European stocks close lower
European stocks tumbled on Friday, benchmark indexes Stoke 600 The index fell 0.88%, with all sectors recording losses.
Germany’s DAX index fell 1.3%, France’s CAC 40 index fell 1.1%, and Britain’s FTSE 100 index fell 0.8%.
Stoxx 600 Index.
U.S. stocks open in the green on Friday
The U.S. added 303,000 jobs in March, exceeding expectations
A Nugget Markets “Now Hiring” sign is posted on the side of a Golden Gate bus in San Rafael, California, on July 7, 2021.
Justin Sullivan | Getty Images
On Friday morning, non-farm payrolls data for March came out stronger than expected, another sign of resilience in the U.S. labor market.
The U.S. economy added 303,000 jobs last month, exceeding the 200,000 expected by economists polled by Dow Jones. The unemployment rate is 3.8%.
Average hourly earnings rose 0.3% in March, up 4.1% from the same period last year. The average working hours per week is 34.4 hours.
— Jesse Pond
Ocado shares fell 8.3%
Ocado online supermarket delivery van.
Mike Camp | In Pictures | Getty Images
British online grocery retailer Ocado announced that its chairman Rick Haythornthwaite will resign next year due to increased commitments as chairman of NatWest Banking Group. The company’s shares fell more than 8% in afternoon trading.
The stock fell 8.3% as of 1:55 p.m. London time.
— Karen Gilchrist
Eurozone retail sales fell 0.5% in February
Eurozone retail sales fell 0.5% in February preliminary data Shown on Friday.
The decline was in line with economists’ expectations and marked the third straight month sales failed to grow, pouring cold water on hopes for a consumer-led recovery.
Meanwhile, the euro zone’s construction sector fell in March amid sluggish demand.
— Karen Gilchrist
Individual stock trends: Delivery Hero fell 3.6%, Neste rose 2.6%
shares delivery hero Reuters fell 3.4% in early trading Report Activist investor Sachem Head holds a 3.6% stake in the German express company and may seek to oust CEO Niklas Oestberg.
On the other hand, Finnish refiner Neste gained 2.6% as its Porvoo refinery is undergoing maintenance updates.
— Karen Gilchrist
UK house prices fall for first time in six months
Busa Photography | Moments | Getty Images
UK house prices fall 1% in March after rising for five consecutive months data Mortgage lender Halifax announced Friday.
Year-on-year, prices rose 0.3%, down from February’s 1.6% annual gain.
Kim Kinnaird, director of Halifax Mortgages, said the rate cut was not surprising given that the path to rate cuts remains uncertain.
“Financial markets have also become less optimistic about the extent and timing of base rate cuts, as core inflation is stickier than widely expected. This has prevented the decline in mortgage rates that had driven market activity at the start of the year. “she says.
— Karen Gilchrist
CNBC Pro: A slew of analysts just raised their price targets on these 6 stocks — and one is up 82%
Analysts became more bullish on six global stocks this week and raised their price targets.
The price target change comes ahead of the next earnings season in the first quarter of this year.
CNBC Pro screened global stocks that received price target upgrades from five or more analysts in the past seven days and have the potential to rise more than 25%.
CNBC Pro subscribers can read more about these six stocks here.
— Ganesh Rao
CNBC Pro: From Nvidia to Boeing: Portfolio manager reveals the stocks she likes right now
Portfolio manager Barbara Dolan has revealed some of her favorite stocks, reiterating her bullish outlook on the broader stock market.
“After several years of deep skepticism, people were reluctant to accept this bull market. But that’s what bull markets do. They make new highs,” she told CNBC.
Her top picks include top performers Nvidiathe embattled aerospace giant boeing company and more.
CNBC Pro subscribers can read more here.
— Amala Balakrishna
European Markets: Here are the opening calls
European markets opened mixed on Friday.
British FTSE 100 German index expected to open 38 points higher at 7,975 German DAX Index France rises 35 points to 18,403 CAC 2 points lower than Italy at 8,151 FTSE MIB It fell 26 points to 34,454, according to IG data.
Investors will be closely watching the latest data on euro zone retail sales and construction, as well as UK home sales.
— Karen Gilchrist
About The Author
