European shares bounce, still set for weekly fall
STOXX 600 up 0.6%
Reckitt jumps on U.S. trial win
Energy shares lead
Focus on U.S. payrolls
Wall St futures higher
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EUROPEAN SHARES BOUNCE, STILL SET FOR WEEKLY FALL
Major European equity markets are higher on Friday, rebounding from a three-day drop before today's U.S. jobs figures.
The pan-European STOXX 600 is up 0.6%, having fallen almost 3% in the last three trading days. The index is down over 2% this week.
Britain's Reckitt Benckiser RKT.L is the top gainer, rising after it was found not liable in a U.S. preterm formula case. Shares are up over 10% to their highest since March.
On a sector basis, oil and gas shares .SXEP lead the way higher as oil prices jumped on reports that Iran was preparing a retaliatory strike on Israel.
Britain's FTSE 100 .FTSE is up 0.5%, in line with broader markets as investors continued to digest Wednesday's budget. Gilts GB10YT=RR are falling for a third straight day, albeit more slowly than seen on Thursday.
Eyes were now turning to Friday's payrolls report, the last major data release before Tuesday's presidential election.
Hurricanes and strikes are expected to have dented job growth last month, but the unemployment rate is seen holding at 4.1%, offering assurances that the labour market remains on a strong footing.
Here's your opening snapshot:
(Samuel Indyk)
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FRIDAY'S OTHER LIVE MARKETS POSTS:
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