European markets are called to open lower this morning.
Asian stocks fell, paring the biggest weekly gain since March, and U.S. and U.K. index futures dropped ahead of an American jobs report that may show unemployment exceeds 9 percent. Copper fell for a second day and oil declined.
Stocks ended Thursday’ session solidly lower, as weakness in financial shares offset a stronger-than-expected manufacturing report that initially eased some investor jitters.
Events this week
Friday: The week culminates with the Labor Department’ August jobs report, which will be released at 8:30 a.m. ET. Economists expect unemployment to stay steady at 9.1%. Payrolls are forecast to grow by 75,000 jobs in August below last month’ 117,000.
Analyst will also keep an eye out for Campbell Soup (CPB, Fortune 500), which reports quarterly results before the open.