This is what you need to know on Friday:

1. European stocks are expected to higher Friday ahead of a key employment report from the United States that could set the tone for interest rate hikes and market direction into the final months of the year.

2. A modestly weaker U.S. dollar, however, which gave back some of its recent gains after a slower-than-expected reading of the U.S. Federal Reserve's preferred inflation gauge -- the core personal consumption expenditures index -- and only modest gains for consumer spending.

3. Global oil prices reversed some of Thursday's gains in late Asia trading, taking around 0.57% from West Texas Intermediate crude futures for October delivery, which were changing hands at $46.96 each at the start of European trading. Brent contracts for November, the new global benchmark, were seen at $52.64 each, around 0.2% lower from Thursday's close.

4. Apple Inc. (AAPL - Get Report)  invited media on Thursday to its annual fall event September 12, cementing rumors of such a get together that had swirled all week, according to BuzzFeed.

5. Vivendi SA (VIVHY)  shares surged the most in ten months in early Paris trading Friday after the French media group topped second quarter profit forecasts late Thursday and confirmed its full year outlook.

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