LONDON - Stocks slipped Friday after figures showed United States generated far fewer jobs scheduled in may - another sign that slows down recovery in the largest economy in the world.
The Ministry of labour reported that only 54 000 jobs have been created in the month and the unemployment rate increased by 0.1 percent to 9.1% point. The number of jobs created is much lower than the 165 000 planned in markets and represents the lowest job creation since last September.
Analysts said that the figures provided more compelling evidence to the idea that economic recovery in the United States is running of steam.
"The job data confirmed worst fears of the market slowdown marked economic activity within the United States, where a report can be invoked," said Alan Ruskin, an analyst with Deutsche Bank.
After the publication of the figures, European markets gave up their gains and sank deeply into the negative territory while already downbeat predictions for the US open have been reduced still further.
In Europe, the FTSE 100 index leading British shares was down 0.6% at 5,811 while Germany DAX fell 0.5% to 7,035. The CAC 40 in France was 1.1% less than the 3,847.
Wall Street was ready for losses sharp to open it too - future Dow fell by 1.2% to 12,088 while the broader Standard & Poor 500 fell 1.3% to 1,295.
In the currencies market, the dollar has fallen sharply, particularly against the yen, after publication of the figures.
By mi London time, the afternoon the euro was higher at $1.4490 of 0.1%, while the dollar was 0.9 per cent below to 80.13 yen.
Investors, especially in the currency and bond markets also expect a key of the economic situation of the Greece later evaluation and if the country gets more time to get a handle on its debts, even if it is difficult to meet the commitments it made the year last in exchange for a package of rescue (159.1 billion) billion of European partners in the European Union and the Monetary Fund International.
"All financial markets are concerned for the moment is having this problem pushed again in the future," said Derek Halpenny, European head of research world of currency to the Bank of Tokyo-Mitsubishi UFJ.
The European Union, the European Central Bank and the IMF - collectively known as the troika - are summary of the review of the implementation of the Greece of economic reforms and a declaration is due later. This will be crucial to determine that if the Greece will receive a fifth instalment, a value of euro12 billion rescue loan agreed last year.
The Greece has so far received euro53 billion of its rescue deal in May 2010.
Earlier in Asia, he y a few positive signals in the period prior to employment data.
Index Nikkei 225 closed Japan 0.7 percent to 9,492.21, while ABN Korea South declined by 0.7% in 2,113.47. Hong Kong Hang Seng dropped by 1.3% to 22,949.56.
Actions Chinese 苏童 advanced, however, as investors pull bargains following recent selloffs.
Index Composite of Shanghai gained 0.8 per cent to 2,728.02, then the Composite's Shenzhen index increased 1.7% to 1,124.32.
In oil markets, a barrel of crude oil continued to float around the $100 mark. Oil of reference for July delivery fell 71 cents to $99.69 US per barrel in electronic trade on the New York Mercantile Exchange.
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Pamela Sampson in Bangkok contributed to this report.
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