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European shares, bonds, currencies fall after major U.S. payrolls beat

Published 10/06/2023, 08:58 AM
Updated 10/06/2023, 09:02 AM
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 5, 2023.    REUTERS/Staff
STOXX
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LONDON (Reuters) - European stocks, bond prices and the euro fell on Friday after U.S. non-farm payrolls came in significantly above forecasts, underscoring markets' expectation that interest rates will remain high for many months.

Europe's STOXX 600 index, which had traded up around 0.8% before the data, dipped and was last only just in positive territory, while the euro and sterling GBP=D3> were each down around 0.4% on the day after the data.

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 5, 2023.    REUTERS/Staff

The European common currency is now on track to post its 12th straight week of losses, the longest such streak since its creation in 1999.

Germany's 10-year bond yield, the benchmark for the euro zone was up 5.4 basis points after the data.

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