{"id":113769,"date":"2021-05-07T06:41:20","date_gmt":"2021-05-07T06:41:20","guid":{"rendered":"https:\/\/fin2me.com\/?p=113769"},"modified":"2021-05-07T06:41:20","modified_gmt":"2021-05-07T06:41:20","slug":"european-markets-head-for-slightly-higher-open-ahead-of-u-s-jobs-report-as-commodity-prices-surge","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/european-markets-head-for-slightly-higher-open-ahead-of-u-s-jobs-report-as-commodity-prices-surge\/","title":{"rendered":"European markets head for slightly higher open ahead of U.S. jobs report, as commodity prices surge"},"content":{"rendered":"<ul>\n<li>The U.S. Labor Department is set to publish April&#x27;s jobs report at 1:30 p.m. London time on Friday. The report carries extra significance as the Federal Reserve assesses the strength of the labor market recovery in charting its course for monetary policy.<\/li>\n<li>Results will begin to emerge Friday from local and mayoral polls across the U.K. and crucial parliamentary elections in Scotland.<\/li>\n<li>It&#x27;s another busy day for earnings in Europe with Adidas, BMW, Siemens and Credit Agricole among the major blue chips reporting before the bell.<\/li>\n<\/ul>\n<p>European markets are set for a higher open Friday as global stocks eye a positive week amid surging commodity prices, while investors await a key jobs report out of the U.S.<\/p>\n<p>Britain&#x27;s FTSE 100 is seen around 29 points higher at 7,105, Germany&#x27;s DAX is expected to climb around 68 points to 15,265 and France&#x27;s CAC 40 is set to open around 20 points higher at 6,377, according to IG data.<\/p>\n<p>Shares in Asia-Pacific broadly advanced during Friday&#x27;s trade as commodities surged to multi-year highs on optimism over the global recovery.<\/p>\n<p>Stateside, stock futures are indicating a flat open on Wall Street after the reflation trade drove the Dow to another record high during Thursday&#x27;s trading hours.<\/p>\n<p>The U.S. Labor Department is set to publish April&#x27;s jobs report at 1:30 p.m. London time on Friday. Economists polled by Dow Jones expect 1 million payrolls to have been added last month and the unemployment rate is expected to have fallen to 5.8% from 6%.<\/p>\n<p>The report carries extra significance as the Federal Reserve assesses the strength of the labor market recovery in charting its course for monetary policy.<\/p>\n<h2>Read more<\/h2>\n<p><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106879220-1620312589774-gettyimages-1207284398-UK_BAILEY.jpeg\"><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106879220-1620312589774-gettyimages-1207284398-UK_BAILEY.jpeg\"><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106879220-1620312589774-gettyimages-1207284398-UK_BAILEY.jpeg\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106879220-1620312589774-gettyimages-1207284398-UK_BAILEY.jpeg\"><\/picture>April jobs expected to top 1 million as consumers boost the economy<\/p>\n<p><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106868252-1618417719348-thai.jpg\"><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106868252-1618417719348-thai.jpg\"><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106868252-1618417719348-thai.jpg\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106868252-1618417719348-thai.jpg\"><\/picture>EU is &#x27;ready&#x27; to talk about waiving patent protections on Covid vaccines, after U.S. backs move<\/p>\n<p><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106879076-1620299537221-gettyimages-1232019249-AFP_9726XG.jpeg\"><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106879076-1620299537221-gettyimages-1232019249-AFP_9726XG.jpeg\"><source srcSet=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106879076-1620299537221-gettyimages-1232019249-AFP_9726XG.jpeg\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/106879076-1620299537221-gettyimages-1232019249-AFP_9726XG.jpeg\"><\/picture>\n<p>Back in Europe, the European Union on Thursday supported talks over waiving patent protections for Covid-19 vaccines, following a U.S. proposal that knocked pharmaceutical stocks.<\/p>\n<p>Results will begin to emerge Friday from local and mayoral polls across the U.K. and crucial parliamentary election in Scotland, which could have a significant impact on the prospect of Scottish independence.<\/p>\n<p>On the data front, German industrial output and import\/export figures for March are due before the opening bell Friday, along with French industrial output and payrolls. U.K. April PMI (purchasing managers&#x27; index) readings and Italian March retail sales and second-quarter preliminary GDP estimates will follow mid-morning.<\/p>\n<p>It&#x27;s another busy day for earnings in Europe with Adidas, BMW, Siemens and Credit Agricole among the major blue chips reporting before the bell.<\/p>\n<p><em>Subscribe <\/em><em>to CNBC PRO<\/em><em> for exclusive insights and analysis, and live business day programming from around the world.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/05\/07\/europe-markets-us-jobs-report-commodities-earnings-in-focus.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Labor Department is set to publish April&#x27;s jobs report at 1:30 p.m. London time on Friday. The report carries extra significance as the [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":113768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>European markets head for slightly higher open ahead of U.S. jobs report, as commodity prices surge - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/european-markets-head-for-slightly-higher-open-ahead-of-u-s-jobs-report-as-commodity-prices-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European markets head for slightly higher open ahead of U.S. jobs report, as commodity prices surge - Fin2me\" \/>\n<meta property=\"og:description\" content=\"The U.S. Labor Department is set to publish April&#x27;s jobs report at 1:30 p.m. London time on Friday. 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