European shares seen rebounding

European shares were expected to rebound on Friday, recouping some of the sharp losses suffered in the previous session, as investors positioned for strong US jobs data, which would underpin expectations about growth in the world's largest economy. Futures for the Euro STOXX 50 equity index, Germany's DAX and France's CAC were up between 0.8 per cent and 1.1 per cent at 0725 GMT. US employment growth likely accelerated a bit in November. Nonfarm payrolls probably increased by 230,000 jobs last month after rising by 214,000 in October. The Euro STOXX 50 index of euro zone blue chips fell 1.7 per cent on Friday. The index was down 1.8 per cent from its close the previous Friday, setting it on course for its first weekly loss since mid-November, according to Reuters.