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European stocks wobble ahead of US non-farm payrolls

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets across Europe are trading wobbly as investors stay cautious ahead of the US non-farm payrolls data.

    At the time of writing, the pan-European Blue Chip index Euro Stoxx 50 was trading 0.10% higher. Germany’s DAX was down 0.20%, while France’s CAC and UK’s FTSE was up 0.4% and 0.10% respectively.

    Shares in ArcelorMittal fell 8% after the company announced a $3 billion capital increase as its fourth-quarter net loss widened from a year ago amid falling steel prices.

    Investors await the all important US payrolls. Markets expect the data to show the economy added 190K jobs in January and the unemployment rate remained unchanged at 5%.
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