European stocks swung higher Friday with added lift from an upbeat U.S. jobs report that helped financial shares advance after their tough week.
In Frankfurt, the DAX 30 DAX, +2.24% pushed up 2.2% to 9,629.66 and France's CAC 40 PX1, +1.77% rose 1.8% to 4,190.68.
U.S. stocks soared on Friday, sending the S&P 500 above its all-time closing high set on May 21, 2015. The gains on Wall Street were fueled by a surprisingly strong jobs report, showing 287,000 jobs created in June. The S&P 500 SPX, +1.53% was up 32 points, or 1.6% at 2,131. The Dow Jones Industrial Average DJIA, +1.40% jumped 267 points, or 1.5%, to 18,163. The Nasdaq Composite COMP, +1.64% advanced 81 points, or 1.7% to 4.957.
Asian share markets enjoyed a relief rally on Monday as upbeat U.S. jobs data lessened immediate concerns about the health of the world's largest economy, while the long-run fallout from Brexit kept sovereign yields near record lows.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS jumped 1.9 percent to a one-month top. Australia added 1.8 percent and Shanghai .SSEC 1 percent.
Japan's Nikkei .N225 climbed 3.5 percent, its biggest daily gain in three months, following a clear win by the government in upper house elections.
Prime Minister Shinzo Abe's ruling coalition won a landslide victory giving it the power to potentially revise the nation's post-war pacifist constitution for the first time.
"Abe's victory boosted confidence in investor sentiment, and winning a two-thirds majority sends foreign investors a message that Abe's policies will see a progress," said Hikaru Sato, a senior technical analyst at Daiwa Securities.