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European Shares Poised to Rise, US Jobs Eyed

European stocks were poised to rise on Friday, reversing the previous session's losses, as news that a state-owned Chinese investment fund has been buying a stake in Total, as well as buoyant oil prices, could boost energy stocks.

But investors will remain cautious ahead of key monthly U.S. jobs data, due later in the session, expected to confirm a U.S. economic downturn.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 19 and 20 points higher, the German DAX 26 points and 34 points higher, and the French CAC 40, 16 to 25 points lower.