Tuesday, 25 February 2020
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European markets close higher after positive US nonfarm payroll data
Friday, 4 October 2019 23:41 WIB | MARKET UPDATE |Stoxx 600Saham Eropa

European stocks closed higher Friday afternoon after a key U.S. jobs report showed employment growing steadily and the jobless rate hitting a 50-year low, easing fears for the health of the world™s largest economy.

The pan-European Stoxx 600 closed 0.6% following the data release. Utilities, tech, chemicals and healthcare stocks all rose more than 1% while autos remained a stubborn 0.7% below the flatline.

The FTSE 100 clawed back some of its weekly losses, gaining 1% by the the time of close. A corresponding weakening of sterling versus the dollar aided the FTSE basket.

Source: CNBC

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