Friday, March 29, 2024
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Europe ends in the red after key US jobs data

European markets finished Friday in the red, after investors digested the latest official U.S. jobs report.

The pan-European STOXX 600 ended Friday down around 0.9 percent, however, on the week, it finished 0.2 percent up.

Britain's FTSE 100 closed down 0.4 percent on the day, while France's CAC 40 and Germany's DAX finished 0.7 and 0.8 percent lower respectively.

Greece's benchmark Athens Composite finished the day up 1.5 percent, but was down 15.2 percent on the week. It reopened after several weeks' of closure on Monday.

U.S. stocks traded lower on Friday as investors digested a July nonfarm payrolls report that supported the case for a rate hike as early as September.

The report showed that American companies added 215,000 jobs last month, while the unemployment rate stayed unchanged from June at 5.3 percent.

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