Euro zone PMIs, U.S. jobs report in focus

 Euro zone PMIs, U.S. jobs report in focus

LONDON — European markets were fractionally lower on Friday morning as investors awaited key economic indicators out of the euro zone and the U.S.

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The reading could have a significant impact on the Federal Reserve’s policymaking decisions with regards to scaling back its monetary stimulus program.

The S&P 500 and Nasdaq climbed to record highs Thursday on the back of better-than-expected weekly jobless claims figures.

Back in Europe, August’s final services and composite PMI (purchasing managers’ index) readings are due out of France, Germany and the wider euro zone on Friday morning, along with the U.K. offering an insight into the health of the continent’s economic recovery.

German polling on Thursday showed the Social Democrats opening up a five-point lead over Chancellor Angela Merkel’s Christian Democratic Union in the run-in to the Sept. 26 national election in Europe’s largest…

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