European stocks tumbled in volatile trading, capping their worst week since August 2011, as a decline in energy companies outweighed better-than-expected U.S. jobs data.
The Stoxx Europe 600 Index fell 1.5 percent to 341.35 at the close, after swinging between gains and losses for most of the day. The gauge rose in early trading after China’s introduction of measures to stabilize its markets boosted global equities, before sliding oil stocks dragged it lower. A rally of as much as 0.9 percent after the U.S. report didn’t last long.
The Stoxx 600 slipped 6.7 percent this week, its worst weekly decline since August 2011, as cuts to the yuan’s reference rate stoked concern that Chinese growth is slowing more than previously forecast. The VStoxx Index measuring volatility expectations in euro-area shares posted its biggest weekly advance since April.
Japanese shares rose, with the Topix index ending the year with its fourth straight annual gain, as equities tracked a rally in the U.S. and Europe.
The Topix rose 0.3 percent to 1,547.30 at the close in Tokyo for the final trading day of 2015. That brings the measure’s annual advance to 9.9 percent, extending a 93 percent climb over the past three years. Trading volume was 24 percent below the 30-day average. The gauge rose for a third straight day, giving it a 9.7 percent increase for the quarter. The Nikkei 225 Stock Average added 0.3 percent to 19,033.71. The yen traded at 120.38 per dollar, up less than 0.1 percent.
The Standard & Poor’s 500 Index jumped 1.1 percent on Tuesday to restore its gain for the year and nearly erase a monthly decline as retailers and technology shares led a rally in light trading. The Stoxx Europe 600 Index climbed 1.4 percent.
Source : Bloomberg