European markets gained ground on Friday, rebounding after five consecutive negative sessions, with investors taking a wait-and-see approach ahead of US jobs data.
These data are at the heart of the Federal Reserve’s analysis of the path of the economy and are expected to largely determine its decision on the size of the next interest rate increase. A strong reading, with the economy adding more than 300,000 jobs in August, is expected to pave the way for the central bank to hike another 75 basis points, its third in a row.
On the board, the pan-European Stoxx 600 gained 0.5% to 409.67 points.
Germany’s DAX is up 0.9% at 12,744.90, France’s CAC 40 is up 0.4% at 6,060.45, while Britain’s FTSE 100 is up 0.35% at 7,175.29.
In the region, Italy’s FTSE MIB gained 0.6%, while Spain’s IBEX 35 edged up 0.1%.
Source: Capital
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