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  • Don't Cry for Me, Euro Zone

    European stocks close higher on US jobs data (AFP)

    Thu, 07/07/2011 - 12:56 EDT - Yahoo! Business News
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    • YahooBizNews

    New IMF head Christine Lagarde visits the offices of Paris bourse operator NYSE Euronext in May, while she was French finance minister.(AFP/File/Eric Piermont)AFP - European stock markets closed higher Thursday as better-than-expected US jobs data helped offset persistent concerns over how and when the eurozone debt crisis can be resolved.

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      European stock markets closed sharply higher on Thursday, extending gains on hopes European leaders can find a solution to the eurozone debt crisis and will help banks if need be.London's FTSE-100 index of leading shares closed up 3.71 percent, in Frankfurt, the DAX added 3.15 percent and in Paris the CAC-40 jumped 3.41 percent. Other European markets posted similar gains, helped too by the European Central Bank and Bank of England's efforts to boost the economy.

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