LIVE MARKETS-Futures struggle for direction ahead of data-heavy day

 LIVE MARKETS-Futures struggle for direction ahead of data-heavy day
Image source: ©2022 Kalkine Media®

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at


FUTURES STRUGGLE FOR DIRECTION AHEAD OF DATA-HEAVY DAY(0731 GMT)

European stocks look set to struggle for direction this morning, with futures on the Stoxx 50 flat, while neither FTSE 100 and DAX futures are veering much either side of that.

The market is waiting for U.S. nonfarm payrolls data later in the session. They are expected to show November job growth slowed to its smallest in nearly two years as mounting worries of a recession cooled demand for workers.

This could give the Federal Reserve confidence to start slowing the pace of its interest rate hikes this month - potentially lending more support to the recent equity rally.

The pan-European index remains on its way to clock up seven weeks of consecutive gains.

Euro area October PPI will give a read on inflation later this morning. Data out of Germany already showed exports fell more than forecast in October as soaring inflation, waning foreign demand and strained supply chains raise the spectre of recession in Europe's largest economy this winter.

(Lucy Raitano)

*****

Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles