40890
World Stocks Lower
World Economy

World Stocks Lower

Stock markets slid sharply on Friday and the dollar fell after US non-farm payrolls numbers came in well short of forecast, adding to concerns over the pace of economic growth that have weakened investors’ appetite for risk globally.
Futures prices showed Wall Street set to open as much as half a percent lower ESc1 while stock markets in Europe deepened morning falls, sending global indices towards their worst weekly losses since early February, news outlets reported.
Earlier Asian markets had fallen by as much as 2-3%, helping prod the MSCI world index some 2% lower on the week, a reflection of the gloom which has begun to grip global investors again.
Japan’s benchmark Nikkei 225 lost 0.3% to close at 16,106.72 as Tokyo resumed trading after the three-day “Golden Week” national holidays. Australia’s S&P/ASX 200 edged 0.2% higher to 5,292.00, while Hong Kong’s Hang Seng index slipped 1.7% to 20,109.87. The Shanghai Composite sank 2.8% to 2,913.25. Markets were closed in South Korea for a national holiday.
France’s CAC 40 fell 1.6% to 4,251, and Germany’s DAX lost 1% to 9,754. Britain’s FTSE 100 was 0.9% lower to 6,063. US shares were set to drift lower with Dow futures down 0.6% and S&P 500 futures down 0.6%.
The dollar, battered by the collapse since February in expectations for rises in US interest rates this year, handed back all of the day’s gains against the euro and a basket of currencies to stand roughly 0.3% lower.
The euro fell to $1.144 from $1.149 and the dollar declined to 106.52 yen from 107.10 yen.
Benchmark US crude oil lost 45 cents to $43.87 a barrel in electronic trading on the New York Mercantile Exchange. It gained 54 cents on Thursday. Brent crude, used to price international oils, was down 75 cents at $44.26 a barrel in London.
The report showed the US economy added the fewest number of jobs in seven months in April, only 160,000 compared to expectations of around 200,000.
“The labor market has been a shining beacon compared with other elements of the US economy for the past few months, but no longer,” said Dennis de Jong, managing director of London based broker UFX.com.
“Today’s figure has come in disappointingly low.”
The slower pace may raise uncertainty over the economy’s growth, though wages showed signs of picking up. Overall, the data suggests the Fed may be marginally less likely to raise its interest rates again next month.

Short URL : http://goo.gl/U8Tl7Q
  1. http://goo.gl/ZLw7Qn
  • http://goo.gl/92Gd03
  • http://goo.gl/WuJ9Lt
  • http://goo.gl/XtJ1F3
  • http://goo.gl/50XSM8

You can also read ...

Venezuela Devalues Currency by 95 Percent
Venezuela devalued its currency by about 95% ahead of the Aug...
The average annual salary for K–12 public-school teachers is roughly $58,000, and they typically spend a sizable chunk  of that on classroom supplies integral to their jobs
Airbnb, the popular platform that lets people rent out their...
Nigeria CB Reports $91b FX Inflow in 2017
The Central Bank of Nigeria, said the aggregate foreign...
S&P, Moody’s Lower Turkey Ratings
Two major global ratings agencies lowered Turkey’s ratings Aug...
Egypt Keeps Rates Steady
Egypt’s central bank left its main interest rates unchanged,...
Argentina Says Poverty to Rise as Economy Slumps
More Argentines are likely living in poverty now compared with...
China News Apps Co. Files for US IPO
Chinese content aggregator Qutoutiao Inc, which is backed by...
Long Road to Greek Recovery
On Monday, Greece exits the third and final bailout program of...

Trending

Googleplus