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By Bloomberg

European stocks declined from their highest level in more than seven years as travel companies slid.

The Stoxx Europe 600 Index slipped 0.3 percent to 371.28 at 8:11 a.m. in London. Shares added 0.1 percent on Thursday, erasing intraday losses of as much as 0.6 percent, as a rise in energy companies outweighed a slide in Greek shares.

Greece will remain in the spotlight as Prime Minister Alexis Tsipras prepares to set out the most detailed account yet of his plans to revive the Mediterranean nation’s economy, after a diplomatic push ended with a rebuff from Germany, and the European Central Bank shut off a key avenue for Greek banks’ funding.

Tsipras has vowed to stick to his anti-bailout campaign pledges, despite their rejection by German Finance Minister Wolfgang Schaeuble. He will lay out his policy plans on Sunday, in the opening speech of the three-day-long parliamentary debate leading up to a confidence vote to confirm his government.

Investors will also watch U.S. data for indications of the strength of the world’s largest economy. A jobs report Friday from the Labor Department is predicted to show nonfarm payrolls rose by 230,000 last month, while the unemployment rate remained at 5.6 percent. Standard & Poor’s 500 Index futures rose less than 0.1 percent.

A gauge of travel-and-leisure stocks fell the most of the 19 industry groups on the Stoxx 600, as oil heads for a second weekly advance amid the highest trading volatility in almost six years. Air France-KLM Group dropped 1.1 percent.

Among stocks moving on corporate news, Statoil ASA gained 1.9 percent. Norway’s biggest energy company deepened cost cuts and halted dividend growth as it seeks to withstand a plunge in oil prices.