European stocks are expected to open in mixed territory on Monday as investors digest jobs data from the U.S. last Friday which was far short of expectations.
The lackluster start for Europe's markets at the start of the trading week comes after the Dow Jones Industrial Average retreated on Friday and the S&P 500 slipped from a record high after the U.S. August jobs report came in short of expectations, showing the impact of the delta-fueled Covid resurgence.the Labor Department said Friday. Economists surveyed by Dow Jones were expecting 720,000 jobs.
The report marked a significant slowdown from July's revised number of 1.053 million and comes as the delta variant of Covid-19 has led to health restrictions being put back in place in some states and cities. Federal Reserve Chairman Jerome Powell has emphasized the need for more strong jobs data before the central bank would start to unwind its massive bond-buying program, and
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