📉 𝗘𝘂𝗿𝗼𝗽𝗲 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗦𝗹𝗶𝗽𝗽𝗲𝗱 𝗔𝗻𝗱 𝘁𝗵𝗲 𝗥𝗲𝗮𝗹 𝗧𝗿𝗶𝗴𝗴𝗲𝗿 𝗪𝗮𝘀𝗻’𝘁 𝗘𝘂𝗿𝗼𝗽𝗲
Friends European stocks started the day calm even flirting with record highs.
Then sentiment flipped fast.
The Stoxx 600 erased gains and closed down 0.8%, and the reason came straight from across the Atlantic 👀
🇺🇸 U.S. jobs data sent shockwaves ADP private payrolls showed just 22,000 new jobs in January a huge miss.
With the official NFP delayed, markets are now glued to every secondary signal like Jobless Claims and JOLTS.
The message investors heard?
👉 The U.S. labor market may be cooling faster than expected.
🏦 Central banks didn’t save the mood Both the ECB and Bank of England held rates steady, but their tone stayed cautious.
Sticky inflation + uneven growth = no dovish relief rally.
⚡ Big names added pressure
• Shell fell 1.6% after weak earnings
• BBVA dropped 4%, dragging Spanish banks despite reporting higher profits
• Even strong results from BNP Paribas couldn’t lift the sector
📌 The takeaway Global markets are reacting less to local news and more to what the U.S. economy signals next.
Right now, labor data is the market’s heartbeat.
If U.S. job weakness continues risk assets everywhere could feel it.
Do you think this pushes central banks closer to rate cuts or is the market overreacting too early?👇💬
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