Europe shares up as US jobs data misses

European shares rose yesterday, spurred higher after US jobs data missed expectations, fuelling hopes stimulus from the Federal Reserve will be continued at full pace beyond September.

However, Gerard Lane, analyst at Shore Capital, said: “If [the Fed] don’t taper [the stimulus], then it’s because the economy is worse than we think, which isn’t good in the long run for equities.”

Stocks also endured a choppy session after concerns over Russia’s support for Syria in the event of an attack unnerved investors. The FTSEurofirst 300 dropped 0.4% into negative territory after Bloomberg reported that Russia would “assist” Syria in the case of an external attack.