Europe Markets

Europe ends in the red after key US jobs data

Europe ends in the red after key US jobs data

European markets finished Friday in the red, after investors digested the latest official U.S. jobs report.

The pan-European STOXX 600 ended Friday down around 0.9 percent, however, on the week, it finished 0.2 percent up.

Britain's FTSE 100 closed down 0.4 percent on the day, while France's CAC 40 and Germany's DAX finished 0.7 and 0.8 percent lower respectively.

Greece's benchmark Athens Composite finished the day up 1.5 percent, but was down 15.2 percent on the week. It reopened after several weeks' of closure on Monday.

U.S. stocks traded lower on Friday as investors digested a July nonfarm payrolls report that supported the case for a rate hike as early as September.

The report showed that American companies added 215,000 jobs last month, while the unemployment rate stayed unchanged from June at 5.3 percent.

July jobs up 215,000; jobless rate remains flat

Earnings watch

Banca Monte dei Paschi di Siena (BMPS) soared to close up 8.8 percent on Friday, after the Italian bank reported strong second-quarter figures and an increase in its core capital levels on Thursday evening.

At the other end of benchmarks, William Hill plunged 6.5 percent after the U.K. bookmaking company reported a fall in first-half operating profit.

Despite a slight rebound in early trade, crude oil futures slid further on Friday, as the U.S. dollar strengthened.

At the close of European markets, U.S. crude was trading at $44.21 a barrel, while Brent was down at $48.84.

What's in store for next week?

What to watch out for next week