European Shares Rebound on US Jobs Data
European stocks rose on Friday after a bond market selloff as softer US jobs data and falling oil prices reduced expectations for near-term Federal Reserve interest rate hikes. The STOXX 600 gained 0.8 percent but still posted weekly losses.
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European stocks rose 0.8% on Friday following a bond selloff as softer jobs data from the United States eased rate-hike pressures. The benchmark STOXX 600 recovered ground after touching a three-month low on Thursday. The rebound offers temporary relief to global investors wary of rising borrowing costs.
