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European markets close higher as US job market bounces back; Saipem shares rise 3%


Friday, 5 April 2019 23:35 WIB

EropaIndeks Stoxx Europe 600


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European stocks edged higher on Friday, as the U.S. posted a solid rebound in job creation in March.

Nonfarm payrolls expanded by 196,000 while the unemployment rate held steady at 3.8 percent, according to a U.S. Bureau of Labor Statistics report published Friday.

The pan-European Stoxx 600  closed 0.09 percent higher to 388.23, with all major bourses in positive territory.

Investors were also eyeing the latest round of U.S.-China trade talks, which ended without any meaningful conclusions.

Looking at individual stocks, Italy’s Saipem closed towards the top of the European benchmark after reportedly securing offshore drilling contracts in Norway and the Middle East for a total of $200 million. Shares of the Milan-listed stock rose over 3 percent on the news.

Source: CNBC


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