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European Shares Set For Weak Open As Investors Await US Jobs Report

December 2, 2022

European stocks are seen opening slightly lower on Friday, as caution prevails ahead of the closely watched U.S. monthly employment report for November, due out later in the day.

Economists expect employment to jump by 200,000 jobs in November after an increase of 261,000 jobs in October. The jobless rate is expected to hold at 3.7 percent.

A cool-off in employment figures would be a welcome sign for Federal Reserve officials who have more work to do in tightening policy.

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