European stocks are seen opening on a sluggish note Thursday as investors brace for the U.S. jobs report, due Friday for important clues on the Fed's rate trajectory.
Economists currently expect U.S. employment to increase by 185,000 jobs in November after an increase of 150,000 jobs in October. The jobless rate is expected to hold at 3.9 percent.
As inflation concerns ease, investors are pinning hopes that the Federal Reserve will cut interest rates as early as the first quarter next year.
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Market Analysis
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.