European shares edged lower on Friday as investors stayed cautious ahead of key U.S. jobs data, while Volkswagen shares jumped 6% after the automaker unveiled a restructuring plan involving 50,000 job cuts. Rising oil prices amid Middle East tensions added to inflation concerns, while banking and chemical stocks weighed on the broader market.
European shares edged lower on Friday as investors stayed cautious ahead of key U.S. jobs data, while Volkswagen shares jumped 6% after the automaker unveiled a restructuring plan involving 50,000 job cuts. Rising oil prices amid Middle East tensions added to inflation concerns, while banking and chemical stocks weighed on the broader market.
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