European markets are expected to open mixed on Monday, continuing to grapple with global economic uncertainty. Last Friday's US jobs data, showing a significant rise in nonfarm payrolls, fueled concerns about further interest rate hikes by the Federal Reserve.
European markets are expected to start the new trading week in mixed territory Monday, as jitters over the global economy persist.European markets closed lower last Friday, as investors reacted to the latest U.S. jobs data that showed nonfarm payrolls were up by 256,000 last month — much more than the 155,000 forecast by economists polled by Dow Jones. The data subdued sentiment among global markets as it raised concerns that the U.S.
Federal Reserve would proceed with caution when it comes to further interest rate cuts. Investors in the region will continue to keep an eye on euro zone and U.K. government bond yields this week after yields climbed to fresh multi-month highs last week. This week, global markets will be focused on the U.S.' December consumer price index on Wednesday morning, after the December producer price index report on Tuesday.\Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly newsletter. The wildfires around Los Angeles are set to cost European insurance giants up to a billion euros in payouts this year. At least seven European listed reinsurance firms are expected to bear about a billion euros ($1.02 billion) of the losses over the wildfire, according to analysts at German investment bank Berenberg. In addition, JPMorgan analysts have identified at least 2 Japanese firms that are likely to be on the hook for payouts.Behind the stock sell-off and whether the bull market is at riskDonald Trum
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