European shares edge higher before key U.S. data

viernes 2 de septiembre de 2016 05:06 GYT
 

(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)

* Pan-European STOXX index up 0.3 percent

* Gains in utilities, pharma offset by weaker banks

* SBM Offshore plummets as Brazil prosecutors reject leniency deal

* Accor lifted by upgrade

By Danilo Masoni

MILAN, Sept 2 (Reuters) - European shares rose on Friday, but stayed within recent tight ranges as investors waited key U.S. jobs data later in the day for clues about the Federal Reserve's next interest rate hike.

The pan-European STOXX index was up 0.3 percent by 0848 GMT, following a flat close in the previous session, with gains among defensive stocks such as healthcare and utilities partly offset by weaker banks.

U.S. employment growth likely moderated in August, but was probably still strong enough to push the Federal Reserve to raise interest rates later this year.   Continuación...