(Sharecast News) - The highlight on Friday will be the US non-farm payrolls report for October, along with average earnings and the unemployment rate.

As far as the payrolls are concerned, 65,000 jobs are expected to have been added in October, while the unemployment rate is set to remain at 4.2%.

Data released last month showed that just 29,000 jobs were added in September, a figure that fell well short of analysts' expectations of 90,000. Neil Wilson, UK investor strategist at Saxo Markets said "another weak number is unlikely to derail a likely Fed hike in December".

Investors will also eye German industrial production figures for September, the Lloyds house price index for October in the UK and eurozone retail sales data for September.

On the UK earnings front, third-quarter results from British Airways and Iberia owner IAG and TBC Bank will be in focus, along with a trading update from property portal Rightmove.