FTSE down 0.34%; DAX down 0.16%; CAC 40 down 0.92% (Il Sole 24 Ore Radiocor) - London, 05 Sep - European shares closed mostly higher although caution prevailed as concerns about the US economy fuelled expectations that the Federal Reserve may opt for significant rate cuts.

Investors braced for the closely watched US jobs report due on Friday, that could influence the US Federal Reserve's interest rate decision.

While today data showed that private employers recorded their smallest monthly hiring growth since January 2021. Back in the region, in July 2024, seasonally adjusted retail trade volumes in the eurozone rose by 0.1% compared with the previous month while calendar adjusted retail sales were down by 0.1% compared with July 2023, according to data from European Union statistical office Eurostat.

While German industrial orders unexpectedly rose in July due to large scale orders.

Also, French president Emmanuel Macron has appointed Michel Barnier prime minister and asked him to form a "government of unity at the service of the country and the French people, according to the presidential office.

The London FTSE 100 closed down 0.34% at 8,241.71 points, the Frankfurt DAX added 0.16% at 18,620.16 points, the Paris CAC 40 fell 0.92% at 7,431.96 points, while in Milan the FTSE MIB rose 0.01% at 33,682.26 points, and in Madrid the IBEX 35 closed 0.76% higher at 11,299.18 points.

AAA-Zap

(RADIOCOR) 05-09-24 18:04:25 (0546) 5 NNNN