European stocks continue to rebound ahead of US jobs report

European stocks rose today for the second straight day, to continue the recovery attempts from 5-week lows, amid increasing market bets that US Fed will cut the interest rates to counter the economic slowdown risks, in addition to market's anticipation for the release of the US monthly jobs report.

Stoxx Europe 600 was higher by 0.1% as of 08:45 GMT, while it closed yesterday higher by 0.1%, rising for the first time in 3 days amid its recovery attempts from 5-week lows.

The index opened the last session of the week higher, to continue its recovery for the second day, as most of the major European markets and sectors rising.

The European Tech sector saw the biggest gains today with a rise by more than 0.8%, to recover some of previous sharp losses.

The continued weak US economic data, especially after the service PMI reading which slowed by the worst pace in 3 years, the market bets surged for the US Fed to cut the interest rates.

The market predictions of the Fed to cut the interest rates for the third time this year are at 100%, while investors are anticipating the release of the US monthly jobs report.

At 12:30 GMT, the US non-farm jobs change will be released, with forecasts for the creation of 145,000 new jobs in September vs. 130,000 in August.

S&P 500 futures fell by 0.2%, after it closed higher by 0.8% yesterday at Wall Street.

Euro Stoxx 50 rose by 0.1%, in France the CAC 40 index also rose by 0.1%, and Germany's DAX rose by 0.1%.

While in London the FTSE 100 rose by 0.4%, to lead the rising markets in Europe, after hopes about a deal for Brexit were renewed.