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European shares edge higher before key US data

Economists expect US non-farm payrolls to have increased by 180,000 jobs last month

Reuters  |  Milan 

European shares rose on Friday, but stayed within recent tight ranges as investors waited key US jobs data later in the day for clues about the US Federal Reserve's next interest rate hike. The pan-European STOXX index was up 0.3 per cent by 0848 GMT, following a flat close in the previous session, with gains among defensive stocks such as healthcare and utilities partly offset by weaker banks. US employment growth likely moderated in August, but was probably still strong enough to push the Federal Reserve to raise interest rates later this year. Economists expect US ...

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First Published: Fri, September 02 2016. 14:41 IST