European stocks flat ahead of U.S. payrolls

Madiha Shakeel September 6, 2019

European stocks opened flat on Friday after two sessions of gains, as the effect of this week’s upbeat signals on U.S.-China trade talks and European politics wore off, with investors’ attention turning to U.S. jobs data due later in the day.

The pan-European STOXX 600 index was roughly unchanged at 0715 GMT after starting marginally lower, with the exporter-heavy FTSE 100 lagging the broader market as London-listed miners fell.

Thyssenkrupp AG was the biggest gainer on Germany’s DAX index with a 1.3% gain after Finland’s Kone  said it and a private equity partner would bid for the conglomerate’s elevator business.

The DAX rose 0.3%, shrugging off data showing an unexpected fall in industrial output in July.

Copyright Reuters, 2019

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