European markets fell on the 6th, with stocks and the euro weakening. EUR/USD was in the 1.113 range, while USD/JPY rose to the mid-158 range, and the FTSE 100 and DAX fell sharply.
The euro weakened against the dollar in European markets, with selling intensifying as the market followed the trend in Tokyo. US employment data exceeded expectations for nonfarm payrolls, the unemployment rate and average hourly earnings, affecting the movement of long-term yields. The euro consequently extended its decline against the dollar, falling temporarily to $1.1131.
USD/JPY strengthened as the yen weakened against the dollar early in the session. Following the strong US employment data, the pair rose above ¥158.50 to around ¥158.58, but later fell back to around ¥158.00 as long-term yields declined.
Equity markets continued to decline in London and Frankfurt. A risk-off mood spread against the backdrop of a global decline in technology stocks, and stocks were sold across the board. European equity indexes also remained weak.
European bond markets fell. Movements in euro-area and UK government bond yields also remained a focus for the market. In addition, European bond markets moved in tandem with the decline in equities.
The Eurogroup formally announced 2 candidates to succeed Lagarde as ECB president: Spain's Pablo Hernández de Cos and the Netherlands' Klaas Knot.