Tuesday, April 10, 2012

European stock markets down on first chance after Easter break to react to poor US jobs report

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4/10/12, "European stock markets slip on growth fears," BBC

"European stocks fell in early trading as investors were given their first chance after the Easter break to react to Friday's disappointing US jobs data....

Figures released on Friday by the US Labor Department showed the smallest growth in employment in five months.

The US economy added 120,000 jobs during March, less than the 200,000 widely predicted by analysts.

The figures raised fears about the strength of the recovery in the US economy.

"Opening losses for European stocks markets this morning are suggestive of the heavy, negative overhang from last Friday's disappointing US payrolls report," said Jane Foley at Rabobank International.

On Tuesday, official data released by China also raised questions about the strength of the world's second-largest economy."...

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