The European STOXX 600 index closed 0.4 percent higher, with most stock exchanges in the region rising, including Germany and France.
Job growth accelerated US In September, at the highest pace in six months, the unemployment rate fell to 4.1 percent, indicating the strength of the economy and the lack of need for a major cut in interest rates during the remainder of the year.
The banking sector led the gains, with an increase of 1.8 percent.
The sub-index for automobile companies advanced 1.6 percent after the European Commission said that the European Union will move forward with imposing high customs duties on electric vehicles manufactured in… ChinaThis is despite Germany, the largest economy in the bloc, rejecting these fees.
Despite Friday’s gains, most European stock exchanges recorded weekly losses, and the STOXX index fell 1.8 percent during the week, amid investors’ aversion to risk with the escalation of tension in the Middle East.
On a weekly basis, the energy sector was the best performer due to the rise in prices Crude oilWhile personal and household goods and cars were among the sectors that declined the most.
