Caution rising European equity transactions morning and eyes on US jobs report

Economies.com
2016-02-05 09:51AM UTC

European shares rose slightly morning trades on Friday in the latest week's sessions, as investors were cautious ahead of the release of a report on jobs in the United States may provide new evidence on the future implementation of US interest rate cycle.

The Dow Jones Stoxx Europe 600 index rose 0.3 percent at 09:15 GMT, the index lost 0.2 percent yesterday, the fourth straight daily loss, heading towards a weekly loss of about 4 percent.

The French market was the best performer among the European stock markets, with the support of a strong sector of the banking sector gains with a rise of BNP shares by about 5 percent after France's biggest bank for new plans to enhance profitability and liberalization of the capital revealed.

In contrast, the German market was down in advance the worst performance, after a weak negative factory orders data raised doubts about the German economy, the biggest economy in the euro zone.

German factory orders fell by a monthly 0.7 percent in December in the lower pace during the last three months, exceeding expectations that indicated a decline of 0.3 percent, worse than the previous reading, which recorded an increase of 1.5 percent.

Futures for the S & P 500 rose 0.4 percent, after a rise in the index yesterday on Wall Street rose 0.2 percent, the second daily gain in a row.

Investors await later in the day the monthly report of new jobs in the United States, to measure the the strength of US economic growth, search for new evidence concerning the implementation of US interest rate cycle in the current year.

As for the most important European markets indicators euros Stoke 50 index rose 0.3 percent, France's CAC 40 Index climbed 0.5 percent, and Germany's DAX index fell 0.3 percent, and in London rose FTSE 100 the amount of 0.3 percent.

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