European Stocks Steady Ahead of US Jobs Report

European stocks and US equity futures remained unchanged on Friday, eagerly awaiting the highly anticipated US jobs data. This report will provide insights into the path of interest rates.

Key Market Movements

* Stoxx Europe 600 and S&P 500 futures showed little fluctuation.
* Amazon.com shares declined after-hours due to projected earnings below analyst estimates.
* Treasury yields edged higher.

Focus on US Nonfarm Payrolls

The subdued market movements reflect the lack of direction ahead of the US nonfarm payroll figures. The data is expected to reveal 175,000 new jobs added to the economy.

Federal Reserve Implications

Traders are focused on the underlying economic story rather than potential policy implications from the jobs report. Fed Chair Jerome Powell has emphasized the need for progress on inflation and a series of positive readings on price pressures.

Other Market News

* Treasury yields reached lows not seen since 2025.
* US Treasury Secretary Scott Bessent is seeking input from government security holders on the debt limit.
* Gold and oil rose after declines on Thursday.

Key Events

* US nonfarm payrolls, unemployment, and consumer sentiment on Friday
* Fed officials Michelle Bowman and Adriana Kugler to speak on Friday

Market Data

Stocks

* Stoxx Europe 600: Little change
* S&P 500 futures: Little change
* Nasdaq 100 futures: Little change
* Dow Jones Industrial Average futures: Little change

Currencies

* Bloomberg Dollar Spot Index: Little change
* Euro: $1.0391
* Japanese yen: 151.83 per dollar
* Offshore yuan: 7.2899 per dollar
* British pound: $1.2450

Cryptocurrencies

* Bitcoin: $96,707.71
* Ether: $2,714.12

Bonds

* 10-year US Treasury yield: 4.45%
* Germany's 10-year yield: 2.38%
* UK's 10-year yield: 4.50%

Commodities

* Brent crude: $74.80 per barrel
* Spot gold: $2,864.72 per ounce