European markets lower after weak US job data

India Infoline News Service | Mumbai | October 07, 2017 10:33 IST

European stocks closed in negative terrain on Friday’s trade after the latest set of payrolls data from the US and monitored political events in Spain.

European stocks closed in negative terrain on Friday’s trade after the latest set of payrolls data from the US and monitored political events in Spain.

The pan-European Stoxx 600 provisionally finished down 0.40 %, having come under pressure after the poor economic data from the US. On the week however, the STOXX 600 popped 0.34%.

Major European bourses were seen in the red, with only the FTSE 100 posting slim gains by the close, ending up 0.20%. The French CAC 40 closed down 0.36%, while Germany’s DAX finished the week at -0.09%.

The latest batch of nonfarm payrolls data, a key metric for the US Federal Reserve, showed that the US had lost 33,000 jobs during the month of September.

The Spanish IBEX hit a session low after that announcement but has since pared some losses. The index closed down 0.29%.

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