Stocks Off The Flat Line After Soft Start, US Jobs Data Eyed – Investing.com UK

Stocks Off The Flat Line After Soft Start, US Jobs Data Eyed – Investing.com UK

European stock markets showed some signs of wanting to kick on after shrugging off some early weakness at the start of the session. The is handicapped to the tune of 13pts already due to ex-dividend factors but the overall tone was initially one of caution as yesterday’s jobs miss has investors looking ahead to tomorrow’s . Slightly hawkish chatter around the European Central Bank is also maybe leading to some caution, whilst there is yet further evidence of China’s crackdown on tech firms as it hauls up 11 ride-hailing for ‘illegal behaviour’. After an hour’s trade the main bourses were trading with a bit more confidence, up by around 0.1-0.2%, but still stuck in recent ranges.

Wall Street ended the day largely flat with defensive/bond proxies real estate and utilities leading the gainers, whilst risk-on sectors like energy and financials were the weakest. yields at 1.30% in the middle of the week’s range. Note continued rotation into mega cap tech with Apple (NASDAQ:) and Alphabet (NASDAQ:) hitting record highs and lifting the to another all-time peak, though both stocks pared gains to finish off their highs. Reopening did better in Europe yesterday as the outperformed.