European Factors to Watch-Shares seen higher awaiting U.S. data
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LONDON Oct 2 (Reuters) - European shares were seen opening higher on Friday, following slight gains on Wall Street and Asia overnight, with investors awaiting for U.S. labour data this afternoon for clues about timing of a rate hike.
Futures on the euro zone's blue-chip Euro STOXX 50 index rose 0.9 and Germany's DAX future gained 0.8 percent. Futures on France's CAC were up 1 percent while Britain's FTSE futures rose 0.4 percent.
U.S. employers likely added jobs at a brisk pace in September, a sign that the labor market is near full strength and could push the Federal Reserve to raise interest rates at one of its two remaining meetings this year.
"There's a lot of focus being paid to today's U.S. labour data. However, in the grand scheme of things were still bouncing around the lows of the year, and the sellers are just waiting to get today over with on the off chance that something particular bullish comes out, before apply the downward pressure again," said Jonathan Sudaria, deal at London Capital Group Dealer.
The gains expected on Friday may help European indexes end the week little changed. The pan-European FTSEurofirst 300 index is down 0.7 percent so far this week.