An employee views a FTSE share index board in the atrium of the London Stock Exchange Group Plc’s offices in London, U.K., on Thursday, Jan. 2, 2020.
- Russia's onslaught in Ukraine was also front and center, as well as the recent EU announcement of a partial ban on Russian oil imports.
- OPEC and its oil-producing allies agreed on Thursday to hike output in July and August by a larger-than-expected amount as Russia's invasion of Ukraine wreaks havoc on global energy markets.
LONDON — European markets closed lower on Friday, with traders digesting fresh economic data from the U.S.
The German DAX closed down 0.2%, the French CAC fell 0.3% and the Italian FTSE MIB was down 1.1%. The U.K.'s FTSE 100 was closed on Friday for the Queen's Platinum Jubilee celebrations.
New data out Friday showed the U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and with a roaring pace of inflation.
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U.S. stocks slid Friday as investors digested the report and the potential for rising interest rates. European markets also dipped after the data, hitting lows for the session.
Russia's onslaught in Ukraine was also front and center, as well as the recent EU announcement of a partial ban on Russian oil imports. OPEC and its oil-producing allies agreed on Thursday to hike output in July and August by a larger-than-expected amount as Russia's invasion of Ukraine wreaks havoc on global energy markets.
In individual stocks news, Danish bank Ringkjoebing Landbobank saw its shares climb 4.2% after raising its expectations for this year.
Money Report
Car parts maker Faurecia fell 6.7% after announcing it had launched a capital increase to pay for its acquisition of rival Hella.
— CNBC's Eustance Huang and Pippa Stevens contributed to this article.
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