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European markets open lower after strong US job growth


Monday, 8 July 2019 14:22 WIB

EropaSaham EropaStoxx Europe 600


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European stocks edged lower Monday morning, after stronger-than-anticipated jobs data on Wall Street tempered expectations for a Federal Reserve rate cut.

The pan-European Stoxx 600 was down around 0.1% at 389.67 shortly after the opening bell, with most sectors and major bourses in negative territory.

Global equities have generally been boosted by rising expectations that central banks will keep interest rates at or near record lows to boost economic growth.

Those expectations were tempered by a closely-watched U.S. labor report on Friday. Nonfarm payrolls jumped 224,000 in June, beating forecasts for 160,000, running contrary to worries that both the employment and overall growth picture was beginning to weaken.

Source : CNBC


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