Investors will be reviewing results from tech titans Apple and Amazon ahead of the publication of the much anticipated U.S. nonfarm payrolls report.

As investors review results from tech titans Apple and Amazon ahead of the publication of the much anticipated U.S. nonfarm payrolls report, European stock markets are anticipated to open higher on Friday.

Because China, the second-biggest economy in the world and a significant export market for many of Europe's largest firms, has been talking more about extra stimulus measures, European markets appear to be starting the last day of a turbulent week on a positive note.

The top economic committees in China said in a joint statement on Friday that the government will take more steps to increase consumer spending and bolster local liquidity, but they provided few specifics.

This session's several economic data releases in Europe, though, might change this upbeat tone.

It won't be German industrial orders, though, since they increased significantly in June, by 7% on a monthly basis, beating the projected decline of 2.0%.

Investor focus will also be on the eurozone, UK, and German construction PMI data, as well as industrial production for France, Italy, and Spain, as well as eurozone retail sales.

The official U.S. employment report, which is likely to reveal that payrolls increased by 200,000 in July, a little decrease from the 209,000 jobs added in June, will be the day's main event.

The Fed would likely have greater space to raise interest rates if the labour market showed any indications of resiliency.

In addition, Wall Street will be receiving a lot of attention after Apple reported its third consecutive quarter of dropping sales and forecast a similar result for the current quarter.

On the other hand, online retail behemoth Amazon wowed with sales growth and profit that above forecasts as significant cost reduction resulted in a leaner business.

As a result of output curbs by two of the biggest producers in the world, Saudi Arabia and Russia, the price of oil moved up on Friday, on track to rise for the sixth week in a row.

In addition, Russia has announced it will reduce its oil exports by 300,000 barrels per day starting in October. On Thursday, Saudi Arabia extended a voluntary decrease in oil output of 1 million barrels per day until the end of September.

Further cuts from the group are unlikely given that they come right before a meeting of the Organisation of Petroleum Exporting Countries and allies later in this session.

(Sources: investing.com, reuters.com)