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European shares, bonds, currency rise after weak U.S. payrolls

Published 03/11/2023, 12:45
Updated 03/11/2023, 12:51
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 2, 2023. REUTERS/Staff/File photo
STOXX
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LONDON (Reuters) - European stocks, government bond prices and the euro rose on Friday after U.S. job growth slowed and the unemployment rate increased, underpinning the view that the Federal Reserve is at the end of its tightening cycle.

The pan-European STOXX 600 edged higher and was last up 0.3%.

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 2, 2023. REUTERS/Staff/File photo

The euro was last up 0.7% against a weaker dollar, rising to its highest level against the greenback since Sept. 20 at $1.0704.

European government bond prices rose, pushing the yield on the German 10-year down 4 basis points to 2.674%. Bond yields move inversely with prices.

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