European bank stocks suffers brief dip after U.S. jobs data

European bank stocks suffers brief dip after U.S. jobs data
European bank stocks suffers brief dip after U.S. jobs data Copyright Thomson Reuters 2021
Copyright Thomson Reuters 2021
By Reuters
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LONDON - European shares briefly extended losses with a widely watched gauge of banking shares dipping 1% after data showed U.S. jobs growth in August missed estimates by a wide margin, fuelling fears that bets of a robust economic recovery may be overdone.

The weakness in U.S. data rippled across markets with non-dollar currencies - including the British pound and the Australian dollar - perking up in late London trading.

Bitcoin rose to its highest since mid-May, up around 3% at $50,745.

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