European Factors to Watch-Shares seen rebounding, U.S. jobs data eyed
LONDON Dec 5 (Reuters) - European shares were expected to rebound on Friday, recouping some of the sharp losses suffered in the previous session, as investors positioned for strong U.S. jobs data, which would underpin expectations about growth in the world's largest economy.
Futures for the Euro STOXX 50 equity index, Germany's DAX and France's CAC were up between 0.8 percent and 1.1 percent at 0725 GMT.
U.S. employment growth likely accelerated a bit in November. Nonfarm payrolls probably increased by 230,000 jobs last month after rising by 214,000 in October, according to a Reuters survey of economists.
Analysts warned that a number too far above consensus would trigger speculation about an early rate hike by the Federal Reserve.
"Anything above 200k without being too close to 300k and risking a sooner rate hike from the Fed should be supportive of stock markets," Jasper Lawler, a market analyst at CMC Markets, said.
The Euro STOXX 50 index of euro zone blue chips fell 1.7 percent on Friday, after the European Central Bank stuck to its line that it would decide early next year on further measures, sparking a bout of profit-taking.
The index was down 1.8 percent from its close the previous Friday, setting it on course for its first weekly loss since mid-November.