India, Aug. 7 -- European stocks may drift lower at open on Friday, with AI spending worries and Hormuz reopening uncertainty likely to weigh on markets.
With several Fed officials sending hawkish signals, investors also await the monthly U.S. jobs report later in the day for additional clues on the economic and rate outlook.
The Labor Department's closely watched report may show that U.S. employment jumped by 88,000 jobs in July after an increase of 57,000 jobs in June.
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