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European markets add 1% as bank stocks lead gains; UK gilt yields fall after U.S. jobs report

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Stock Markets,Business,Markets

European markets were higher on Friday, starting November on a positive footing as traders considered the all-important U.S. jobs report.

Commuters cross Millennium Bridge in view of skyscrapers on the skyline of the City of London, UK, on Tuesday, Oct. 29, 2024.traded up 1.3% at 3:45 p.m. London time, with almost all sectors and major bourses in positive territory. Bank stocks led the gains, up 1.95%.fell on Friday. Japan's Nikkei 225 index fell over 2.6% to extend losses from the previous session when the Bank of Japan held interest rates steady.higher on Friday as traders weighed the October jobs report.

"Both 2016 and 2020 came down to the same seven states. In 2016, it's a margin of less than 80,000 votes across three states that gave the election to Trump. In 2020, it was a margin of less than 43,000 votes across three different states that gave the to President Biden," Okun said on Friday. Streeter said Thursday's spike in government bond yields was not solely down to investor worries about an inflationary budget.

 

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