Europe Waits for U.S. Jobs Report, But Banco Santander Takes Overnight Action to Bolster Capital

European markets claw back some of Thursday’s gains, as traders wait for the latest U.S. non-farm payroll figures. They’re watching for any result that could push the Fed to raise interest rates sooner than the middle of the year. Spain’s Banco Santander falls 10% as its new executive chair Ana Botin raises $9 billion and slashes dividends. U.K. house builders slide as the country’s housing market rally shows more signs of slowing and construction figures disappoint. British property and casualty insurance underwriter Catlin Group accepts a $4.2 billion offer from U.S. insurer XL Group.

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