London +0.2%
Germany +0.4% German factory orders beat expectations to rise 3.9% in August
France +0.2% France’s trade deficit widened slightly to €8.2 billion in August, following an upwardly revised €8.1 billion in the previous month, but below market forecasts of €8.9 billion.
Imports to France fell by 2.8% month-over-month to €59 billion.
Halifax says downward pressure on UK house prices likely to last into next year.
Former Fed vice chair Richard Clarida says the BOJ policy rate could be hiked to 0% by early 2024.
ECB board member Isabel Schnabel said in an interview published on Friday, that the central bank may need to raise interest rates again if wages, profits or new supply snags boost inflation.
The pan-European Stoxx 600 (STOXX) rose 0.5% on Friday as investor focus turned to the closely watched U.S. nonfarm payrolls report, which could have a bearing on the U.S. central bank’s near-term policy decision, as a tight labor market could compel it to keep interest rates higher for longer. Insurance stocks lead gains as most sectors and major bourses nudged into positive territory.
Coming up in the session: U.S. nonfarm payrolls data, Canada unemployment rate for September and Federal Reserve Board Governor Christopher Waller’s speech which also remains of interest.
In the bond market, the U.S. 10-year Treasury yield was up 2 basis points to 4.74%.
Germany’s 10-year yield was up 2 basis points to 2.9%
U.K.’s 10-year yield was up 2 basis points to 4.57%.
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