• / Free eNewsletters & Magazine
  • / My Account
Home>EUROPE MARKETS: European Stocks Slip With U.S. Jobs Data In View; Spanish Banks Resume Selloff

EUROPE MARKETS: European Stocks Slip With U.S. Jobs Data In View; Spanish Banks Resume Selloff

EUROPE MARKETS: European Stocks Slip With U.S. Jobs Data In View; Spanish Banks Resume Selloff

10/06/2017

By Sara Sjolin, MarketWatch

Euro falls ahead of nonfarm payrolls report from U.S.

European stocks edged lower on Friday, as investors digested a tumultuous week of political drama in Spain and the U.K., but also focused on the monthly U.S. jobs report due later.

Latest levels: The Stoxx Europe 600 index fell 0.2% to 390.35, trimming its weekly gain to 0.6%.

The euro dropped to $1.1697 from $1.1711 on Thursday, as investors bought dollars ahead of the U.S. nonfarm payrolls report. The closely watched monthly jobs report is expected to give further clues to the likelihood of a December interest-rate increase by the U.S. Federal Reserve, which could drive financial markets around the world. The report is due at 8:30 a.m. Eastern Time, or 1:30 p.m. London time.

Read:Hurricanes may make it look like U.S. 'lost' jobs for the first time since 2010 (http://www.marketwatch.com/story/hurricanes-may-make-it-look-like-us-lost-jobs-for-the-first-time-since-2010-2017-10-01)

Week of uncertainty: The pan-European Stoxx Europe 600 has flipped in and out of losses for most of the week, buffeted by events in Catalonia, where separatists have vowed to declare the region's independence from Spain.

Prime Minister Mariano Rajoy's government has been criticized for its heavy-handed response to Sunday's referendum on independence and to subsequent developments. Separatist leaders looked ready to declare independence as early as Monday next week, but national authorities moved to thwart that Thursday by closing the regional parliament for that day.

©2017 Morningstar Advisor. All right reserved.