European stocks rose in morning trading on Friday to resume their gains that were stopped yesterday, approaching the highest level in nine months, with a strong rise in the energy sector benefiting from the high global oil prices, and this is expected by investors later today, important data on new jobs in the United States, In order to assess the performance of the largest economy in the world during the fourth quarter of this year.
The Dow Jones Stoxx Europe 600 index rose by more than 0.2% as of 10:45 GMT, and the index ended yesterday's session down by 0.1%, in the first loss in the last three sessions, as part of the breath taking operations.
The Stoxx Europe index rose in morning trading on Friday in the last sessions of the week, with most of the major European exchanges and sectors in positive territory.
The energy industry sector topped the list of the gaining sectors in Europe, with a rise of more than 2.5%, thanks to the rise in oil prices in global markets following the decision of the OPEC Plus alliance to increase production by only 500 thousand starting from next January instead of the previously planned increase by about 2 million Barrels per day.
The current gains remain limited as investors await new developments on fiscal stimulus in the United States, in addition to awaiting the results of intense trade talks between Britain and the European Union.
In order to reassess the performance of the US economy during the fourth quarter of this year, investors are waiting for the release of new jobs data in the non-agricultural sectors in the United States during November.
Futures contracts for the S&P 500 rose 0.3%, and the index ended yesterday's session on Wall Street down about 0.1%, in the first loss in the last three sessions, due to correction and profit-taking operations, after the index hit a new record high of 3,682.73 points.
In Europe, the Euro Stock 50 index rose by about 0.3%, in France the CAC 40 index increased by 0.4%, and in Germany the DAX index rose by about 0.2%, and in London the FTSE 100 index rose by 0.9%, topping the list of gaining markets in Europe.
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