European markets flat ahead of U.S. jobs report

[Global Communication]
imaginima

London (UKX [https://seekingalpha.com/symbol/UKX]) +0.12% to 9,239, UK retail sales rise 1.1% Y/Y in July [https://seekingalpha.com/news/4492581-uk-retail-sales-rises-11-yy-in-july#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title]

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.12% to 23,789, German factory orders fell 2.9% in July, the steepest drop since January and a reminder of persistent weakness in industrial demand.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.16% to 7,711, France trade balance improves in July. [https://seekingalpha.com/news/4492585-france-trade-balance-improves-in-july#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title]

Retail sales turnover in Italy was unchanged from the previous month in July.

Retail sales in the Czech Republic rose by 2.5% Y/Y in July.

Wholesale prices in Austria rose by 0.2% Y/Y in August.

Slovakia’s economy grew by 0.6% Y/Y in Q2.

Industrial production in Hungary fell by 1% Y/Y in July.

Switzerland’s consumer confidence index fell to -40 in August.

Austria’s trade balance posted a deficit of EUR 1,015.6 billion in June.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] turned 0.38% higher at 552.2 on Friday as investors await a key U.S. jobs report that’s likely to set expectations for an upcoming Federal Reserve interest rate cut. Equities and bonds sold off globally earlier in the week amid fears over governments’ high debt loads and fiscal plans.

COMING UP IN THE SESSION: Euro Area GDP expected shortly.

IN THE BOND MARKET, the U.S. 10-year Treasury yield was down 1 basis point to 4.17%.

Germany's 10-year yield was down 1 basis point to 2.71%.

UK's 10-year yield was down 1 basis point to 4.71%.

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