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European stocks close higher as weak US jobs data points to potential Fed rate cut


Friday, 7 June 2019 23:27 WIB

Indeks Stoxx Europe 600Saham Eropa


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European stocks closed higher Friday as disappointing U.S. nonfarm payroll figures boosted speculation of an interest rate cut from the Federal Reserve.

The pan-European Stoxx 600 closed up 0.93% to 377.48, technology stocks leading gains with a near 2% rise as all sectors were in positive territory.

British Prime Minister Theresa May officially resigned as leader of the U.K.’s Conservative Party, however she will maintain her position as Prime Minister until a political heir is found.

In terms of individual stocks, Danish biotech giant Novozymes plunged nearly 7% after it downgraded its outlook, while shares of Dutch insurer ASR Nederland climbed to the top of the Stoxx 600 with a more than 6% rise.

Source: CNBC


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