Investment.com – European stock indicators stabilized on Friday in the context of cautious transactions before the monthly job report in the United States, while investors also assessed the recent decision of the European central interest rates and global trade tensions.
At 07:05 Moscow time, DAX index in Germany decreased by 0.1%, while Cac 40 in France increased by 0.1%and FTSE 100 in the UK increased by 0.2%.
U.S. job report
The sixth important event will be the announcement of a monthly report on the number of work outside the agricultural sector in the United States, a widely monitored index of the US labor market, after a series of weak economic data this week.
It is expected that the number of jobs outside the agricultural sector has increased 130,000 last month after growing 177,000 in April, while unemployment, as expected, will remain at 4.2% of the third month in a row.
A strong self can force the federal reserve politicians to think about reducing interest rates after suspending the interest rate reduction cycle since December to assess Trump's inflation impact.
Currently, the future for Fed Fed's headquarters implies a bit of probability to decrease the rate until September, although the movement at this time has been set to about 90% in price, waiting for another reduction in December.
Is ECB prepared to suspend the decrease bet?
Investors also evaluate ECB's decision to reduce interest rates on Thursday, expected to be widely.
ECB's statement claims that the eighth loan cost decision from June last year occurred when the Eurozone economy faced weakened inflation, but the uncertainty existed involved in the effects of global trade tensions.
However, the central bank also signals the approach to the end of its policy reduction cycle, showing that another decrease in July is impossible.
The ECB must stop reducing interest rates at each meeting and instead maintaining its reserve to uncertain economic prospects, the representative of ECB Martins Kazax said in an interview with Reuters.
The previous data published on Friday showed that the German industrial production volume dropped by 1.4% in April compared to the previous month, after a revised growth 2.3% in March, an increase of 3.0% was originally reported.
Trump and Xi Jinping are negotiating
The new German Prime Minister Friedrich Mertz held negotiations with US President Donald Trump on Thursday, considered to be effective, and both leaders agreed to strengthen cooperation in trade and other fields.
Add positive, Trump and Chinese president Xi Jinping organized a phone conversation at night, which did not bring anything but an agreement on the next negotiations, but could lead to a tense dialogue.
Musk and Trump will hold peaceful negotiations
In the business sector, French software development company Dassault Systemes (EPA: Dast) postponed the medium -term targeting rate in a year until 2029 in the period of weak demand in the automotive industry and uncertainty due to tariffs, putting pressure on business operations.
Tesla (Nasdaq: TSLA) will also be noticed after the Politico message that the White House assistant has planned a call with the General Director of Ilon Mask to resolve the conflict after a public argument with US President Donald Trump.
Tesla's stock was closed when it dropped more than 14% on Thursday in New York, which lost about 150 billion dollars in market value.
Already ready for weekly growth
Oil price drops on Friday due to continuous concerns about slow growth and demand, but still on the way to the first positive week in three weeks in the context of expectations that global proposals will be more limited than the original this year.
At 07:05 Moscow's time, Brent Futures fell 0.5% to $ 65.02 per barrel and the future of Western Texas intermediaries fell 0.5% to $ 63.02 per barrel.
In weekly calculations, both standards are on the way to grow after two consecutive weeks. Brent has increased by 2% this week, while WTI is traded 4% higher.
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