LONDON 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)
Trending On Reuters
At a campaign rally in a north Indian city, a visibly drunk election worker from Prime Minister Narendra Modi's nationalist party climbs unsteadily onto the stage after being called to speak. Full Article