European Market Updates

European Shares Inch Higher On Bets Of Peak Interest Rates

European stocks traded higher on Friday as weak U.S. economic data released overnight spurred bets that the Federal Reserve was done with its rate hikes for the year.

The monthly U.S. jobs report is likely to be in the spotlight today, with economists expecting employment to increase by 180,000 jobs in October after an increase of 336,000 jobs in September. The unemployment rate is expected to remain at 3.8 percent.

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by RTTNews Staff Writer

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