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European Stocks Head Higher Before U.S. Jobs Report

TheStreet.com Videos 2:07 mins

Investors bid indices up on Friday ahead of U.S. labor market figures which are expected to show the economy added about 196,000 private sector jobs in December, with a steady unemployment rate of 7%. In the U.K. unexpectedly weak output data weighs on the pound and appears to push back the day when the Bank of England will raise rates from 0.5%. Switzerland¿s Swatch Group ticks higher after delivering an upbeat assessment of 2013 earnings and promising ¿dynamic¿ year ahead, while Britain¿s Tullow Oil gains on speculation that the $13 billion company could be in the sights of Norwegian oil giant Statoil ASA.

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