No clear direction in Europe, waiting for the US employment data

No clear direction in Europe, waiting for the US employment data

*FINANCIAL MARKETS*

Euro STOXX 50 futures were down 7 points to 3,425, FTSE futures down 15 points to 6,995.5 and German DAX futures down 17 points to 12,478 by 0430 GMT.

Asian stocks fell, extending the decline in global equities for a third day, as investors fretted about recession risks amid signs of further tightening by central banks.

Oil prices stabilized ahead of major economic data releases in the United States, after rising more than 1% in the last session on OPEC+ production target cuts.

MACROECONOMIC DATA

Germany will publish the import price index for August, the UK will publish the Halifax house price index for September and France will publish the trade balance for August. The main focus of the day will be on the September unemployment figure for the US.

*BUSINESS*

The Algerian Sonatrach and Naturgy sign an agreement on the price of gas in 2022; CVC continues at Naturgy and leaves GIP alone on the exit ramp (Five Days)

Endesa and Alcoa sign a 10-year PPA for energy supply in Galicia

Duro Felguera will carry out a staff adjustment procedure that will affect 208 employees

Cobra (ACS) and Sener will build the first German regasification plant

Companies will pay 7.7% more for Corporation Tax in 2023

Shell expects profit to be affected by falling refining margins and lower gas business

Moody’s expects Credit Suisse’s losses to rise to $3 billion by the end of the year

Samsung registers a 32% drop in its quarterly operating profit, with figures lower than expected

A Delaware judge orders a halt to Twitter’s lawsuit against Elon Musk, which must close before October 28

*ECONOMY AND POLITICS*

US job growth likely slowed in September as rapidly rising interest rates make businesses more cautious about the economic outlook, but labor availability in the labor market remains tight. reduced, which provides the Federal Reserve with arguments to maintain its aggressive monetary policy tightening campaign for a while.

The United States is “reviewing a number of response options” regarding its relationship with Saudi Arabia after Riyadh and other OPEC+ nations agreed this week on big cuts in oil production, Secretary of State Antony said on Thursday.

Peru’s central bank raises interest rates to 7%

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