European stocks see worst day of 2013 on U.S. jobs miss

LONDON Fri Apr 5, 2013 9:34pm IST

A businessman walks past a sign on a construction site in the financial district of the city of London August 19, 2011. REUTERS/Chris Helgren/Files

A businessman walks past a sign on a construction site in the financial district of the city of London August 19, 2011.

Credit: Reuters/Chris Helgren/Files

Related Topics

Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

LONDON (Reuters) - European shares fell on Friday to post their biggest daily fall of the year so far after U.S jobs figures came in much worse than expected.

The FTSEurofirst extended falls when the U.S. non-farm payrolls figure came in below even the rumoured weaker numbers that had circulated in morning trade, and which had triggered a breach of chart support for Germany's DAX.

U.S. employers hired 88,00 workers in March, under half the consensus figure from a Reuters poll of 200,00 and the slowest pace in nine months.

"It's a bad number, much worse than consensus or the whisper numbers that were being circulated," Joshua Raymond, strategist at City Index, said, referring to market talk of a non-farm payroll reading as low as 120,000.

By the provisional close, the FTSEurofirst was down 1.5 percent at 1,162.76 points, led by the travel and leisure sector, down 3.5 percent, amid concern about the impact on sales of a fresh outbreak of bird flu in Asia.

(Reporting by Alistair Smout)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Top News

REUTERS SHOWCASE

Kerry's India Visit

Kerry's India Visit

Kerry presses India on WTO deal ahead of arrival  Full Article 

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Lupin Results

Lupin Results

Q1 net profit up 56 percent on higher U.S. drug sales   Full Article 

L&T Slumps

L&T Slumps

L&T earnings raise 'multiple red flags' - Citi  Full Article 

Twitter Results

Twitter Results

Twitter assuages growth concerns for now as shares soar 35 percent  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Fed Meeting

Fed Meeting

Fed seen trimming bond buys, could offer vague rate clues  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage