The stock markets' sharp rally after a strong jobs report suggests investors may be growing comfortable with the idea of the Fed cutting back stimulus.
World oil prices push higher after the US unemployment rate fell sharply to 7.0 percent, with job creation well above expectations.
At the closing bell on Friday, the Dow Jones Industrial Average had powered up 1.25 per cent.
London's benchmark FTSE 100 index rose 0.83 per cent at 6,551.99 points on Friday, while Frankfurt's DAX 30 jumped 0.96 per cent to 9,172.41 points.
Quite a mixture of gains and losses across the sectors with Energy stocks leading the way...
European stocks have risen at the open, with London up 0.22 per cent.
The Australian dollar is higher ahead of the release of US employment figures that are expected to be quite strong.
The Australian share market closes lower as financial stocks weighed on the local bourse amid thin trade as investors await the release of US jobs data
Flight Centre shares have fallen six per cent after the consumer watchdog won a four-and-a-half-year price fixing case in the federal court.
Nine Entertainment chief executive David Gyngell acknowledged investors would have ups and downs as the media company listed on the ASX today.
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