European stocks are expected to open higher on Friday as global markets look ahead to crucial U.S. jobs data that could influence when the U.S. Federal Reserve next hikes interest rates.
The London FTSE index is expected to open 12 points higher at 6,757, the German DAX up 21 points at 10,555 and the French CAC up 10 points at 4,449, according to IG.
Global markets are gearing up for the all-important U.S. jobs data due on Friday. The nonfarm payrolls report will be eagerly watched by the Fed and could determine whether the Federal Open Market Committee decides to raise rates when it holds its next monetary policy meeting later this month.
Fed officials have repeatedly said their decision was dependent on economic data and a week ago, Fed Chair Janet Yellen said she was upbeat about the health of the economy.
Economists are forecasting 180,000 nonfarm payrolls were created in August, and the unemployment rate is expected to fall by a tenth to 4.8 percent.
Asian markets were mixed on Friday, following a flat finish stateside on Thursday, ahead of the jobs report.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.