(RTTNews) – European stock markets closed lower on Friday after US Labor Department data showing a stronger-than-expected increase in US non-farm payrolls in September raised concerns that the Fed will continue its aggressive rate hikes in the coming months. . Disappointment in the Eurozone Economic data also affected sentiment. The pan-European Stoxx 600 drifted 1.18%. Germany’s DAX was down 1.59%, France’s CAC 0 was down 1.17% and Britain’s FTSE 100 was down 0.09%, while Switzerland’s SMI was down around 0.8%. Austria, Belgium, the Czech Republic, Denmark, Finland, Ireland, the Netherlands, Poland, Portugal, Russia, Spain, Sweden remained with modest losses from other European markets Greece and Iceland, Norway and Turkey were larger. , Data from the US Labor Department showed that nonfarm payrolls rose by 263,000 jobs in September, following an unrevised increase of 315,000 jobs in August and 537,000 jobs in July. Economists had expected employment to increase by 250,000 jobs. The Labor Department also reported that the unemployment rate fell to 3.5 percent in September from 3.7 percent in August, while economists expected the unemployment rate to remain unchanged. In , UK markets, Ocado Group fell 5.78%. JD Sports Fashion, Kingfisher, Taylor Wimpey, Scottish Mortgage, Next, Ashtead Group, Persimmon, Unite Group, RS Group, Barratt Developments, Croda International and Frasers Group lost between 3 and .2 per cent. Centrica rose by 3.65%. BAE Systems fell 3. 7% and Imperial Brands rose around 2. %. AstraZeneca, BP, IAG, GSK, Shell and British American Tobacco rose 1. -2%. Superdry jumped 11%. The British fashion brand is back on track after losses caused by the pandemic. In Paris, Dassault Systemes fell more than 6% and STMicroElectronics 5.2%, while Legrand, CapGemini, Teleperformance, Schneider Electric, Saint Gobain, Vivendi, LVMH, Michelin, Hermes International, Veolia, Accor and Atos decreased 2. . % Renault rose almost 5%. WorldLine and Carrefour were both up around 2%. Sanofi, ArcelorMittal and Unibail Rodamco also closed overnight. In the German market, HelloFresh, Adidas, Puma, Sartorius, Zalando, Vonovia, Deutsche Post, Infineon Technologies, Fresenius, Deutsche Wohnen, Siemens, Daimler and HeidelbergCement lost 2-5.3%. In Switzerland, Credit Suisse rose 5.2 percent after the Swiss lender said it would buy back up to 3 billion Swiss francs ($3 billion) in senior debt. In European economic news, survey data from Lloyds Bank’s Halifax branch shows that UK house price inflation slowed for the third consecutive month to an eight-month low in September. The housing price index rose by 9.9% year-on-year in September, which is slower than the 11. % of the previous month, the data revealed. , The number of UK apprentices grew at the weakest pace in more than a year and a half in September, as growth was held back by uncertainty about the economic outlook and a lack of applicants, the latest SandP Global jobs report by KPMG and REC showed. Official data from Destatikens showed that German industrial output fell more than expected in August, as raw materials and supply chain bottlenecks continued to hamper operations in many industries. In August, retail sales also weakened, showing that household consumption grew weakly due to rising energy prices. Industrial production fell 0.8% in August after remaining flat in July. A 0.5% drop in production was predicted. Industrial production increased by 2.1% year on year, while in July there was a decrease of 0.8%. France’s foreign trade deficit widened in August compared to a year ago, as imports grew faster than exports, according to data published by the Customs Board on Friday. The trade balance deficit clearly increased to 15.30 billion euros in August from 6.61 billion euros in the corresponding month last year. In July, the deficit was 1 .78 billion euros. Switzerland’s unemployment rate fell slightly to 1.9 percent in September from 2 percent in August, the state secretary of the SECO economic ministry said on Friday. Economists expected the interest rate to remain unchanged at 2 percent. In the same month last year, the unemployment rate was 2.6 percent.