LIVE MARKETS-Tech drags on STOXX before U.S. payrolls

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STOXX 600 down 0.1%

Tech shares lag

Eyes on U.S. payrolls

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TECH DRAGS ON STOXX BEFORE U.S. PAYROLLS

A fall in the technology sector is dragging down the STOXX 600 .STOXX on Friday ahead of key U.S. jobs data.

The pan-continental benchmark is down 0.3% and heading for a modest 0.4% weekly drop. Breadth is still positive, with almost 70% of stocks rising on the day.

The tech sector .SX8P lags, as investors hit pause on the blistering rally following underwhelming results from U.S.-based Broadcom after-hours on Wednesday. Infineon IFXGn.DE, Aixtron AIXGn.DE and Soitec SOIT.PA are among Europe's biggest fallers.

Bucking the trend is the UK's Raspberry Pi RPI.L, which makes single-board computers, compute modules and semiconductors. Shares are up 20% after it lifted its profit outlook following a strong first half of the year.

Meanwhile, oil prices LCOc1 look set to end the week higher, snapping two weeks of sharp losses, as efforts to agree a peace deal in the Middle East are at an impasse. European oil and gas stocks are down a touch on Friday, but heading for a 2% weekly rise.

Here's your opening snapshot:

(Samuel Indyk)

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EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: MUTED START CLICK HERE

SMALL MISS, BIG HIT CLICK HERE


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