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European stocks seen higher ahead of US jobs report

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European stocks are set to open higher Friday morning as investors await employment data out of the U.S. and monitor trade developments between Beijing and Washington.

said Thursday that trade talks with China were "moving right along," according to Reuters. However, earlier this week, the U.S. president said that it might be better to wait until after the presidential election in November of next year to finish a trade deal with Beijing. Meanwhile, spokespersons for theMeanwhile, oil prices rose Thursday after OPEC members agreed in principle to another cut to output during the first quarter of 2020.

On the data front, there will be French trade balance numbers due at 7:40 a.m. London time; Italian retail sales due at 9 a.m. London time; and payroll figures due in the U.S. at 1:30 p.m. London time. In the U.K., the leaders of the Conservative and Labour parties are set to have their final TV debate Friday ahead of the December 12 election. In France, a general strike is carrying on to a second day as public sector workers protest against changes to the pension system.

 

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