European stock markets open slightly higher, eyes on Trump's tariffs and US jobs figures
European stock markets rose just 0.1% before weakening, with tourism stocks falling while technology stocks rebounded. Global investors are watching the US Supreme Court's decision on Trump's tariffs and awaiting labor data.
On September 4, 2568, at 14.17:XNUMX a.m., CNBC reported that European stock markets opened slightly higher on Thursday. As investors around the world watch US President Donald Trump's tariff stance,
Stoxx 600 Index The index opened up 0.1% before easing back into the session, while tourism stocks fell 1.3% and technology stocks – which had been under pressure all week due to risk-off investment – rebounded 0.3%.
Investors are watching the tax movement after a US federal appeals court ruled last week that most of Trump's taxes were unlawful. On Wednesday night, the president filed a petition with the Supreme Court to expedite the review and decision of the appeals, seeking to overturn the lower court's ruling.
According to documents obtained by NBC News from the plaintiffs, Trump has asked the Supreme Court to hold an appeal hearing in early November and issue a final ruling on whether the tax was legal after that.
In the US market, investors await further labor data on Thursday, with the ADP private payrolls report expected to show a slowdown. Economists surveyed by Dow Jones expect the private sector to have added 75,000 jobs in August, down from 104,000 the previous month, while the latest jobless claims data is expected to show a slight increase.
These reports will come ahead of Friday's Nonfarm Payrolls report, which will play a key role in the fragile short-term direction of US stock markets.
In Asia-Pacific, most stock markets were higher overnight, boosted by Wall Street tech stocks that pushed the S&P 500 and Nasdaq Composite higher, although rising economic concerns continued to weigh on investment.
refer :www.cnbc.com
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