European stocks are set to open lower Monday morning, after stronger-than-anticipated jobs data on Wall Street tempered expectations for a Federal Reserve rate cut.
Global equities have generally been boosted by rising expectations that central banks will keep interest rates at or near record lows to boost economic growth.
Those expectations were tempered by a closely-watched U.S. labor report on Friday. Nonfarm payrolls jumped 224,000 in June, beating forecasts for 160,000, running contrary to worries that both the employment and overall growth picture was beginning to weaken.
In currency markets, the Turkish lira weakened to its lowest level since late June after the country’s central bank governor, Murat Cetinkaya — whose four-year term was due to run until…