Investors' expectations for a U.S. interest rate cut increased after strong job growth data for November. Nonfarm payrolls rose by 227,000, surpassing the 36,000 jobs added in October. Economists had predicted an increase of 200,000 jobs.

Despite the job growth, the unemployment rate ticked higher due to a decline in the participation rate. The euro weakened against the dollar amid political turmoil in France. These developments are being closely monitored by investors for their impact on monetary policy and economic stability.

Futures markets now indicate an 85% probability of the Federal Reserve reducing rates by 25 basis points at its upcoming meeting on December 17-18, up from 68% earlier in the day.