Turning to Europe, regional indexes retreated as investors sold shares in companies vulnerable to changes in U.S. monetary policy. In addition, the rise in the dollar meant that investors turned away from commodities, sending metal futures sharply lower on Friday and again on Monday
The U.S. Dollar Index (DX/Y) rallied roughly 1.6% to trade at 75.82 late on Friday, with the index logging a gain of about 1.1% for the week. In fact, the session marked the dollar's biggest single-session gain since June, as traders reacted to a better-than-expected U.S. jobs report. The data raised expectations for a stronger U.S. recovery that could prompt the Federal Reserve to hike rates earlier than some had forecast