LONDON - pay U.S. surprisingly low survey were weighed on the stock market Wednesday as investors gear up for the Government official report of jobs by the end of the week. The euro remained during this time, nearly three-week highs against the dollar on hopes that Greece will help with its debts.
At the beginning of each month, investors have a series of U.S. economic indicators to digest, especially monthly non-farm payroll data, which often set the tone for a week or two after their output markets.
Investor sentiment was shaken by news on Wednesday of the firm of ADP payroll that employers in the private sector added only 38 000 jobs in the month. It was much lower than the 175 000 planned in markets.
Figures strengthening fears that economic recovery in the United States running quickly steam and that the officials of the Government of Friday data can come in lower than expected. Before ADP figures, the consensus on the markets of the data of the Government of this Friday will show that approximately 200 000 jobs have been added in may, slightly down on the increase of 244 000 from April.
"It is a very weak result and involves considerable risks to figure of non-agricultural Friday, said Jennifer Lee, an economist at BMO Capital markets.
Concerns about the US economy have combined with Europe's debt crisis, particularly if the Greece will get more loans for emergency, weigh on the stock markets in recent weeks.
Additional indices on the restoration to the United States come later when the Institute for supply management publishes its may survey in the survey of manufacturing. The release is considered a tonnage of high level of economic activity in the United States. The market consensus is that the main indexes of the ISM will drop to about 57 60.4 for the previous month
Report low ADP, future Wall Street turned sharply lower, pushing stocks in Europe, down too.
In Europe, the FTSE 100 index leading British shares was by 0.4% to 5,964 while Germany DAX fell 0.5% to 7,256. The CAC 40 in France was 0.3 per cent less than the 3,993.
Wall Street was ready for losses similar to the open - future Dow fell 0.4% to while in the broader Standard & Poor 500 futures fell by 0.4% to 1,338.
ADP figures also had an impact in the foreign exchange market, pushing the dollar lower, particularly against the yen. Weather afternoon in London, the dollar was from 0.6 per cent below to 80.55 yen.
The dollar was a little better the situation against the euro, trade flat at $1.4431.
The euro has been a strong run in the past some commercial sessions on expectations that the Greece will obtain the assistance of its partners in the euro area and the Monetary Fund International to meet the commitments of funding through 2013. Alongside a second plan of following European billion rescue package last year loans, Greece should be increase its privatisation programme and make it more austerity cuts.
Some analysts, however said a second rescue plan would prevent necessarily a debt restructuring Greek to the bottom of the line, held forecasts of low economic growth and political infighting.
"We remain skeptical that the modest rebound in the perception of risk last week will prove to be sustainable beyond short term especially optimism renewed on the Greece where a rehash of previously failed support measures will fail probably once again," said Lee Hardman, a strategist at the Bank of Tokyo-Mitsubishi UFJ money.
Earlier in Asia, Nikkei 225, the Japan has increased 0.3 percent close to 9,719.61 after the Japan Bank Governor Masaaki Shirakawa, said in a speech that provide and electricity shortages caused by the earthquake on March 11 and the tsunami have been relaxed. The economy could set up a resumed moderate from the second half of the fiscal year 2011, he said.
In addition, index of Korea of South ABN dragged less than 0.1% to 2,141.34 after the Government announced the country inflation rates facilitated for a second straight month in may, at 4.1%.
Index Hang Seng Hong Kong derived 0.2% lower 23,626.43 while Composite of mainland China Shanghai index fell by 0.3 per cent after data showed manufacturing China relaxation in April. The Federation of China logistics and purchasing affiliated with the State reported that its index of managers to purchase or PMI fell to 52.9 in April, 53.4 in March.
S & P/ASX 200 the Australia did not retain the gains and closed flat at 4,707.30.
In oil markets, the price of crude oil continued to float around $100 a barrel mark. Oil reference for July delivery fell 1 cent to $102.69 US per barrel in electronic trade on the New York Mercantile Exchange after a more than $2 gain on Tuesday.
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Pamela Sampson in Bangkok contributed to this report.
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