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4 Sep 2015
European indices set to track Asian counterparts lower at open
FXStreet (Mumbai) - European stocks are expected snap its previous gains and open the last trading day of the week on a weaker note. The cautious tone adopted by the Asian markets is also reflected in the European futures, thus tipping-off a lower start for the indices.
Ahead of Europe open, futures for Germany's DAX 30 index fell 1.47% to 10,173.30, while futures for the UK's FTSE 100 index lost 1.34% to 6,109.30. Among the other indices, French CAC 40 futures declined 1.39% to 4,588.00, while futures for the pan-European Euro Stoxx 50 index decreased 1.48% to 3,223.50.
Markets are expected to remain wary, patiently awaiting the August non-farm payrolls report that may give a clear hint on the Fed’s next monetary steps. The US economy is expected to have created 217,000 new jobs in August, with the jobless rate sliding to 5.2% from 5.3% previously.
Ahead of Europe open, futures for Germany's DAX 30 index fell 1.47% to 10,173.30, while futures for the UK's FTSE 100 index lost 1.34% to 6,109.30. Among the other indices, French CAC 40 futures declined 1.39% to 4,588.00, while futures for the pan-European Euro Stoxx 50 index decreased 1.48% to 3,223.50.
Markets are expected to remain wary, patiently awaiting the August non-farm payrolls report that may give a clear hint on the Fed’s next monetary steps. The US economy is expected to have created 217,000 new jobs in August, with the jobless rate sliding to 5.2% from 5.3% previously.