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EUROPE BEFORE THE BELL: CAUTIOUS START, U.S. DATA LOOMS LARGE
European equity futures are a touch lower on Monday as investors look ahead to key risk events this week, including delayed U.S. jobs data and earnings from AI bellwether Nvidia.
Euro STOXX 50 futures STXEc1 are down just over 0.1%. The index rose 2.3% last week after the U.S. government reopened following the longest shutdown on record.
But it wasn't all plain sailing. Equities retreated at the back end of the week as investors lowered their expectations for a rate cut from the Fed next month.
This week's U.S. data, including September's delayed payrolls report, could help determine whether the Fed moves or not. Markets are currently pricing about a 40% chance of a cut.
In corporate news, Airbus AIR.PA could be in focus after the company looks set to beat Boeing to the lion's share of a major jet order from flydubai at the Dubai Airshow.
British ad firm WPP WPP.L has reportedly drawn interest from France's Havas HAVAS.AS and private equity, according to a report in the Times.
The UK's under-fire gambling stocks could also be on the watchlist after the FT reported that finance minister Rachel Reeves is planning a two-tier system for sports betting with higher taxes for wagers placed online than in physical stores.
(Samuel Indyk)
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EARLIER ON LIVE MARKETS:
NVIDIA EARNINGS LIKELY TO OVERSHADOW DELAYED US DATA CLICK HERE
Nvidia shares shining https://www.reuters.com/graphics/USA-STOCKS/WEEKAHEAD/lbpgmonelpq/chart.png