European stocks fell on Friday after a day of steep losses in China and ahead of key U.S. labor data.

With several benchmark indices heading for their worst week in more than three months the FTSE 100 was recently down 0.35% at 6,096.05 in London. In Frankfurt, the Dax slid 0.28% to 9,824.51. In Paris, the Cac 40 fell 0.49% to 4298.27

S&P 500 mini futures were recently up 0.05%.

In Madrid, the Ibex 35 was recently down 0.25%. Spanish industrial output data for March came in well ahead of expectations.

U.S. non-farm payrolls data will be out at 8.30 a.m. EST. Economists polled by Reuters predict that the economy added 202,000 jobs in April following a 215,000 increase in March. The consensus is for an unchanged jobless rate of 5%.

In Europe, leading steelmaker ArcelorMittal (MT) - Get Report was down close to 5% in Amsterdam after its warning that China remains "fragile" overshadowed first-quarter results that came in above expectations.

In London, Interserve (ISVJY) plunged about 25% after the construction and support services group disclosed a £70 million ($101.4 million) write-down on a Glasgow contract to build an energy-from-waste plant.

Aerospace components maker BBA Aviation (BBAVY) (BBAVF) was down about 1.8%. In a quarterly update it stated that it was performing in line with expectations though its markets were "marginally softer than expected."

But in Milan, restructuring lender Banca Monte dei Paschi di Siena was up more than 4% after first-quarter figure beat expectations. Earlier this year the European Central Bank ordered it to raise more capital.

On mainland China, the CSI 300 composite index sunk 2.60% to 3,130.35 as coal and steel companies declined. Wuhan Iron & Steel dropped 4.6%. In Hong Kong, the Hang Seng fell 1.66% to 20,109.87.

The Australian dollar fell sharply against the greenback after the Reserve Bank of Australia cut its inflation forecast and hinted at further rate cuts after Tuesday's surprise quarter-point move.

The S&P ASX 200 index closed up 0.25% at 5,292.05.

Tokyo indices moved lower following a rise in the value of the yen as trading resumed after a three-day public holiday. Japanese Prime Minister Shinzo Abe said he wants to introduce measures to curb big fluctuations in the value of the currency.

The Nikkei 225 closed down 0.25% at 16,106.72 and the Topix slipped 0.13% to 1,298.32

Takata sunk 8.6% after the U.S. Transportation Department extended a recall on air bag inflators.

Olympus (OCPNY) closed down 4.6% as investors got their first chance to react to a Monday earnings report, including a disappointing profit outlook for the fiscal year ending next March.