European Equities Lower Ahead of U.S. Jobs

European shares edged lower in morning trade on Friday, following a global selloff in stocks in the previous session, with investors looking ahead to key jobs data due out from the United States.

The pan-European Euro Stoxx 600 index was broadly lower with caution spreading across markets, although some earnings news sent individual companies into the positive. Shares of airline owner IAG climbed 3.9 percent after reporting that it tipped into profit in the first half of the year.

Bank of Ireland shares rose 1.5 percent after it swung back to profit in its first half, the first time since the Irish property market collapsed ignominiously in 2008. Meanwhile, Belgacom shares surged 5 percent after detailing a strong outlook for the rest of its trading year and insurer Direct Line also climbed 3.5 percent with figures showing a boost in pretax profit.


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