European Shares Seen Up Ahead of US Jobs Data

European shares looked set to open higher Friday, mirroring gains in U.S. and Asian markets as a mortgage assistance plan for troubled U.S. homeowners restored investors' confidence.


Market players await U.S. non-farm payrolls data due later in the session for an indication whether the U.S. Federal Reserve will cut interest rates by a quarter-point or more aggressive half-point at next week's meeting to help the economy.

The report is expected to show a gain of 90,000 jobs in November, after an increase of 166,000 payrolls in October, a Reuters poll found.

A robust reading of the report would dampen the outlook for a half-point move.

Bookmakers saw Britain's FTSE 100 up 36 to 39 points, the DAX up 46 to 50 points and the CAC 35 to 41 points higher.