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Shares Set to Track Global Equities Gain

European shares were set to open higher on Friday, tracking strong gains in the United States and Asia as a rise in the dollar and retreating oil prices eased fears of inflation.

Financial bookmakers expected to Britain's FTSE 100 to open up 42 to 45 points, or as much as 0.7 percent, Germany's DAX to rise 47 to 52 points, or as much as 0.7 percent, and France's CAC-40 to trade 52 to 56 points higher, or as much as 1.1 percent.

Investors will focus on U.S. non-farm payrolls later in the session, while the corporate diary is thin. Major continental European bourses were closed on Thursday for the Labour Day holiday.