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European Shares Set to Rise Ahead of US Jobs Data

European shares are expected to rise on Friday as results come in from Ericsson and British Airways, ahead of key U.S. monthly jobs data later in the day.

Wall Street stocks recovered early losses and rallied by over 1.5 percent on Thursday after a major bond insurer reassured investors about its profitability, which should lend some support to the European market.

Financial bookmakers in London are calling the FTSE 100 to open 16 to 24 points higher, Germany's DAX to open 53 to 62 points up and France's CAC-40 to open 17 to 35 points higher.

The FTSEurofirst 300 index of top European shares closed flat on Thursday, after having swung between losses of 2.6 percent and a gain of 0.2 percent.

The U.S. January jobs report is due later in the session and anticipation ahead of this number can often restrict activity in the markets. A Reuters poll offers a median forecast for a rise of 80,000.