European Stocks to open lower

European Stocks to open lower, investors are cautious ahead of the US Payrolls and Non-farm employment change figures.

Europe's stocks are set for lower opening after a very volatile session on Thursday and US data due out today. The data can influence FED's decisions in regards to interest rates. The worse than expected US data, increases the expectations that FED will not raise interest rates any more this year and was negative for the US currency. The Dollar lost ground against all major currencies. Oil price held over $30 per barrel, reaching as high as $33.60.

FTSE is expected to open lower around 5,894, DAX is expected to open lower around 9,374, CAC is expected to open lower around 4,224.

The economists expect 190K for Non-farm payrolls and unchanged rate of 5% for Unemployment rate. Some analysts have doubts that the data will be good or better than expected, as all week the data that has come out for US has been less than good. This fact increases fears over the strength of the US economy.

Jr. Trader - S. Fuchedzhiev

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