European and US futures were higher on Friday ahead of closely watched data on demand for jobs in the US, with investors looking for signs that repeated interest rate rises are starting to cool the world’s largest economy.
The regional Stoxx Europe 600 added 0.7 per cent in early trading, rebounding after a 0.9 per cent decline in the previous session. Chinese stocks soared, extending their weekly gains on hopes that Beijing would change its longstanding zero-Covid policy. The CSI 300 index of Shanghai- and Shenzhen-listed shares gained 3.2 per cent.
Investors were looking ahead to the monthly release from the US Bureau of Labor Statistics, which is expected to announce that US jobs growth cooled for the third consecutive month.
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