European stocks rose and Wall Street looked set for a lift on Friday after modest U.S. jobs data failed to shake financial markets more than momentarily.
U.S. Treasuries initially sold off sharply but then settled back following the U.S. Labor Department report that 157,000 new jobs were added to U.S. payrolls in December, fewer than the 175,000 economists had predicted.
The dollar slipped against the euro and yen.
U.S.-based economists said the jobs figure was close enough to expectations not to cause too great a stir and any disappointment was partially offset by upwardly revised data for the previous month.