European stocks are expected to open moderately higher, with both pan-European Euro Stoxx futures and Britain’s FTSE futures trading up 0.4%.
Japan’s Nikkei gained 0.2% and most other markets held firm but MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8%, due to decline in Chinese and Hong Kong shares.
Shanghai Composite fell 1.7%, on course to mark its biggest fall since March, as investors grew cautious that, with the big celebration out of way, China’s monetary policy could be tightened.
Loo also reckoned, that given the increasingly strained state of Sino-U.S. relations, some overseas investors could have been unsettled by President Xi Jinping’s warning to foreign powers during his speech to mark the Communist Party’s centenary.
MSCI’s All Country World index dipped 0.1% but stood close to an all time high hit earlier this week.
· Stock futures nudge higher ahead of key June jobs report
Futures contracts tied to the major U.S. stock indexes were mildly higher in early Friday morning trade as Wall Street awaited the key June jobs report and another glimpse at the recovering U.S. labor market.
Contracts tied to the Dow Jones Industrial Average added 59 points, while those linked to the S&P 500 and Nasdaq 100 both traded in slightly positive territory.
· European stocks inch higher as investors await U.S. jobs report
The tepid open expected in Europe follows a mixed session in Asia-Pacific, where mainland Chinese and Hong Kong stocks pulled back sharply while other major markets made modest gains.
Reference: CNBC, Reuters
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