European stock markets are expected to dip from their recent record highs as investors await key corporate earnings reports, monetary policy updates, and crucial U.S. jobs data. London's FTSE 100, Germany's DAX, and France's CAC 40 are all anticipated to open lower after experiencing a surge earlier in the week driven by company earnings and a Bank of England interest rate cut.
European markets are poised for a decline from their record highs when trading resumes on Friday, as corporate earnings, monetary policy , and crucial U.S. jobs data remain in the spotlight. London's FTSE 100 is anticipated to open 24 points lower at 8,712 points, according to IG. The German DAX index is projected to open 17 points lower at 21,897, based on IG's data, while the French CAC 40 is expected to decrease by 24 points to open at 7,998 points.
This downward trend follows a period of erasing losses earlier this week when the emergence of a potential U.S.-China trade war rattled global markets. The recent highs were propelled by a wave of company earnings reports and a rate cut by the Bank of England. The central bank signaled on Thursday that further cuts are likely on the horizon in 2025. However, it also halved its growth projection for Britain, reducing its 2025 growth forecast from 1.5% to 0.75%. Officials reiterated on Thursday that even if the U.K. manages to circumvent U.S. President Donald Trump's tariff regime, a trade war between the U.S. and another significant economy 'will have an effect' on Britain.Friday will witness the release of January U.S. jobs data, scheduled for publication at 8:30 a.m. ET. Economists surveyed by Dow Jones anticipate nonfarm payrolls growth to have moderated to 169,000 new jobs in January, down from the 256,000 jobs added in December. The Dow Jones survey also indicates that economists expect America's unemployment rate to remain stable at 4.1%. In Europe, data releases will encompass French and German import and export figures, house price data from the U.K., and an industrial production report from Spain
European Markets Stock Market Earnings Reports Monetary Policy U.S. Jobs Data Trade War
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