European Shares Seen Broadly Higher Ahead Of US Jobs Report

RTTNews | vor 580 Tagen

(RTTNews) - European stocks are seen opening mostly higher on Friday despite Apple offering a cautious outlook for revenue from Mac, iPad, and Wearables categories in the current quarter.

The monthly U.S. jobs report is likely to be in the spotlight today, with economists expecting employment to increase by 180,000 jobs in October after an increase of 336,000 jobs in September. The unemployment rate is expected to remain at 3.8 percent.

A private sector survey showed earlier today that China's services activity expanded at a slightly faster pace in October.

Asian markets followed Wall Street higher while the dollar eased further, and Treasury yields fell on dovish Fed bets.

Gold was little changed while oil extended overnight gains on improved risk appetite in global financial markets.

In the Middle East, the Israeli army late on Thursday said that it had encircled Gaza City.

"We're at the height of the battle. We've had impressive successes and have passed the outskirts of Gaza City. We are advancing," Israeli Prime Minister Benjamin Netanyahu said in a statement.

U.S. stocks extended the week's rally overnight and Treasury yields fell as data showing an uptick in weekly jobless claims and declining labor costs added to bets that the Fed is done raising interest rates.

The Dow jumped 1.7 percent to post its best single-day gain since June and the S&P 500 soared 1.9 percent to mark its best day since April, while the tech-heavy Nasdaq Composite added 1.8 percent, marking its best session since July.

European stocks rose for a fourth straight session on Thursday as investors reacted to a slightly dovish Fed policy statement, weak U.S. economic data and the Bank of England's status quo decision on rates.

The pan European STOXX 600 advanced 1.6 percent. The German DAX rallied 1.5 percent, France's CAC 40 surged 1.8 percent and the U.K.'s FTSE 100 climbed 1.4 percent.

Euro Mixed After ECB Announcement

The euro showed mixed trading against its major counterparts in the New York session on Thursday, after the European Central Bank lowered its key rates by 25 basis points, as expected.

RTTNews | vor 30 Minuten

Swiss Market Ends Marginally Up

The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher. Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.

RTTNews | vor 1Std 53 Minuten

European Stocks Close Slightly Higher

European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.

RTTNews | vor 2Std 6 Minuten

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.

RTTNews | vor 2Std 49 Minuten

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.

RTTNews | vor 5Std 19 Minuten

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.

RTTNews | vor 5Std 36 Minuten

U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.

RTTNews | vor 5Std 55 Minuten

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

RTTNews | vor 6Std 23 Minuten

EURUSD	1.14425	GBPUSD	1.35739	AUDUSD	0.65055
USDJPY	143.525	USDCAD	1.36697	USDCHF	0.82024

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European Shares Seen Broadly Higher Ahead Of US Jobs Report