Europe Markets: European stocks pare gains after U.S. data, but Germany still scores record

European stocks trimmed earlier gains to ended with a small advance on Friday after U.S. jobs data fell short of expectations and raised questions about the strength of the world’s largest economy.

The Stoxx Europe 600 Index SXXP, +0.23% ended 0.2% higher at 392.55, after rising as much as 0.8% earlier in the day.

The pullback came after the closely watched U.S. nonfarm payrolls report showed 138,000 jobs were added to the economy in May, far below the consensus forecast of 185,000. The unemployment rate, however, fell to 4.3% from 4.4%, the lowest since 2001.

“Despite the poor May returns, the Fed’s view of the labor market remains strong enough to support a quarter-point rate hike later this month.

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