European stocks fall as Japan rises on US jobs outlook
European stocks declined despite the Nikkei rising in Tokyo, driven by gains in SoftBank Group shares. Investors are awaiting the August U.S. jobs report, which will determine the Fed's future monetary policy direction. Additionally, Volkswagen announced a plan to cut 50,000 jobs, confirming its focus on restructuring efforts that include workforce reductions. Meanwhile, expectations are rising that the Bank of Japan will raise interest rates to 1.25%, and Japanese government bond yields have fallen. In this context, oil prices increased to nearly $96 per barrel, marking the biggest weekly gains since mid-July, due to concerns over renewed inflation pressures and tensions related to the Iran war.
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