London • Following gains on Friday in Asia, where investors cheered a strong U.S. jobs report from the previous day, markets in Europe were lackluster as Wall Street remained closed for the Fourth of July holiday.
On Thursday, markets were buoyed by news that the U.S. economy generated a greater than expected 288,000 jobs in June. Though that increase in itself prompted some analysts to think the Federal Reserve may start raising interest rates sooner than anticipated, many noted that subdued wages may hold the central bank's hand for a while longer a potentially positive backdrop for stock markets.
Trading volumes were low on Friday, however, due to the U.S. holiday. Many investors in France and Germany likely also kept to the sidelines to turn their attention to the World Cup match between their countries later in the afternoon.