European Shares Seen Lower as Oil Soars, Data Eyed

European stocks were expected to see further losses at the open on Friday, as oil hit a new all-time high above $140 a barrel over night for the first time and with sentiment surveys and inflation data in the spotlight on both sides of the Atlantic as fears over stagflation heighten.

Financial bookmakers called Britain's FTSE index down 17-23 points, Germany's DAX down 40-44 points and France's CAC down 41-46 points.