Markets rise, US economy adds 559,000 jobs

Markets were mostly higher on Friday.

The S&P 500 rose 0.9 percent, the STOXX Europe 600 rose 0.4 percent and the Shanghai Composite rose 0.2 percent.

A report on Friday showed that the US economy added 559,000 jobs in May, higher than the upwardly revised 278,000 gain in April. The unemployment rate fell to 5.8 percent from 6.1 percent.

John Briggs, global head of strategy at NatWest Markets, described the report as a “goldilocks for risk” as it is “not too hot to bring in the Fed and not too cold to worry about the economy”.