European shares extend fall after US jobless claims

PARIS Thu Nov 15, 2012 1:38pm GMT

PARIS Nov 15 (Reuters) - European stocks extended their losses on Thursday after higher-than-expected U.S. weekly jobless claims rattled investors.

Data showed initial claims for state unemployment benefits rose 78,000 to a seasonally adjusted 439,000, well above the median forecast in a Reuters poll of 375,000.

At 1335 GMT, the FTSEurofirst 300 index of top European shares was down 0.8 percent at 1,079.69 points. The index was down 0.6 percent before the data was released.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.