European stock markets moved higher amid volatility in UK equities. The Stoxx Europe 600 Index closed 0.2% higher following a dip into the red midday.
The FTSE 100 and UK bond prices dropped sharply, with the former ending the day 0.1% lower. France’s CAC 40 was up 1% while Germany’s DAX was up 0.5%. Germany’s Siemens AG was among the top performers, benefiting from improved trade sentiment.
Stronger-than-expected US employment data also helped ease concerns about global economic slowdowns. The Bureau of Labor Statistics data indicated that 147,000 jobs were added in June, while unemployment dropped to 4.1% from 4.2%.
