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CAC 40 Drifts Lower Ahead Of US Jobs Report

(RTTNews) - French stocks moved lower on Friday as caution set in ahead of the all-important U.S. jobs report due tonight, which could give investors additional clues on the health of the world's largest economy and the interest rate outlook.

Economists expect employment to increase by 164,000 jobs in December after an increase of 266,000 jobs in November. The jobless rate is expected to hold at 3.5 percent.

Meanwhile, France's industrial production grew at a slower pace in November driven by the weakness in manufacturing sector, the statistical office Insee said.

Industrial production logged a monthly growth of 0.3 percent after rising 0.5 percent in October. Manufacturing output dropped 0.1 percent, reversing a 0.6 percent rise a month ago.

The Bank of France today retained its growth forecast for the fourth quarter.
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