European stocks rise in early trading ahead of US jobs data

2021-12-03 11:33:10 GMT (Economies.com)
European stocks rise in early trading ahead of US jobs data

European shares rose in early trading on Friday, amid relatively improved risk appetite, which amid anticipation of the US monthly jobs report that provides insight over the US economic recovery and the timing of any upcoming interest rate hike.

 

The Stoxx Europe 600 index rose 0.3% as of 08:32 GMT, after closing lower by 1.1% yesterday, due to a sell-off in the tech sector.

 

The traveling sector saw the largest gains in Europe today, with a rise of nearly 2%, as fears over the Omicron variant eased.

 

South African scientists said the Omicron was first discovered last month, and that current vaccines should protect from extreme illness and death. While all the three cases in the US showed mild symptoms.

 

S&P 500 futures rose less than 0.1% today ahead of Wall Street's opening, after the index higher 1.4% lower yesterday and rebounded from a 6-week low.

 

Now investors await crucial US jobs report, expected to show an addition of 553 thousand in November, with unemployment down to 4.5%, and average income up 0.4%.

 

Back to Europe, the Euro Stoxx 50 index rose 0.3%, France's CAC 40 rose 0.25%, and Germany's DAX index rose 0.5%, while the UK's FTSE 100 rose 0.3%.

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
US
 
Europe
 
Asia