The buying interest in the European equity bourses spiked ahead of the latest nonfarm payrolls data from the US.
Scorecard
At the time of writing, the pan-European Stoxx 50 index was up 0.30%. Germany’s DAX and UK’s FTSE index were up 0.20% and 0.50% respectively. France’s CAC index was up 0.20% as well.
Norway’s Seadrill shares surged almost 15% after reports of falling US oil production hit the wires and raised the prospects of oil price recovery. In London, Glencore shares were up 5%.
The moderate gains come ahead of the US payrolls data, which is expected to show the economy added 190 jobs in February. Investors will be closely watching the US jobs report as it could singlehandedly change the course of Fed actions.
(Market News Provided by FXstreet)