PARIS (Reuters) – European markets fell at the opening on Friday before the publication of US employment figures for March.
In Paris, the CAC 40 fell 1.18% to 8,055.42 points around 07:27 GMT. In Frankfurt, the Dax lost 1.1%, compared to 0.96% for the FTSE in London.
The pan-European FTSEurofirst 300 index lost 0.96%, the EuroStoxx 50 1.18% and the Stoxx 600 1.03%.
New York index futures suggest Wall Street opening higher, with the Dow Jones rising 0.12%, compared to 0.23% for the Standard & Poor’s 500 and 0.25% for the Nasdaq.
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The report on US labor markets in March will be released at 12:30 GMT, and investors are bracing for better-than-expected figures, after a series of data this week showed the resilience of employment tensions across the Atlantic .
Better than expected figures could push the Federal Reserve to postpone its first rate cuts.
Industrial production in France and industrial orders in Germany disappointed on Friday, adding to market circumspection.
The financial services sector fell 1.45%, one of the worst performances of the Stoxx 600 sectors as investors position themselves for higher rates for longer.
(Written by Corentin Chappron, edited by Sophie Louet)
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