European equity indexes fell for a third day on Friday, weighed by gloomy corporate outlooks and the prospect of US jobs data, which is expected to shed light on the chances of an early end to the Federal Reserve's ultra-easy monetary policy.
While encouraging for the global economy at large, a strong US employment report would strengthen the case for an early interest rate hike by the Fed, whose monetary largesse has helped fuel a nearly 40 per cent rally in European equities over the past two years.
At 0724 GMT, the pan-European FTSEurofirst 300 index was down 0.4 per cent at 1,344.22 points, falling for a third straight session. The euro zone Euro STOXX 50 index was down 0.3 per cent at 3,106.17 points
The Euro STOXX 50 recorded its steepest monthly loss in over a year in July, falling 3.4 per cent amid concerns about a Fed rate hike in light of strong US GDP and labour costs data earlier this week, as well as geopolitical tensions in Ukraine and the Middle East.
While encouraging for the global economy at large, a strong US employment report would strengthen the case for an early interest rate hike by the Fed, whose monetary largesse has helped fuel a nearly 40 per cent rally in European equities over the past two years.
At 0724 GMT, the pan-European FTSEurofirst 300 index was down 0.4 per cent at 1,344.22 points, falling for a third straight session. The euro zone Euro STOXX 50 index was down 0.3 per cent at 3,106.17 points
The Euro STOXX 50 recorded its steepest monthly loss in over a year in July, falling 3.4 per cent amid concerns about a Fed rate hike in light of strong US GDP and labour costs data earlier this week, as well as geopolitical tensions in Ukraine and the Middle East.
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