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LONDON, Nov 6 (Reuters) - European stocks were seen opening flat on Friday, with many investors focusing on U.S. jobs data later in the day, for a sense of whether or not the U.S. Federal Reserve may raise interest rates next month.
Financial spreadbetters expected Britain’s FTSE 100 to open up by 3-12 points, or flat to 0.2 percent higher.
Spreadbetters also gave a range for Germany’s DAX opening between down by 7 points and up by 12 points, representing a possible fall or gain of 0.1 percent at the open, while they gave a range for France’s CAC 40 to open from 7 points down or 1 point up at the open, marking a flat to slightly weaker start for the Paris market.
Federal Reserve Chair Janet Yellen and New York Fed President William Dudley said this week that the U.S. was ready for higher interest rates if upcoming economic data justified them.
The median forecast for October nonfarm payrolls in a Reuters poll of economists is an increase of 180,000, above slightly sluggish job growth of 142,000 in September. The data is due at 1330 GMT. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Asia shares falter as markets await Fed policy clues from job data > US STOCKS-Wall St slips after mixed earnings as jobs report looms > Nikkei edges up as yen weakens ahead of crucial U.S. jobs data > TREASURIES-Two-year yields hit 4-1/2-year highs ahead of U.S. jobs data > FOREX-Dollar hovers near 3-mth high, U.S. jobs awaited for rate clues > PRECIOUS-Gold hovers near 8-week low ahead of U.S. jobs data > METALS-Copper steadies near 5-week low ahead of U.S. jobs data > Crude oil prices edge up; but oversupply, strong dollar drag
A dam holding back waste water from an iron ore mine in Brazil that is owned by Vale and BHP Billiton burst on Thursday, devastating a nearby town with mudslides and leaving officials in the remote region scrambling to assess casualties.
BASF is putting its steel coatings business up for sale, in a deal that could value the business at up to about 500 million euros ($540 million), several people familiar with process said.
A group of investors has written to EU policymakers calling for tougher rules to control testing of car emissions as the best means of preserving shareholder value. The European Union last week agreed a compromise on new testing rules that allows vehicles to carry on emitting more than twice official pollution limits, despite the outcry caused by the Volkswagen emissions scandal.
Lufthansa’s main cabin crew union said a week-long strike would start on Friday at the German carrier, after last-minute talks between staff and management over early retirement benefits and pensions broke down.
Telecom Italia has decided to go ahead with a conversion of its more than six billion saving shares into ordinary stock to raise cash, in a move which would dilute the grip on the company of its two French investors.
Volkswagen’s luxury diesel cars in Europe are fitted with the same software that American regulators say was used to cheat emissions tests in the United States, the carmaker said on Thursday. (Reporting by Sudip Kar-Gupta)