Friday 5 July 2019

Stocks fall as strong US jobs data cloud hopes for rate cut

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Stocks fall as strong US jobs data cloud hopes for rate cutStock markets slid Friday as better-than-expected non-farm payrolls data in the United States clouded investors' hopes for steep cuts in interest rates in the world's biggest economy. Among Europe's leading blue-chip indices, Frankfurt's DAX, Paris's CAC 40 and London's FTSE all ended the day over half a percent lower. On the other side of the Atlantic, Wall Street similarly lost around 0.5 percent in midday trading.




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