European markets soften after Thursday’s sharp losses; Thyssenkrupp Nucera shares up on German debut

Shares of clean energy company ThyssenKrupp Nusella rose in morning trading after the company debuted in Frankfurt.

The company was valued at around €2.5 billion ($2.7 billion) at its initial public offering, or €20 per share. Shares traded just above €20.20 early in Friday’s session.

Nucera is a joint venture between German industrial company ThyssenKrupp and Italian electrode manufacturer De Nora.

— Hannah Ward-Grenton

The June jobs report, the big event for investors to watch in this week of shortened holidays, comes out Friday at 8:30 a.m. ET.

A Dow Jones survey of economists forecast an increase of 240,000 jobs last month, suggesting a slowdown from the 339,000 increase in May. They also estimate that the unemployment rate has fallen to 3.6% compared to 3.7% in May.

Investors hope Friday’s report shows signs of slowing wage growth. Economists expect average hourly wages to rise 0.3% in June, up 4.2% from 12 months ago.

The report is particularly important for investors who have been waiting for signs that the Fed’s past 10 rate hikes are cooling the economy. The central bank has postponed a rate hike in June, but market participants expect a rate hike of a quarter of a percentage point at its July meeting, according to CME Group. fedwatch tools.

Find out more about the future developments in the June jobs report here.

–Darla Mercado, Jeff Cox

Analysts at Goldman Sachs have concluded that AI-focused stocks are seeing double- or even triple-digit gains.

In addition to disclosing the names of stocks exposed to the theme, Wall Street analysts say investors are focusing more on new technology than on its potential to boost personal and professional productivity around the world. He also said he does.

CNBC Pro subscribers can read more here.

— Ganesh Rao

Asia-Pacific’s major indices trailed Wall Street’s fall for a second day in a row as fears of a rate hike fueled investor sentiment.

Japan’s Nikkei Stock Average fell for the fourth straight quarter, trading down 0.46% and down 2.7% for the week.

Australia’s S&P/ASX 200 index fell for the third straight day, falling 1.48% on Friday afternoon. The index is down nearly 2% this week.

South Korea’s kospi has fallen 2.14% so far this week and is down 1.32% in recent trading.

Hong Kong’s Hang Seng Index has fallen 3.32% over the past five days of trading and 1% on Friday.

Singapore’s Straits Times Index has also fallen more than 2% over the past week.

— Lee Ji-hye