European Shares Seen Tad Higher At Open
RTTNews·2025-12-03 05:28

Group 1: Market Overview - European stocks are expected to open flat to slightly higher as investors await key U.S. economic data that could influence the Federal Reserve's rate decision next week [1] - Asian markets showed mixed results, with Japan and South Korea gaining while Chinese and Hong Kong markets declined due to weak services data and property stress [4] - U.S. stocks ended higher, with the Nasdaq Composite rising by 0.6%, the Dow gaining 0.4%, and the S&P 500 adding 0.3% after recovering from previous losses [7] Group 2: Economic Indicators - The ADP report on private sector employment is anticipated to show an increase of 10,000 jobs in November, following a rise of 42,000 jobs in October [1] - Reports on service sector activity, personal income and spending, and consumer sentiment are expected to attract investor attention in the coming days [2] - The delayed September Personal Consumption Expenditures (PCE) Index, the Fed's preferred inflation gauge, is due on Friday, with a hotter-than-expected reading potentially reviving concerns about elevated rates [2] Group 3: Company Performance - Marvell Technology's shares jumped over 10% after the company provided an optimistic outlook for its data [4] - American Eagle Outfitters' stock soared by 11% following strong Q3 results and an increased full-year forecast [4] Group 4: Global Economic Context - A private survey indicated that growth in China's services sector fell to a five-month low in November, contributing to bearish sentiment towards China Vanke Co., which is facing a decade-high level of bearish bets as it seeks to delay a bond repayment [5] - The dollar index decreased while gold prices increased as investors prepared for a widely expected Federal Reserve interest-rate cut next week [5]

Marvell Technology-European Shares Seen Tad Higher At Open - Reportify