European markets closed mixed on Friday after a better-than-expected US jobs report.
The STOXX Europe 600 index rose 0.3%, while the German DAX fell 0.1%. The French CAC 40 increased by 0.2%, and the UK FTSE 100 rose by 0.3%.
US job growth in May was 139,000, exceeding the expected 125,000. Unemployment remained at 4.2%. Average hourly earnings rose 3.87% year-over-year to $36.24.
Economist James Knightley of ING noted the US labor market's vulnerability due to trade policy uncertainty.
President Trump reiterated his call for the Federal Reserve to lower interest rates.
The market also took support from the belief that the feud between Trump and Elon Musk would de-escalate.
The Eurozone economy grew 1.5% year-over-year in the first quarter, with retail sales up 2.3% in April. German exports decreased 1.7% monthly, while French industrial production fell 1.4%.
UBS Group must set aside up to $26 billion in extra capital. Chip stocks in Amsterdam performed well. Wall Street's S&P 500 index rose 1.1%.