subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Sun, Nov 08 2009 

Resources

print this story   Print this story
  Post to del.icio.us

Published July 03, 2009 10:42 am -

European markets take breather with US on holiday


PAN PYLAS
AP Business Writer

LONDON (AP) — European stock markets steadied themselves Friday after big losses the previous day, when weak U.S. jobs data reinforced doubts about recovery in the world's biggest economy. Wall Street was closed for the Independence Day holiday.

The FTSE 100 index of leading British shares was up 22.70 points, or 0.5 percent, at 4,256.97, while Germany's DAX fell 8.96 points, or 0.2 percent, to 4,709.53. The CAC-40 in France was 3.12 points, or 0.1 percent, higher at 3,119.53.

Earlier, Asian markets mostly fell but the losses were tame compared to those recorded on Wall Street on Thursday after the payrolls data, which showed U.S. employers slashed 467,000 jobs in June — 100,000 more than anticipated.

That was also the first increase in monthly jobs losses since January.

"Yesterday's U.S. jobs data contained plenty of bad news and put a big question mark over the 'green shoot' thesis that we are through the worst and that economic recovery is around the corner," said Neil Mackinnon, chief economist at ECU Group.

Equities rose from the middle of March until the start of June on hopes that the U.S. economy in particular will recover from recession sooner than anticipated. Many investors saw stock valuations as particularly cheap and started buying. But bad economic news over the last few weeks brought an abrupt end to the rally and altered the general mood prevailing among investors.

Nevertheless, stocks around the world still managed to achieve one of the best quarters in years during the second quarter. The S&P 500 index in the U.S. rose around 16 percent during the quarter, its best performance since 1998, amid hopes of a global recovery despite worries about the banking system, public finances and the length and depth of the recession.

Trading has been subdued as the U.S. has a day off ahead of Saturday's 4th of July celebrations and many in London focused on the Wimbledon tennis championships semi-finals, where Andy Murray faced American Andy Roddick in an attempt to become the first Briton for 71 years to make the final.



print this story    email this story   






autoconx
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide


Premier Guide

Premium Jobs

5306-Part Time Position

PART-TIME POSITION
LIBRARY CLERK
Q. B. Boydstun Library
Fort Gibson
Qualification: High school
...>MORE

5323-Delivery Driver


DELIVERY DRIVER
Eufaula, Oklahoma
Starting pay $14.50 hr
+ incentive pay

- Must ha
...>MORE

5366-Kat Daddy's
Kat Daddy's Bar & Grill now hiring for all positions. Experienced only. Apply in person at 501 N. Main, Suite 68 between...>MORE

5334-Nurses
Nurses
Checotah
Nursing CENTER
Is looking for
Nurses who are motivated, self starters, with good su
...>MORE

5354-Hospital Openings
HOSPITAL OPENINGS
Okmulgee Memorial Hospital, Inc. is accepting applications for the following positions:

...>MORE

See all ads

Premium Autos

5335-2008 Yamaha
2008 Yamaha Rafter 700 SC Red & White, $6,000 - 2007 Yamaha Rafter 700 Blue - $5,000 or both $10,000 OBO. Great conditio...>MORE

See all ads

Premium Extras

5296 black yorkie poo's
Black Yorkie Poo's, 3 females, 2 males, $250. ea 918-683-4987....>MORE

5368-Angus Bulls
Angus Bulls & Angus Sired Open Heifers.
R P Angus at Checotah
918-685-8279 or 473-6628
...>MORE

5330 1996 dodge slt
1996 Dodge SLT 2500, 4x4, ext cab, long bed, cummins diesel, auto trans.,loaded, cold AC, great for work $6500. OBO. 19...>MORE

5360 2005 chrysler
2005 Chrysler 300 C, black ext., fully loaded with options 22,800 miles, new tires, 1 owner & in excellent cond. $19,500...>MORE

5364 2001 bass tracker
2001 Bass Tracker, pro crappie, 175, w/2003, 40hp mercury,power tilt, & trim, 2 life wells & 2 bait wells,fish locater,m...>MORE

See all ads


 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2009. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index