European markets have drifted sideways in quiet trading, while investors are already looking towards Friday’s payroll report, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
Quiet start to the week
In London the FTSE 100 hovers near the lows of the day, as European markets drift as per usual on a US holiday. August ended with stock markets shrugging off their early-month weakness, a remarkable recovery from the panic-like conditions that briefly prevailed four weeks ago.
All eyes are on the payrolls report this week, but there is a limited likelihood that markets are in for another dire number. Instead, a higher revision to last month’s figure could see the prospect of a US recession being pushed back once again.
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