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European stocks flat ahead of U.S. payrolls

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By Reuters
European stocks flat ahead of U.S. payrolls
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 30, 2019. REUTERS/Staff   -   Copyright  STAFF(Reuters)

(Reuters) – European stocks opened flat on Friday after two sessions of gains, as the effect of this week’s upbeat signals on U.S.-China trade talks and European politics wore off, with investors’ attention turning to U.S. jobs data due later in the day.

The pan-European STOXX 600 index <.STOXX> was roughly unchanged at 0715 GMT after starting marginally lower, with the exporter-heavy FTSE 100 <.FTSE> lagging the broader market as London-listed miners fell.

Thyssenkrupp AG <TKAG.DE> was the biggest gainer on Germany’s DAX index with a 1.3% gain after Finland’s Kone <KNEBV.HE> said it and a private equity partner would bid for the conglomerate’s elevator business.

The DAX <.GDAXI> rose 0.3%, shrugging off data showing an unexpected fall in industrial output in July.

(Reporting by Sagarika Jaisinghani and Agamoni Ghosh in Bengaluru; editing by Patrick Graham)