European shares muted as miners offset energy boost, US jobs data in focus
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(Reuters) - European shares were muted on Friday, as a drop in miners offset gains in energy stocks, while investors assessed Germany's inflation data and keenly awaited a key U.S. employment report to reaffirm expectations of a peak in global interest rates.
The pan-European STOXX 600 index rose 0.1% and was headed for a fourth consecutive week of gains.
Energy shares added 0.5%, tracking higher crude prices.
Miners fell 0.8% after Anglo American (JO:AGLJ) slumped 6.2% on plans to reduce capital expenditure by $1.8 billion across its businesses by 2026.
All eyes will be on the U.S. Labor Department's report on November non-farm payrolls, due later in the day, for clues on the Federal Reserve's monetary policy outlook.
Meanwhile, the latest data showed German inflation eased in November, bolstering the case for a peak in eurozone interest rates.
In corporate news, Vivendi (OTC:VIVHY) climbed 3.2% to the top of the STOXX 600 as the media firm is set to replace Worldline on the CAC40 index, effective from Dec. 18.
European shares muted as miners offset energy boost, US jobs data in focus