european stocks muted as they head for the worst weekly loss in a month as underwhelming earnings reports hurt sentiment while investors await the us monthly labor report the stoxx europe 600 fell 01 at 809 am in london media and real estate stocks were laggards while travel  leisure outperformed wpp plc shares slumped after it cut its revenue guidance for the full year citing lower sales in the us from technology clients betting stocks entain plc and flutter entertainment plc were leading gainers in the travel  leisure index after us peer draftkings inc posted a sales beat and it raised its forecast for the year among individual movers credit agricole sa rose after the regionalbank holders are planning to increase their stake as the company reported a surge in profit for the secondquarter meanwhile ap mollermaersk as a bellwether for the world economy slipped after it lowered its estimate for global container trade in date investors await the closely watched us jobs report on friday which is projected to show employers boosted payrolls by 200000 in july while unemployment held at a historically low 36 and hourly pay cooled meanwhile in germany factory orders unexpectedly jumped the most in three years in june a sign that europe’s largest economy is stabilizing the start of august has been tumultuous for equity markets as bond yields surged after the us government ramped up its debt issuance to help finance a surge in budget deficits so alarming it prompted fitch ratings to cut the government’s aaa credit rating as a more cyclical market european stocks are showing more stress than the us with onemonth implied volatility on the euro stoxx 50 spiking to its highest level since march “us employment data will be important in his press conference fed chair powell reiterated the importance of labor and inflation data a strong us labor report could push bond yields further up which would be a headwind to a strong rally” said rajeev de mello a global macro portfolio manager at gama asset management sa “a weak labor number would remove some of the recent bond induced stress”   airlines and other travellinked stocks after booking reported secondquarter revenue that beat analysts’ estimates reflecting strong demand for travel despite higher prices for flights and accommodations   european stocks exposed to apple after the iphone maker posted its third straight quarter of declining sales and predicted a similar performance in the current period hurt by an industrywide slump that has sapped demand for phones computers and tablets for more on equity markets   no summer lull for mideast ipos as pipeline builds up ecm watch   us stock futures gain on upbeat amazon earnings before jobs data you want more news on this market click here for a curated first word channel of actionable news from bloomberg and select sources it can be customized to your preferences by clicking into actions on the toolbar or hitting the help key for assistance to subscribe to a daily list of european analyst rating changes click here