 3.2% on Wednesday, causing markets to decline this week.

On Tuesday, a significant loss occurred at a prominent U.S. chip manufacturer, causing a decline in chip stock prices globally. On Wednesday, the company refuted rumors that it had received a subpoena from the Department of Justice regarding antitrust issues.

In the early hours of Thursday on Wall Street, index futures remained relatively unchanged despite a tumultuous beginning to the month of September.

The Nikkei 225 in Japan experienced the steepest decline among Asia-Pacific markets after wages growth slowed down in August, which could provide the Bank of Japan with more space to consider a rate hike.