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European stocks trimmed earlier gains to ended with a small advance on Friday after U.S. jobs data fell short of expectations and raised questions about the strength of the world's largest economy. The pullback came after the closely watched U.S. nonfarm payrolls report showed 138,000 jobs were added to the economy in May, far below the consensus forecast of 185,000. The unemployment rate, however, fell to 4.3% from 4.4%, the lowest since 2001.
U.S. stock-market indexes closed at records Friday, led by gains for technology shares as investors looked past a weaker-than-expected May jobs report. The S&P 500 index SPX, +0.37% closed up 9.01 points, or 0.4%, at a record 2,349.07, after touching an intraday record at 2,440.23. Tech, with a 1% rise, was the top performing sector. Energy shares finished down 1.2%, largely following oil prices. Financials stocks were another area of weakness on Wall Street, with the sector trading 0.4% lower.
Stock markets in the Asia-Pacific region were stable early Monday after the latest terror attacks in London, though benchmarks in Korea and Australia succumbed to profit taking ahead of elections in the U.K.
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