European Shares Struggle For Direction Ahead Of ECB Lagarde's Speech

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(RTTNews) - European stocks struggled for direction on Monday as investors awaited speeches from ECB policymakers including chief Christine Lagarde later in the day for interest rate guidance.

Lingering concerns over potential impacts from U.S. President-elect Donald Trump's global economic policies also served to keep underlying sentiment cautious.

The pan European STOXX 600 was down 0.3 percent at 501.67 after falling 0.8 percent on Friday.

The German DAX and France's CAC 40 both slid around 0.2 percent, while the U.K.'s FTSE 100 was up 0.1 percent.

The EUR/USD consolidated above 1.0500 ahead of key regional inflation data and euro zone November flash PMIs due later in the week.

Nvidia, the world's most valued company by market capitalization will declare its third quarter results on Wednesday, with traders watching for guidance about the company's demand for its Blackwell AI chips.

In corporate news, Dutch technology investor Prosus rallied 1.2 percent and Naspers, the owner of Takealot, Media24 and more, gained 1.6 percent after posting better-than-expected interim earnings.

Melrose Industries, the owner of aerospace parts maker GKN Aerospace, jumped 9 percent in London after reporting a 7 percent rise in revenue for the four-month period ended Oct. 31 and reiterating outlook for the rest of the year.

AstraZeneca fell more than 1 percent despite receiving EU approval for its lung cancer drug.

Elementis gained 1 percent. The specialty chemicals firm announced that its chief executive officer Paul Waterman would step down following nine years at the helm.

Vivendi SA shares were down about 1 percent. The French media company today announced its expectations for its audio, visual content provider Canal+, and public relations firm, Havas SA. The two units are scheduled to be listed next month.

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Swiss Market Ends On Firm Note

Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.

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European Markets Recover From Multi-month Lows, Close On Positive Note

A day after falling to multi-month lows, European markets rebounded fairly strongly on Friday as oil prices fell sharply and bond yields dropped, easing concerns about inflation and interest rates a bit.

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Canadian Market Remains Firmly Up In Positive Territory

The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.

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U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.

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U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.

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Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.

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Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.

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Bay Street Headed For Positive Start

Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well. U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.

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EURUSD	1.1253	GBPUSD	1.3241
USDJPY	157.845	USDCAD	1.4248