Jobs

jobs: The pan-European index added to earlier losses after the U.S. nonfarm-payrolls report showed a less-than-expected gain of 173,000 new jobs last month, but looked otherwise strong as the unemployment rate fell to 5.1%. Global markets were keying on the jobs report as it comes before the Federal Reserve meets later this month to decide what next for U.S. interest rates, according to Market Watch. The current ultra-low rates have contributed to Wall Street six-year bull run. The Stoxx Europe 600 SXXP, -2.52% gave up 2.5% to end at 353.11, losing 2.8% for the week. U.S. stocks slid after the report. In Frankfurt, the DAX 30 DAX, -2.71% dropped 2.7% to end at 10,038.04, as the German index shed 2.5% for the week. The jobs report headline number certainly did not deter the market hawks from believing that rate increase was still very much on the Fed September agenda, said David Buik, market commentator at Panmure Gordon & Co., in emailed comments. (news.financializer.com). As reported in the news.