European Factors to Watch-Cautious open seen for shares before U.S. jobs data

viernes 5 de febrero de 2016 03:23 GYT
 

(Adds futures prices)

MILAN Feb 5 (Reuters) - European shares were expected to open flat to lower on Friday amid caution before the release of a key jobs report in the United States that could provide clues on the Federal Reserve's monetary policy outlook.

By 0720 GMT, futures for the euro zone's blue-chip Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were all down by between 0.3 percent and 0.1 percent.

The pan-European FTSEurofirst 300 index ended down 0.15 percent after a choppy day on Thursday, as weak U.S. data led to concerns that the world's biggest economy may be slowing down, further weakening the dollar.

"Expect a mixed and uneventful open to European equity markets this morning. A quiet night across multiple key markets ahead of NFP (U.S. non-farm payrolls) Friday failed to provide any insight for cautious investors," said LCG dealer Mark Lee.

"A second successive upbeat non-farm number could provide piece of mind for currently contained equity bulls," he added.

U.S. employment gains likely slowed in January as the boost to hiring from unseasonably mild weather faded, but an expected rebound in wages and a steady jobless rate will suggest the labor market recovery remains firm. Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters survey of economists.

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