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Stocks gain ahead of closely watched US jobs report

European shares and Wall Street futures post modest rises as investors await latest reading on health of US labour market
US employment figures are expected to show non-farm payrolls increased by roughly 170,000 last month

European stocks and Wall Street futures rose on Friday ahead of the release of a closely watched US jobs report that will heavily influence whether the Federal Reserve raises rates or leaves them unchanged at its November meeting.

Europe’s Stoxx 600 index and Germany’s Dax added 0.2 per cent and 0.1 per cent respectively in early trading. The moves came a day after eurozone core inflation — which excludes volatile energy and food prices and is closely watched by the European Central Bank — fell to 5.3 per cent in August from 5.5 per cent in July.

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