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Europe stocks open lower after three straight declines; U.S. jobs data in focus

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Global sentiment has yet again been rattled by U.S. data, after weak manufacturing surveys and lower-than-expected jobs openings suggested an economic slowdown.

suggested a slowdown in the world's biggest economy — and revived debate about whether the Federal Reserve could cut interest rates by 50 rather than 25 basis points this month.That has put even more focus on the remaining U.S. jobs releases out this week, particularly initial jobless claims on Thursday and nonfarm payrolls and the unemployment rate on Friday.

"There is a slowdown taking place, there's no question about it, but I think we're very far from a recession," George Lagarias, chief economist at Forvis Mazars, told CNBC's"Some moderation in the jobs market has long been widely expected, Lagarias added, indicating that"the Fed is not going to move very aggressively.

 

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