European Stocks Advance as Euro Falls After U.S. Payroll Data

  • U.S. data also show wage growth accelerated, jobless rate 5%
  • Richemont and luxury-goods peers fall as China demand wanes

Richemont may be active after the owner of the Cartier and Montblanc brands forecast a challenging second half and reported first-half earnings that trailed analyst estimates.

Photographer: Philipp Schmidli/Bloomberg

European stocks advanced as better-than-expected U.S. jobs data fueled the possibility of a Federal Reserve rate hike this year, weakening the euro currency and boosting the attractiveness of exports from the region.

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