FTSE nears record high, rest of Europe subdued before NFP

Most major European indices continue to trade largely subdued amid cautious tone prevalent across the financial markets ahead of the key US labor market report.  

While the UK stocks extend its previous rally and attempts to test all-time highs scored earlier this week at 7122 points. The extended rally in the FTSE index is mainly driven by accelerating downside momentum in the GBP, in wake of overnight abrupt slump to 1.1841 – fresh 3-decade lows.

Meanwhile, Germany's DAX 30 index drops -0.27% to 10,540, while the UK's FTSE 100 index rallies +1.07% to 7,075. Among the other indices, the French CAC 40 index declines -0.27% to 4,469, while the pan-European Euro Stoxx 50 index skids -0.50% to trade just ahead of 3k mark.

Focus now remains on the US NFP data, which is expected to show 172k job additions last month versus 151k seen in August.