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STOXX 600 down 0.6
Sept 6 Reuters European shares slipped for a fifth straight session on Friday as caution prevailed ahead of the crucial U.S. jobs data, the last such labour market report before the Federal Reserve39;s monetary policy decision on Sept. 18.
The panEuropean STOXX 600 index fell 0.6. The index has dropped 3 so far this week, and is set to snap its fourweek winning streak.
Germany39;s DAX index was down 0.7 after data showed the country39;s industrial production fell by 2.4 in July, compared with analysts39; prediction of a 0.3 drop.
The UK39;s benchmark FTSE 100 slid 0.5. British house prices rose by 0.3 in August from July versus an expected rise of 0.2 on the month.
Energy stocks were the biggest drag on the markets, declining 1.1 as oil prices hovered near 14month lows, followed by ratesensitive banks that fell more than 1.2.
All eyes will be on the U.S. nonfarm payrolls data at 1230 GMT which is expected to show the American economy added 160,000 jobs in August, compared with 114,000 in July. The unemployment rate is seen falling to 4.2 from 4.3.
Due to the mixed economic signals, along with the focus on Fed39;s interest rate cuts, the market reaction to this report is difficult to predict, said Kathleen Brooks, research director at XTB.
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