LONDON – European markets ended higher on Monday as traders continued to assess the possibility of an interest rate cut following weak U.S. jobs data.
French market close CAC 40 German stocks rose 0.47% German DAX Index Also rose 0.95%, Italy FTSE MIB up 1.02%.British FTSE 100 Trading volumes are expected to be light as markets are closed for a public holiday on Monday.
The U.S. nonfarm payrolls report released on Friday showed that 175,000 new jobs were created in April, lower than the 240,000 jobs expected by economists surveyed by Dow Jones.
The unemployment rate edged up to 3.9% from 3.8% last month, according to the Bureau of Labor Statistics. The wage data also came in below expectations, an encouraging sign for inflation.
In Europe on Monday, the euro zone’s S&P Composite Final Purchasing Managers’ Index was released, showing business activity in the euro zone expanded at its fastest pace in nearly a year. The index jumped to 51.7 in April from 50.3 in March.
Share of e-commerce and mail companies in individual stock news Post Netherlands Shares fell 4.03% after reporting a first-quarter profit loss. Volvo Cars Sales rose 1.08% after rising 27% year over year in April.
—CNBC’s Samantha Subin and Pia Singh contributed to this report.
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