Jobs surge sends stocks higher

European and US stock markets advanced Friday on data showing a surge in new job creation in the United States last month, but the dollar slumped as it didn't boost the case for a quick hike in interest rates. While the job creation rate was considerably higher than the average in recent months, "the bad news was that wage growth was virtually non-existent and the unemployment rate was higher than thought," said Neil Wilson, senior market advisor at ETX Capital. The US Federal Reserve on Wednesd