European Market Updates

European Stocks Close On Bright Note Amid Easing Worries About Rate Hikes

European stocks closed on a strong note, snapping a long losing streak, after data showing an uptick in U.S. unemployment rate helped ease concerns about aggressive monetary tightening by the Federal Reserve.

The Labor Department's report showed non-farm payroll employment rose by 315,000 jobs in August after surging by a revised 526,000 jobs in July.

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by RTTNews Staff Writer

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