Europe seen lower; US jobs, OPEC data eyed

European equities are expected to open lower Friday with investors focused on U.S. jobs data and a meeting of the Organization of Petroleum-Exporting Countries (OPEC).
The FTSE is seen opening down 20 points at 6,839, the French CACdown 28 points at 4,959 and the German DAX down 74 points at 11,267.
The U.S. nonfarm payrolls report for May will be in focus as it's an important sway-factor for the Federal Reserve's decision on when to raise interest rates.
Economists expect 225,000 nonfarm payrolls, up slightly from April's 223,000 and an unchanged unemployment rate of 5.4 percent, according to Reuters. Average hourly wages are expected to rise a modest 0.2 percent.
Elsewhere, a meeting of the 12-member OPEC group is taking place in Vienna, Austria. The meeting is being closely watched to see whether the group, in which Saudi Arabia has a dominant position, could cut oil production in a bid to support low oil prices although that is an unlikely scenario.
Elsewhere in Europe, the negotiations between Greece and its international creditors over a reform deal are rumbling on, with a toing-and-froing between the two sides over alternative proposals put on the table this week.
Greece had a 300 million euro ($338 million) payment due to the International Monetary Fund on Friday but it informed the fund on Thursday that it would bundle four payments due this month into one lump payment of 1.5 billion euros, which is due on June 30.
The IMF confirmed the move in a statement from its chief spokesman Gerry Rice, saying the decision was an administrative one.
"Under an executive board decision adopted in the late 1970s, country members can ask to bundle together multiple principal payments falling due in a calendar month (payments of interest cannot be included in the bundle). The decision was intended to address the administrative difficulty of making multiple payments in a short period. "
Data releases in Europe Friday include a second estimate of euro zone first quarter gross domestic product (GDP). There are no major earnings due.