Business

US market success has no ripple effect in Europe

LONDON — Following gains on Friday in Asia, where investors cheered a strong US 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 US economy generated 288,000 jobs in June. Though that 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.

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Trading volumes were low on Friday, however, due to the 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. Following gains around the world Thursday after the Dow Jones index broke 17,000 for the first time, Asian shares got a lift Friday, with the Nikkei 225 average gaining 0.6 percent to finish at 15,437.13. In Europe, the FTSE 100 index of leading British shares closed flat at 6,866.05; Germany’s DAX shed 0.2 percent to 10,009.08, and the CAC-40 in France fell 0.5 percent to 4,468.98.

Associated Press

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