Left Menu
Development News Edition

UPDATE 1-European shares get cold feet ahead of U.S. jobs data

UPDATE 1-European shares get cold feet ahead of U.S. jobs data

European shares were little changed on Friday ahead of a key payrolls data from the United States, while airline stocks benefited from weak oil prices as tensions in the Middle East faded. The pan-European STOXX 600 Index was 0.03% higher by 0907 GMT and was set to post moderate weekly gains.

The December non-farm payrolls data from the United States is due at 1330 GMT and is expected to have slowed from November, according to a Reuters poll. The figure is a key gauge of consumer strength and will help determine whether economic expansion in the world's largest economy is chugging along.

"I would just put (today's movement) down to a bit of profit taking before the figures," said David Madden, analyst at CMC Markets in London. "We've had a good run, up at all-time highs, sentiment is probably positive - the Iranian issue appears to be put to bed - people are just sitting on their hands ahead of the report."

Travel and leisure stocks were the best performing sector, led by gains in major airline stocks Ryanair and Air France, as oil prices continued to decline. The travel and leisure index touched its highest level since May 2018, and was set to add 1.4% for the week.

On the other hand, the banking sector was the biggest decliner, with Spain's Bankia SA leading losses with a 2% dip. Data showed that industrial production in Spain and France rose more than expected in November, although analysts said that production had a long road ahead to sustained recovery, owing to languid global demand.

British retailer B&M was the worst performer on the STOXX 600 after it flagged weak sales growth in the key Christmas quarter. Laggard holiday sales have weighed on British consumer stocks, with updates from fashion brands Superdry and Marks And Spencer also coming in weak.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



Future of Food: Technology fostering the road to global food security

Technological innovation can help address most of the pressing issues facing the world today including food security by enhancing productivity, improving financial services, managing resources, addressing environmental concerns, etc....

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Now it’s a war, Uganda deploys army to combat locust swarms

Its for the first time after 1986, the locust swarms have attacked Uganda twice in a season. With the increasing number of countries of Africa under attack by locust swarms, the problem seems to have taken a regional paradigm. Its very diff...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...


Latest News

CPI's attempt to protest against Trump's India visit foiled, several held in Hyderabad

CPI leaders and other activists who attempted to organise a protest in the vicinity of the American Embassy here to protest against US President Donald Trumps visit to India were detained and cases registered against them, police said. Acco...

Tokyo baseball team to play in empty stadium amid coronavirus fears

Tokyos Yomiuri Giants baseball team will play two preseason games in an empty stadium, the latest impact on sports as Japan implements measures to contain the coronavirus just months before it hosts the 2020 Summer Olympics. The move comes ...

Japan's Hokkaido prefecture seeks closure of all public elementary, junior high schools

The board of education in Japans northern Hokkaido prefecture will seek to close all public elementary and junior high schools for a few days starting from Thursday, Kyodo news agency reported on Wednesday.Hokkaido, Japans northernmost main...

Hayes tallies twice as Flyers double up Sharks

Kevin Hayes had two goals and an assist to lift the host Philadelphia Flyers past the San Jose Sharks 4-2 on Tuesday. Travis Konecny added one goal and two assists while Nicolas Aube-Kubel contributed one goal for the Flyers, who won their ...

Give Feedback