Financial Digest

European stocks slightly higher as investors await U.S. payrolls data; Philips down 10%

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European stocks moved slightly higher on Friday as market participants brace themselves for U.S. jobs data later in the session.

Philips shares tumbled 10% in early deals after the U.S.

Food and Drug Administration said it is not satisfied with the status of the Dutch health care technology company's long-running product recall. At the top of the Stoxx 600, Aviva climbed 6.7% to lead a broad rally for insurance stocks. - Elliot Smith

 

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