U.S. Jobs Data Keeps Investors on the Sideline
European stocks drifted lower again Friday as the ongoing rout in global sovereign debt continues to pressure markets around the world.
European stocks drifted lower again Friday as the ongoing rout in global sovereign debt continues to pressure markets around the world ahead of what could be a pivotal employment report from the United States later in the session.
The region-wide Stoxx Europe 600 index, the broadest measure of share prices, was marked 0.26% lower at 379.39 in the opening 30 minutes of trading as investors trimmed risky equity bets and moved cash into defensive sectors such as utilities and healthcare stocks. Britain's FTSE 100 slipped 15 points, or 0.2%, while Germany's DAX performance index was seen 20 points, or 0.17% lower by 09:30 Frankfurt time.
Watch More with TheStreet:
- Meet The Women Redefining Business in TheStreet's New Series, Alpha Rising
- Why Did Warren Buffet Just Buy A Bankrupt Electric Company?
- EY: No Company Can Afford to Disenfranchise Half the Workforce
- The Clock is Ticking for Tesla's $50 Million Big Battery Bet
- Ford's 23 Year Old Engineer Has Advice For Young Girls
