Here are the opening calls
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Welcome to CNBC’s live blog covering all the action and business news in European financial markets on Thursday.
Futures data from IG suggests European markets will open higher, with London’sFTSE 100looking set to open 0.3% higher at 8,799, Germany’sDAX0.2% higher at 23,836, France’sCAC 40also up 0.2% at 7,757 and Italy’sFTSE MIB up 0.15% at 39,926.
The positive start in Europe comes after a more mixed day on Wednesday, particularly for the U.K. where bond prices, as well as theFTSE, tumbled sharply.
Those moves came after U.K. Finance Minister Rachel Reeves appeared visibly upset in Parliament on Wednesday as pressure mounted on thegovernment over welfare reforms. The government said Reeves was dealing with a “personal matter” and Prime Minister Keir Starmer later said she has his full support.
U.S. stock futures were little changed on Wednesday night as traders braced for June’s nonfarm payrolls data. Economists polled by Dow Jones expect that the economy added 110,000 jobs last month. Thatcompares with May’s gainof 139,000. Economists also see the unemployment rate inching higher.
In the Asia-Pacific region overnight, Vietnamese stocks climbed to their highest in over three years as investors awaited further details on the U.S.-Vietnam trade agreementthat President Donald Trumpannounced Wednesday.
The U.S. is imposing a 20% tariff on goods imported from the Southeast Asian nation, while the latter will impose “ZERO Tariff,” Trumpsaid on Truth Social.
— Holly Ellyatt
What to keep an eye on
Jobseekers talk to recruiters during the New York Public Library’s annual Bronx Job Fair & Expo at the Bronx Library Center in the Bronx borough of New York, on Sept. 6, 2024.
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It’s a reasonably quiet day for data and earnings in Europe on Thursday, although Spain and Italy’s latest purchasing managers’ index data on business activity will be released.
More global market attention will be on the U.S. as June nonfarm payrolls data is released later in the U.S. trading session.
Economists polled by Dow Jones expect that the economy added 110,000 jobs last month. Thatcompares with May’s gainof 139,000. Economists also see the unemployment rate inching higher to 4.3%, up from 4.2% in May.
A report from payrolls processing firm ADP released Wednesday morning showed that private sector hiringfell by 33,000last month.
— Holly Ellyatt. Lisa Kailai Han
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