India, June 6 -- European stocks may drift lower at open on Friday as investors await the U.S. Labour Department's closely watched monthly jobs report later in the day for more insight into the labor market and the outlook for monetary policy.
Market participants positioned themselves for a soft print after a swathe of weak readings released through the week signaled a potential shift towards stagflation -a combination of high inflation, slow economic growth and rising unemployment.
It is believed a sustained weakening in job growth or rising inflation will prompt the Federal Reserve to take more aggressive action in the months ahead.
U.S. stock futures inched higher after reports emerged that White House aides had organized a call betwe...