Stocks, data, earnings, breaking news
European markets look set to start the week on a negative note and are set to open flat-to-lower on Monday.
London’s FTSE is expected to open 2 points lower at 7,065, Germany’s DAX down 39 points at 15,653, France’s CAC 40 down 13 points at 6,500 and Italy’s FTSE MIB 1 point lower at 25,520, according to IG.
The cautious start for European stocks follows similar sentiment elsewhere. In Asia-Pacific overnight, markets were mixed as investors reacted to Chinese trade data for May.
China’s exports in dollar terms rose 27.9% in May as compared with a year earlier, according to customs data released Monday. That was lower than forecasts by analysts in a Reuters poll for a 32.1% year-on-year jump in exports.
Meanwhile, U.S. stock futures were flat Monday morning as investors digest the latest labor market data and look ahead to the next inflation reading on Thursday.
Friday’s jobs report