European shares rise ahead of US jobs data


European shares rose on Friday in cautious trading ahead of the release of US jobs data, while the main index managed to achieve its third consecutive weekly gain, supported by optimism about an economic recovery.
The pan-European Stoxx 600 index rose 0.2 percent, trading near its all-time high earlier this week. The index is on track to record a weekly gain of 0.6 percent, according to what was published by “Reuters”.
All eyes are on US jobs data for May later in the day, and a strong reading is likely to heighten concerns about the Federal Reserve’s massive stimulus program being scaled back faster.
Shares of utilities, financial services, and health care companies were among the top gainers on the Stoxx 600, with each gaining 0.5%.
Shares of IAG, owner of British Airways, Wizz Air and EasyJet, fell more than one percent after Britain added seven countries, including Egypt and Sri Lanka, to the “red list” of destinations that require hotel quarantine upon arrival. to England.


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