FXStreet (Mumbai) – The stock markets across Europe suffered moderate losses on Monday as the stellar NFP report released on Friday increased the odds of tightening.

At the time of writing, the pan-European blue chip Euro Stoxx 600 index was down 0.30%. Germany’s DAX fell 0.20%, while France’s CAC was down 0.40%. The UK’s FTSE index was trading dead flat.

Among Stoxx 50 stocks, BMW ST advanced 1%. Unicredit climbed 0.5%. Meanwhile, Enel shares shed 2.03%. Shares in Sanofi and Unilever were down 1.4% each.

The Labor Department reported on Friday that the US economy added 271,000 jobs and the unemployment rate dropped to 5.0%. The data pushed up December rate hike bets to 70%. The 2-yr treasury yield rose to its highest since 2010.

In the US, the major equity index futures are pointing to a weak opening.

The stock markets across Europe suffered moderate losses on Monday as the stellar NFP report released on Friday increased the odds of tightening.

(Market News Provided by FXstreet)

By FXOpen