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European Stocks Edge Lower Ahead of US Jobs Report

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European equity benchmarks were in the red on Friday morning as traders eyed the G-20 conference in Hamburg, Germany, and looked ahead to the release of key jobs data due out in the US later in the day.

In economic news, German production in industry advanced by 1.2% in May from the previous month, according to provisional data published by federal statistics agency Destatis. The monthly change in April was also revised to show an increase of 0.7% compared to a previous reading of 0.8%.

Later in the day, the US labor department is scheduled to release its June jobs report, which is expected to show that 175,000 new jobs were added to the market and a strengthening in wage growth.

In equities, WPP, a communications company, was down by 3.2% on London's FTSE 100 Index, followed by Royal Mail, a logistics and postal delivery services company, was 2.9% lower, ITV, a television company, was down by 2.3% and Old Mutual, a financial services provider, was down by 1.4%.

On Frankfurt's DAX, ProSiebenSat1 Media, a media company, was down by 1.6%, Deutsche Post, a logistics and postal delivery service, was down by 1.0% and athletic apparel retailer adidas was 0.6% lower. Commerzbank was down by 0.5%. And, on Paris' CAC-40, Carrefour, a hypermarket operator, was down by 4.6%, followed by Publicis, a communications company, 3.5% lower and TechnipFMC, an oilfield services provider, 2.3% lower. Sodexo, a food services and facilities management company, was also 2.3% lower.

The pan-European Stoxx 600 Index was 0.41% lower, London's FTSE 100 was down by 0.20%, Frankfurt's DAX was down by 0.24% and Paris' CAC-40 was 0.45% lower at the time of writing.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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