European Factors to Watch-Shares seen higher, focus on U.S. jobs
(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report)
LONDON, June 3 (Reuters) - European shares headed for a higher open on Friday, mirroring gains on Wall Street and in Asia, with investors' focus shifting to U.S. jobs data later in the session for hints about the market's direction in the short term.
Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were 0.2 to 0.4 percent higher by 0652 GMT.
Asian shares also advanced as investors looked to widely-followed U.S. employment report that could add to or detract from the case for a Federal Reserve interest rate hike this month or in July.
Nonfarm payrolls probably increased by 164,000 jobs in May after rising by 160,000 in April, according to a Reuters survey of economists. The jobless rate is forecast slipping one-tenth of a percentage point to 4.9 percent.
The U.S. central bank has signaled its intention to raise rates soon if job gains continue and economic data remain consistent with a pickup in growth in the second quarter.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5 percent, while Japan's Nikkei gained 0.4 percent.
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