European shares ended trading on Friday, the eighth of July, with a rise, recording weekly gains, after the release of the positive jobs report in America.
At the end of the session, the STOXX600 index rose by 0.42% to record 416 points, and the German DAX rose by 1.23% to 13 thousand points.
The French CAC rose by 0.44% at 6033 points, while the British FTSE closed with gains of 0.19% at 7203 points.
Auto stocks led the gains in the European stock market, rising by 3.2%.
On Friday, the US jobs report revealed that 372,000 new jobs were added in June, a level that exceeded expectations of 250 thousand jobs.
The British pound fell below $1.2 levels, after rising to its highest levels on Thursday, with Boris Johnson’s decision to resign as Britain’s prime minister.
The European Central Bank warned today that 41 banks will suffer losses of at least 70 billion euros as a result of floods, droughts and high carbon prices.