European Stocks Edge Lower as Trade, U.S. Outlook Weigh
European stocks turned lower Friday morning as investors braced for fresh economic data from the U.S. and updates on global trade.
According to a CNBC report, FTSE 100 futures edged down 0.1%, while France’s CAC 40 dropped 0.4% and Germany’s DAX slipped 0.1%.
Markets are preparing for the release of U.S. nonfarm payrolls, expected to show weaker hiring compared to last month. The report could strongly influence the Federal Reserve’s next rate decision.
Thursday Rally Fades After ECB Rate Cut
On Thursday, European equities closed higher following a widely anticipated interest rate cut by the European Central Bank. That momentum faded Friday as attention shifted back to global risks and economic uncertainty.
Trump–Xi Call Puts Spotlight Back on Trade
Geopolitical concerns also played a role. On Thursday, President Donald Trump spoke by phone with Chinese President Xi Jinping. Trump described the 90-minute conversation as “very good,” noting it focused “almost entirely” on trade, CNBC reported.
With trade tensions unresolved and economic data in focus, European markets are heading into the weekend with a cautious tone.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
