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European stocks are likely to open a tad lower on Friday as investors await cues from key U.S. jobs data due later in the day. <\/p>\n
Asian markets<\/span> advanced on renewed China stimulus expectations and hopes for a soft landing for the U.S. economy<\/span>.<\/p>\n Federal Reserve governors Christopher Waller and St. Louis Fed President James Bullard on Thursday backed another big interest-rate rise in July but said they think recession fears are overblown.<\/p>\n Meanwhile, U.S. President Joe Biden will discuss possible reductions in U.S. tariffs on Chinese goods in a meeting with his advisers set for today, the Bloomberg reported. The White House appears to be split on whether or not to list Trump-era tariffs.<\/p>\n The Japanese yen rose against the dollar after reports that former Prime Minister Abe was shot in the chest and taken to a hospital. <\/p>\n The British pound was on course for its best week in more than two years on the ailing euro after the resignation of Prime Minister Boris Johnson.<\/p>\n Gold was marginally up while oil added to overnight gains on signs of tight supply.<\/p>\n U.S. stocks rose for a fourth straight session overnight as a falling trend in commodity prices tempered investor expectations over inflation and interest-rate hikes.<\/p>\n The Dow rallied 1.1 percent, the S&P 500 jumped 1.5 percent and the tech-heavy Nasdaq Composite surged 2.3 percent.<\/p>\n European stocks ended on a buoyant note Thursday, as Samsung issued a solid second-quarter earnings outlook and the June FOMC meeting minutes reaffirmed the U.S. central bank’s intent to get prices under control to address stubborn inflation.<\/p>\n The pan European Stoxx 600 climbed 1.9 percent, extending gains for a second day running. The German DAX soared 2 percent, France’s CAC 40 index added 1.6 percent and the U.K.’s FTSE 100 rose 1.1 percent. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n