(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 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 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.
(Reporting by Khushi Singh in Bengaluru; Editing by Eileen Soreng)
