Lower-than-expected U.S. employment gains in September raised expectations that the Federal Reserve will extend quantitative easing and lifted shares in Europe and the U.S. on Tuesday. The latest jobs reading "likely pushes Fed tapering further into the future and it seems likely we now have to get to March before we see a meaningful improvement in growth and employment enough to push the Fed into tapering asset purchases," Allan von Mehren, chief analyst at Danske Bank, said in a note.

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