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European stocks set to open mixed as investors await US jobs data

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European stocks are set to open mixed Friday as investors await a key U.S. nonfarm payrolls report, which may provide an indication as to whether the Federal Reserve is likely to cut interest rates at July's monetary policy meeting.

European Markets: FTSE, GDAXI, FCHI, IBEX

A weaker-than-expected figure from the upcoming payrolls report could increase bets that the Fed will cut interest rates at its meeting on July 30 and 31. Geopolitical tensions in the Middle East will also be in focus after British Royal Marines seized a large Iranian oil tanker on Thursday for trying to take oil to Syria in violation of EU sanctions, evoking fury in Tehran.

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Last print was very average yet the market took off on the back of rate cut expectations. Expect more of the same from this propped up market. Yield curve inversion, bond market & gold telling the true story......

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European stocks set for modest rise as Fed rate cut expectations growEuropean stocks are seen opening cautiously higher Thursday after weaker-than-expected U.S. economic data gave investors cause to anticipate that the Federal Reserve will cut interest rates. Should the Fed stop charging interest on reserves?
Source: CNBC - 🏆 12. / 72 Read more »