European Stocks and U.S. Futures Start September on Back Foot
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2 September 2024 Share markets fell slightly on 2nd September as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. Survey data released on 31st August showed Chinese manufacturing activity sank to a six-month low in August, and data on 2nd September showed euro zone factories are also still struggling. Wins for the populist parties in German state elections added a fresh layer of political uncertainty in European markets, while a holiday in the United States and Canada made for thin liquidity. Europe’s STOXX 600 index (.STOXX), opens new tab fell 0.26%, after hitting a record high on 30th August. Germany’s DAX (.GDAXI), opens new tab and Britain’s FTSE 100 (.FTSE), opens new tab were down 0.11% and 0.1% respectively. “European equities have opened on a weaker footing owing to weaker economic data from China,” said Aneeka Gupta, equity strategist at WisdomTree. “The industrials and consumer discretionary sector led the declines.” To find out more details please visit : https://www.reuters.com/ |