European markets are signalling a lower open after a late reaction to worse than expected US job data on Friday. Shares in Asia drifted lower overnight, snapping a nine day winning streak, pulled down by technology stocks. Tencent Holdings led shares lower in the Hong Kong, dropping over 4%.
Early data from Germany showed that industrial production rose 0.4 percent in February, slightly higher than the 0.3% forecast. They also revised last month’s figure up to 0.7%, signalling Europe’s biggest economy is still strengthening.
Brent crude was in decline for the first time in three days after Libyan rebels agreed to open two oil export ports following talks with the government. Brent was down just under a $1 to 10585