European equities trading lower today ahead of the important Non-Farm Payrolls are expected to have increased by 160,000 in June. This would mark an increase from May’s weak 75,000 gain. The unemployment rate is expected to remain at a 49- year low of 3.6%. Earlier today factory orders shrunk to 2.2 percent m/m for May, much worse than analysts’ expectations of -0.1 percent just to reaffirm the dismal economic environment in Germany and in the EU also. The figure for April was at +0.3 percent. As of writing the DAX 30 is 0.18 percent lower at 12,607 the CAC 40 in Paris is 0.27 percent lower at 5,606, in London the FTSE 100 gives up 0.30 percent at 7,580.
In Wall Street, the futures trading lower, the Dow futures are 0.12 percent lower at 26,937 while the S&P futures are 0.17 percent lower, signaling a slightly negative start for U.S. equities.Don’t miss a beat! Follow us on Twitter.