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August 7 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Friday, Aug. 7:

1. -- U.S. stock futures are slipping as investors ready for the nonfarm payrolls report, a major economic indicator, Friday morning.

European stocks were little changed on Friday, largely recovering from early losses on disappointing German economic data, as investors waited for non-farm payroll figures from the U.S.

In Frankfurt, the DAX was down 0.12%, and in Paris, the CAC 40 was down 0.7%. In London, the FTSE 100 was down 0.01%.

Asian stocks were mixed on Friday. In Tokyo, the Nikkei 225 closed up 0.29% and the Topix gained 0.34%. In Hong Kong, the Hang Seng closed up 0.73%. In mainland China, the Shanghai Composite closed up 2.26%.

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2. -- The economic calendar in the U.S. on Friday includes the nonfarm payroll employment situation report at 8:30 a.m. and the consumer credit report at 3 p.m.

3. -- U.S. stocks on Thursday fell ahead of the Friday jobs report as Tesla and 21st Century Fox stocks sank.

The Dow Jones Industrial Average fell 0.69% to 17,419.75. The S&P 500 dropped 0.78% to 2,083.56. The Nasdaq flopped 1.62% to 5,056.44.

4. -- The highly important jobs report comes out Friday at 8:30 a.m. Economists at Econoday expect an unemployment rate of 5.3%, unchanged from the...