European Stocks Rise Fifth Day as U.S. Payrolls Exceed Forecasts
A gauge of travel-and-leisure stocks fell the most of the 19 industry groups on the Stoxx 600, as oil heads for a second weekly advance amid the highest trading volatility in almost six years.
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European stocks advanced for a fifth day, extending a seven-year high, as data showed employers in the U.S. added more jobs in January than forecast.
The Stoxx Europe 600 Index climbed 0.2 percent to 373.31 at the close of trading, after earlier dropping as much as 0.4 percent. The gauge posted a weekly gain of 1.7 percent. The 257,000 advance in U.S payrolls beat analyst predictions for 228,000, capping the greatest three-month jobs gain in 17 years, according to a Labor Department report.