Investors are awaiting this Friday’s U.S. jobs report, while ongoing tensions in the Middle East continue to fuel currency concerns.
The calm before the storm ? While major indices remained near equilibrium at the open this weekend, investors are opting to limit risk-taking ahead of the release of U.S. jobs data—a key event likely to influence the Federal Reserve’s upcoming decisions.
In fact, economists anticipate the creation of approximately 130,000 to 140,000 nonfarm jobs in May, following 177,000 jobs created in April. The unemployment rate is expected to remain stable at 4.2%, while the increase in hourly wages could come in at 0.3% month-over-month and 3.7% year-over-year.
At mid-session, the CAC 40 was therefore hovering around the break-even point, near 8,000 points, up slightly by +0.1%, while the Stoxx Europe 600 was down slightly by about 0.1%. In Frankfurt, the DAX was down nearly 0.2%, while London’s FTSE 100 was trading virtually flat.
Wall Street buoyed by the Dow Jones, but tech stocks are losing steam
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Read also > [STOCK MARKET UPDATE] Markets fall amid renewed tensions in the Middle East
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