European shares trade higher ahead of US jobs data

On the trade front, President Donald Trump said on Thursday that trade talks with China were “moving right along,” Reuters reported.

Dec 06, 2019 10:12 IST India Infoline News Service

European stocks edged higher on Friday ahead of US employment data as investors sought signs of trade developments between China and the US.

The Stoxx 600 traded 0.3% higher led by banking and tech stocks.

Marks and Spencer was 3% higher after a trading update from fellow U.K. firm AB Foods.

On the trade front, President Donald Trump said on Thursday that trade talks with China were “moving right along,” Reuters reported. However, Trump said earlier this week that the deal may be closed only until after the presidential election in November 2020.

Oil prices rose after OPEC members agreed to another cut in output during the first quarter of 2020 as the OPEC meet enters its second day in Vienna.

Germany’s industrial output fell unexpectedly in October by 1.7% vs. the widely expected 0.1% rise in activity. France, on the other hand, witnessed a drop of 4.73bn euros in its trade deficit. 

In the UK, the leaders of the Conservative and Labour parties are set to have their final TV debate Friday ahead of the December 12 election.

France is in the midst of a general strike which entered its second day as public sector workers protested against the pension system overhaul.

Asian stocks ended higher with the Hang Seng up 1.07%, China's Shanghai Composite up 0.43%, and Japan's Nikkei 225 rising 0.23%.

Related Story