European Markets Head for Muted Open

European equity markets were headed for a muted open on Friday as investors geared up for a key US jobs report that could influence the rates outlook.

Investors are hopeful that the November jobs report in the US would indicate that interest rate hikes are having the intended effect on the economy, without signaling a possible recession.

Markets also looked ahead to a raft of European economic data, headlined by euro area producer price index data.

DAX and Stoxx 600 futures fluctuated around the flatline in early trade.