European Stocks Open Higher Ahead Of US Jobs Data
London – European Stocks Open Higher Ahead Of US Jobs Data, European shares opened higher on Friday amid gains in all sectors as investors awaited US jobs data on Friday afternoon to derive indicators on the timing of a rate hike.
The European FTSEurofirst 300 index rose 0.9 percent Euro Stoxx 50 index of leading shares of the euro area 1.1 percent following a decline on Thursday.
Technology shares led the gains sectors and telecommunications companies rose after losses in the previous session. And Telecom Italia shares rose 1.7 percent after sources said the French media group Vivendi took steps to increase its stake in the Italian telecommunications group to 19 percent.
But Experian shares declined four percent after the largest to monitor consumer credit company in the world revealed a significant breach of personal data for about 15 million people.
It is likely that employers Americans have increased jobs at a rapid pace in September, which would be an indication of the approach of the labor market than full strength could prompt the Federal Reserve (Fed) to raise interest rates in a social remaining this year.