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Stocks across Europe on Friday closed at their best level in more than four months, after a lackluster U.S. monthly jobs report dampened expectations for a U. S.interest-rate hike.
U.S. stocks closed higher on Friday, boosted after a weaker-than-expected payroll report was seen as diminishing the likelihood of an interest rate increase by the Federal Reserve. The Labor Department said the U.S. economy added 151,000 jobs in August, while the unemployment rate remained steady at 4.9%. Those figures were weaker than economists polled by MarketWatch, who had expected 170,000 jobs to be added to the U.S. economy in August, and a broader-market consensus for about 180,000 jobs.
Shares in Asia were broadly higher early Monday, as weaker-than-expected U.S. jobs data eased worries over an imminent rate interest increase by the Federal Reserve.
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