© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 2, 2021. REUTERS/Staff
(Corrects index to in paragraph 2)
(Reuters) – European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood.
The pan-European STOXX 600 index was down 0.2% by 0723 GMT but on track for small weekly gains.
Rate-sensitive banks and financial services were among the top decliners, with investment group Ashmore Group falling 3.9% after its full-year results.
A private survey showed activity in China’s services sector contracted sharply in August as restrictions to curb the COVID-19 Delta variant threatened to derail the recovery.
Data later in the day is likely to show U.S. employment growth pulled back in August, adding to recent signs of economic slowdown that could spur the Fed to provide support for longer.
IHS Markit’s final readings of August business activity in the euro zone and the UK are also due later on Friday.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
