European stocks pause after strong rally
Saturday, 5 July 2014
European stocks ended the week on a muted note on Friday as traders paused after the previous day's solid gains that followed forecast-busting US jobs data, dealers said. Frankfurt's DAX 30 closed down 0.20 percent to 10,009.08 points, while the CAC 40 in Paris fell 0.47 percent to 4,468.98 points. London's FTSE 100 index of top companies ending largely flat at 6,866.05 points, compared to Thursday's closing levels. Markets had risen strongly on Thursday after the European Central Bank kept its ultra-loose monetary policy in place. Wall Street enjoyed a record-breaking performance on Thursday after the United States said its economy created more than a quarter of a million jobs in June. The world's number one economy added 288,000 jobs last month, while the unemployment rate fell to 6.1 percent from 6.3 percent in May, the US Labour Department said, according to AFP.