June 7 (Reuters) - European shares were subdued at open on Friday, a day after the European Central Bank eased borrowing costs as was widely expected, with the focus now shifting to the U.S. jobs data to gauge the Federal Reserve's interest rate path.
The continent-wide STOXX 600 was flat at 524.62 as of 0723 GMT, but was poised to clock its first weekly gain in three.
The ECB delivered a 25-basis-point rate cut on Thursday, its first since 2019, joining its counterparts in Canada, Sweden and Switzerland in easing the monetary policy.
The central bank, however, provided little clues about the future interest rate path, causing traders to scale back bets of additional rate cuts.
Market attention is now on the key U.S. nonfarm payrolls data due later in the day, which could show signs of easing labor market pressures and firm bets of September cut from the Fed.
Technology stocks gained for the third straight session up 0.2%. Real estate led sectoral losses, dragged by a 3.2% fall in German real estate group Vonovia on a Morgan Stanley rating downgrade.
Temenos added 1.7% after the Swiss banking software firm announced a new share buyback program of up to 200 million Swiss francs ($224.92 million). (Reporting by Shristi Achar A in Bengaluru; Editing by Janane Venkatraman )
