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(For a Reuters blog on U. S. stock markets)USA, UK and Europe, click LIVE/ or type LIVE/ in a news window)
July 8 (Reuters) – European stocks were largely cushioned on Friday by losses through miners, while copper costs fell due to considerations about China’s COVID-19 restrictions, while investors were wary of monthly U. S. employment data. USA
The six-hundred-hundred-year-old STOXX continental index was down 0. 2% at 07:09 GMT, after rising 3. 6% in the last two sessions.
Europe’s core resources fell 1. 5% to boost loss-making sectors, a day after jumping 5. 4% on China’s stimulus hopes.
Globally, sentiment faltered after former Japanese Prime Minister Shinzo Abe was shot dead while campaigning for parliamentary elections, raising bets for the yen as a safe haven.
The U. S. Nonfarm Payroll ReportThe U. S. treasury, which is expected by 12:30 GMT, will show that job expansion likely slowed in June and that the unemployment rate remained unchanged at 3. 6 percent, underscoring a tight hard labor market that could inspire the Federal Reserve to raise interest rates. through another 75 issues of foundations later this month.
Swedish Match AB rose 1. 3% after a media report that activist investment firm Elliott Investment Management is acquiring a stake in the tobacco and nicotine maker.
(Reporting via Devik Jain in Bengaluru; Editing via Rashmi Aich)