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European Shares May See Cautious Gains Ahead Of US Jobs Report

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

European stocks are likely to open higher on Friday, as investors react to upbeat U.S. earnings and await the all-important monthly jobs report later in the day for more clues on the Federal Reserve's next moves in its campaign against high inflation.

Apple earnings topped estimates on record services revenue while Amazon saw its biggest earnings beat since its report for the fourth quarter of 2020.

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Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.