LONDON: European stock markets retreated on Friday , with concerned investors locking in gains made recently on solid US jobs data.
"Without the prop of US markets keeping them up, European indices have taken a tumble, shedding ground as the week draws to a close," said market analyst Chris Beauchamp at IG, an online trading group."A rise in virus deaths in a number of US states proves that, sadly, Covid-19 does not take holidays, and should remind everyone that this crisis is far from over."
But"now that the dust has settled in regards to the 4.8 million jobs that were added in the US last month, dealers might reflect on the fact that the continuing claims reading actually ticked up," noted David Madden, analyst at CMC Markets UK.
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