Stocks pull back as traders await key economic data

Stocks fall as traders brace for key economic data

European stocks fell from record highs, and U.S. equity futures dipped as traders await key economic data that could shape central banks’ monetary policy decisions.

Stocks fall as traders brace for key economic data

European stocks fell from record highs as traders prepared for a data-heavy week that could influence central banks’ decisions on easing monetary policy. The Stoxx 600 dropped 0.5%, and Asian markets also slid due to declining Chinese factory activity and worsening property conditions.

 

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U.S. equity futures dipped after the S&P 500 nearly reached a record high last week. September has historically been tough for stocks, with rising volatility. The focus is on Friday’s U.S. jobs report, which may guide the Federal Reserve’s next rate cut decision. Markets are pricing in a possible rate cut this month.

 

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