European stocks edge higher; caution ahead of nonfarm payrolls

Investing.com - European stock markets traded marginally higher Friday, with investors wary ahead of key US monthly jobs data and next week’s presidential election.

Also weighing on activity is the proximity to next week's US presidential election, the result of which could have ramifications for the European corporate sector. Apple reported a modest growth outlook, even as early iPhone 16 sales grew faster than iPhone 15 sales, while Amazon posted third-quarter profit and sales above Wall Street estimates.Oil prices rose Friday, paring some of the week’s losses, on raised geopolitical tensions in the Middle East following reports that Iran was preparing a retaliatory strike on Israel.

Both contracts are set to fall around 2% this week, after slumping more than 6% on Monday on the reduced risk of a wider Middle East conflict.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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