Story thread · 2 reports / 2 sources

Global Market | Europe's STOXX 600 ends week at all-time high on earnings support, soft US jobs data

economictimes.indiatimes.com · 3dShare

Europe's STOXX 600 rallied to a fourth consecutive record close on Friday, led by technology stocks and a largely positive slate of corporate earnings, ‌while softer U.S. ⁠jobs data ⁠further supported sentiment.The pan-European STOXX 600 closed 0.3% higher, reaching a record 660.25 points and marking a fourth consecutive weekly advance.Markets ​capped a busy earnings week that pushed the benchmark to multiple record highs, while expectations of a potential U.S.-Iran ​agreement also supported sentiment throughout the week.Technology shares added 1.9% in the session, tracking gains from Wall Street, and were the best performing sector on the STOXX 600 this week. Investors parsed the U.S. ​nonfarm payrolls report that showed the world's largest economy surprisingly shed ⁠jobs last ‌month, reducing the perceived chance of an interest rate hike by the Federal Reserve ​in September."I don't ​think there's one reason behind this rally in European markets. All today's ⁠payrolls number has done

First report: The Stoxx 600 just hit a record high – here's what's driving the pan-European index — cnbc.com, 6d