US jobs data lifts dollar, yields

NEW YORK: Expectations of more Greek debt drama drove European stocks lower on Friday as German Bunds posted their worst weekly losses since 1999, while a sharp pick-up in U.S. jobs growth led the dollar to a 13-year high against the yen.

Uncertainty over Greece weighed on sentiment in Europe, but a surprisingly strong U.S. labor market report for May pared European equity losses and lifted Treasury yields. Wall Street cut its losses after opening lower.