European stocks extend losses ahead of NFP

The stocks on the European bourses opened on a negative note and extended losses on Friday, largely tracking the downbeat sentiment on the Wall Street overnight, in response to looming uncertainties surrounding the US elections next week.

Moreover, calm has spread across the financial markets, in a typical risk-off mode ahead of the US payrolls data, keeping investors away from risky assets such as the equities.

While ongoing bearish momentum in oil prices weighs on the energy and resource stocks, dragging the region’s indices lower.

Germany's DAX 30 index drops -0.91% to 10,231 levels, while the UK's FTSE 100 index loses –1.29% to 6,702. Among the other indices, the French CAC 40 index declines -1.30% to 4,375, while the pan-European Euro Stoxx 50 index falls -0.91% to 2,950 levels.

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