Economic news

European Shares, Bonds, Currency Rise after U.S. Payrolls

LONDON, March 8 (Reuters) - European stocks, government bond prices and the euro rose slightly on Friday after the U.S. unemployment rate increased and earnings growth slowed, supporting expectations that the Federal Reserve could cut interest rates by the summer.

The pan-European STOXX 600 was last up 0.2% at a fresh record high.

The euro was up 0.1% against the softer dollar , briefly touching its highest since Jan. 12.

European government bond prices rose, pushing the yield on the German 10-year down 4.5 basis points to 2.24%, its lowest since Feb. 5.

Bond yields move inversely with prices.

Reporting by Samuel Indyk, editing by Alun John

Source: Reuters


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