Indian stocks are anticipated to start on a subdued note this Friday, influenced by weakening trends in global markets as investor focus shifts to the Eurozone GDP data and the crucial U.S. jobs report expected later today.The forthcoming U.S. payrolls report is projected to shed light on the potential magnitude of the anticipated interest rate cut this month.On Thursday, the benchmark indices Sensex and Nifty closed with slight declines of approximately 0.2% each, while the rupee appreciated by 4 paise to close at 83.97 against the dollar.Asian markets displayed mixed performances this morning, with the dollar hovering near a one-week low against major currencies. Oil prices are set for their steepest weekly decline in almost a year due to demand concerns and indications of sufficient supply.Gold held steady and is on course for a weekly gain, having reached a nearly one-week high in the previous session.U.S. stocks had a mixed close overnight as private payrolls data revealed the weakest growth since 2021, intensifying fears of a slowing labor market. However, a drop in weekly jobless claims and an increase in activity in the key services sector for the second consecutive month offered traders some relief from economic concerns.The S&P 500 declined by 0.3%, marking its third straight session of losses, while the Dow Jones Industrial Average fell by 0.5%. Conversely, the tech-centric Nasdaq Composite edged up by 0.3%, breaking a two-day losing streak.In Europe, stocks continued their downward trend for the fourth consecutive day on Thursday due to growth concerns. The pan-European STOXX 600 index declined by 0.5%. Germany’s DAX ended slightly lower, France’s CAC 40 dropped by 0.9%, and the U.K.’s FTSE 100 eased by 0.3%.The material has been provided by InstaForex Company – www.instaforex.com
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