TAG Immobilien hits record low on capital hike plan
U.S. nonfarm payrolls report due at 1230 GMT

July 8 Reuters European shares were muted on Friday, weighed down by miners as copper prices retreated on concerns over latest COVID19 curbs and flareups in China, while investors also maintained a cautious stance ahead of monthly U.S. jobs data.

The continentwide STOXX 600 index was down 0.1, after climbing 3.6 in the previous two sessions.

Europe39;s basic resources sector fell 1.6, a day after surging 5.4 on hopes of further Chinese stimulus.

Globally, sentiment was jolted after former Japanese Prime Minister Shinzo Abe was shot while campaigning for a parliamentary election, driving up bids for the safehaven yen. 

Stocks have remained volatile this year as investors debated whether market valuations have turned attractive after a sharp selloff on concerns central banks could trigger a recession with aggressive rate hikes to tame inflation.

Minutes of the European Central Bank39;s June meeting showed on Thursday that policymakers debated flagging a larger interest rate hike for July, while two of the U.S. Federal Reserve39;s most vocal hawks supported another 75basispoint rate increase later this month.

I certainly don39;t think that equities in the near term will have much relief especially when you consider how rapidly monetary policy is going to be tightening not just in the U.S, but in Europe as well, said Michael Brown, head of market intelligence at Caxton….