.SSEC

European Markets Close Higher Following U.S. Jobs Report

Kay Nietfeld | dpa | picture alliance via Getty Images
  • The market, weighing up the link between inflation pressures and the reopening of U.S. businesses, focused on the U.S. jobs report Friday.
  • Job creation disappointed again in May, with nonfarm payrolls up by what normally would be considered a solid 559,000, but still short of lofty expectations.

LONDON — European stocks closed higher on Friday as investors digested a key U.S. jobs report.

The pan-European Stoxx 600 index finished the final trading session of the week up about 0.4%, with most major bourses and sectors pushing into positive territory.

Traders, weighing up the link between inflation pressures and the reopening of U.S. businesses, were focused on the U.S. jobs report Friday.

Job creation disappointed again in May, with nonfarm payrolls up by what normally would be considered a solid 559,000, but still short of lofty expectations.

Payrolls were expected to increase by 671,000, according to economists surveyed by Dow Jones. On Wall Street, stocks climbed on Friday after the release.

Back in Europe, shares of some airlines sank Friday after the U.K. removed Portugal from its so-called "green list" of travel destinations. British Airways owner IAG fell 0.9% while Wizz Air was down 3.3%.

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— CNBC's Ryan Browne, Maggie Fitzgerald and Eustance Huang contributed to this market report.

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