Investing.com - European stock markets slipped slightly lower Friday, with investors cautious ahead of the widely-watched monthly US jobs report, a key influence in deciding future Federal Reserve rate expectations.
With investors barely pricing in two rate cuts from the Federal Reserve this year the data is likely to remain consistent with a gradually slowing, but still solid labor market. Elsewhere, a report from the Italian financial newspaper Il Sole 24 Ore indicated that the Italian luxury group Prada (OTC:Oil prices rose Friday, on track for a third straight week of gains, with demand receiving a boost from severe winter conditions in parts of the United States and Europe.
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European Stocks Set to Open Lower Ahead of Fed DecisionInvestors are bracing for the Federal Reserve's latest monetary policy announcement, which is expected to impact global markets. The decision will also be scrutinized for clues on future rate adjustments and the outlook for inflation.
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