Stocks extend losses after U.S. jobs data

Thu Jul 2, 2009 2:40pm BST
 
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LONDON (Reuters) - World stocks extended losses while government bonds rose on Thursday further after a closely-watched report showed the U.S. economy lost a bigger-than-expected 467,000 non-farm payroll jobs in June. MSCI world equity index was down 0.6 percent. The FTSEurofirst 300 index fell 1.2 percent while U.S. stock futures were down about 1 percent, pointing to a weaker open on Wall Street.

U.S. crude oil fell more than 2.3 percent to $67.73 a barrel.

The September bund futures were up 25 ticks while the yield on 10-year U.S. Treasuries was down 15 ticks as prices rose.

The dollar gained half a percent against a basket of major currencies. U.S. short-term rate futures jumped as investors trimmed chances of a Federal Reserve interest rate hike.

(Reporting by Natsuko Waki)

 
A dealer works on the trading floor shortly after the U.S. markets opened, at CMC Markets in London October 3, 2008. REUTERS/Toby Melville
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