FTSE +4 points at 7,551
DAX +5 points at 12,827
CAC -7 points at 5,336
European stocks look set for a mixed start on Monday as investors digest last week’s soft US jobs report, another terror attack in London in the run up to the UK election and a jump in oil prices after a breakdown in Middle East diplomacy. Like everyone else, city workers are back in London despite the weekend’s atrocity.
There has been little movement in FX markets during the Asian session, but volatility could pick up once service PMIs are reported in the morning. UK Services are expected to slow to 55 from 55.8 in May whilst Eurozone services is expected to remain steady at 56.2.
Gold struck $1280 per oz for the first time since April 20 in early trading but later slipped back from its highs. The price of oil could be on the verge of another recovery with political tensions between Saudi Arabia and Qatar a potential threat to supply out of the Strait of Hormuz.