European stocks largely unchanged; caution ahead of US payrolls

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European stocks largely unchanged; caution ahead of US payrolls

Investing.com - European stock markets traded largely unchanged Friday, ending the week on a cautious note as investors awaited the release of the monthly US jobs report while keeping an eye on developments in the Middle East.The main European indices have struggled during the early days of October as the tensions in the Middle East have escalated.

Sentiment has been helped by US President Joe Biden saying he did not believe there is going to be an"all-out war" in the Middle East.rose 1.4% on the month in August, an improvement from the drop of 0.5% the prior month, while there are a number of speeches from European Central Bank policy makers scheduled throughout the day.

Labor market data this week has tended to surprise on the positive side, which could remove some of the downside risk to today’s payrolls number, and a healthy release could reduce the need for the Federal Reserve to deliver large interest rate cuts in its final two meetings of the year.) stock rose 0.5% after the British pub chain reported a hefty 73% rise in annual pretax profits, with sales having topped £2 billion for the first time.

 

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