European markets head for mixed open after U.S. jobs miss


LONDON — European stocks are expected to open in mixed territory on Monday as investors digest jobs data from the U.S. Friday which came in far short of expectations.

The U.K.’s FTSE is seen opening 9 points higher at 7,149, Germany’s DAX 5 points higher at 15,787, and France’s CAC 40 5 points lower at 6691, according to IG.

The lackluster start for Europe’s markets at the start of the trading week comes after the Dow Jones Industrial Average retreated on Friday and the S&P 500 slipped from a record high after the U.S. August jobs report came in short of expectations, showing the impact of the delta-fueled Covid resurgence.

Nonfarm payrolls increased by 235,000 in August, the Labor Department said Friday. Economists surveyed by Dow Jones were expecting 720,000 jobs.

The report marked a significant slowdown from July’s revised number of 1.053 million and comes as the delta variant of Covid-19 has led to health restrictions being put back in place in…

Read more…