European stocks extend gains ahead of US jobs data

European stocks rose on Friday ahead of data expected to reflect moderate US job growth last month, which eased some pressure on stock investors who are concerned about high interest rates.

By 07:18 GMT, the European STOXX 600 index rose 0.4 percent, recording an increase for the second session in a row, but it is still heading towards incurring losses for the third week in a row.

According to Reuters, the index reached its lowest level in six months this week, with yields on US and European bonds reaching their highest level in years.

Attention is now turning to the US non-farm payrolls data for indicators to know whether the Federal Reserve (the US central bank) will raise interest rates again in November.

As for individual stocks, the Dutch payment technology company Aden rose 3.4 percent

In contrast, shares of Amsterdam-based health care technology Philips fell 9.6 percent after the US Food and Drug Administration said it was still not satisfied with the withdrawal of one of its products.