[Politics]European stocks close lower as U.S. jobs data disappoints

[Ronaldskk.]

 

Euro zone business activity remained robust in August despite the impact of the Delta variant of Covid-19 and broad supply chain problems, according to Friday's PMI readings.

U.S. nonfarm payrolls increased by just 235,000 across the month of August, well short of the 720,000 new hires projected by economists surveyed by Dow Jones.

LONDON — European markets closed lower on Friday as investors reacted to key economic indicators out of the euro zone and the U.S.

 

TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME 

.FTSE FTSE 100 FTSE 7138.35 -25.55 -0.36 499092316

.GDAXI DAX DAX 15781.20 -59.39 -0.37 40901228

.FCHI CAC 40 Index CAC 6689.99 -73.09 -1.08 63290160

The pan-European Stoxx 600 provisionally closed 2.58% down, with basic resources adding 2.32% while travel and leisure stocks slid 2.33%.

 

 

Shares in Asia-Pacific were mostly higher on Friday, with Chinese stocks declining over concerns about slowing growth, while Japanese markets surged after Prime Minister Yoshihide Suga said he will not be running in the upcoming leadership election.

 

Stateside, stock futures fell at the open after a hugely disappointing August jobs report from the U.S. Labor Department. Nonfarm payrolls increased by just 235,000 across the month, well short of the 720,000 new hires projected by economists surveyed by Dow Jones.

 

The Dow Jones Industrial Average fell about 107 points, or 0.3%. The S&P 500 was slightly negative, while the tech-heavy Nasdaq Composite rose about 0.2%.