European markets make gains as investors digest ECB decision

Friday, 7 June 2019 14:38 WIB

Saham EropaStoxx Europe 600


European stocks started Friday's session on a relatively positive note, as investors digested the latest news surrounding trade and the global economy.

The pan-European Stoxx 600 climbed 0.6% to 376.24 in early deals, oil and gas stocks leading gains with a 1.3% rise as all sectors except telecoms traded in positive territory.

As another trading week draws to a close, investors in Europe will be looking ahead to the latest nonfarm payrolls out of the U.S, which are due out during Europe's afternoon session.

Economists polled by Reuters are forecasting that the U.S. will add 180,000 jobs during the course of May, yet if the figure is dramatically different to this, then this could impact the U.S. Federal Reserve’s current thinking surrounding interest rates.

Another central bank that traders remain focused on is the European Central Bank. On Thursday, the ECB decided that it would postpone its first post-crisis interest rate hike, while raising its inflation forecast.

Source : CNBC


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