Don't miss

Replay


LATEST SHOWS

REVISITED

After key battle, Syrian town of Kobane looks to the future

Read more

THE INTERVIEW

'War is not an option,' says former FARC guerrilla leader

Read more

EYE ON AFRICA

Madagascar political crisis: top court orders formation of unity government

Read more

MEDIAWATCH

Ireland's abortion referendum

Read more

THE WORLD THIS WEEK

Weinstein in court; Ireland abortion vote; Italy's populist takeover

Read more

YOU ARE HERE

Sugar and spice: The flavours of the French Caribbean

Read more

FRENCH CONNECTIONS

The French are so rude! Or are they?

Read more

ENCORE!

The writing's on the wall: Revolutionary posters from May 68

Read more

REPORTERS

'We heard there might be a civil war': May 68 seen from abroad

Read more

Europe's markets drop on US job loss news

Latest update : 2008-12-05

After figures revealed the US economy lost more than half a million jobs in November, European markets showed sharp losses on Friday, with the London FTSE, the Paris CAC and Frankfurt DAX all losing between two and five percent.

AFP - European markets showed sharp losses on Friday, with the downturn accelerating after figures showed the US lost more than half a million jobs in November.
  
The London FTSE 100 index showed a loss of 2.74 percent after the data was published before pulling back slightly to show a fall of 2.37 percent to 4,064.97 points.
  
In Paris, the CAC 40 was down 4.46 percent to 3,020.16 points while in Frankfurt the DAX index lost 3.47 percent to 4,406.03 points.
  
The Vienna stock exchange's blue-chip ATX index was showing a loss of 5.07 percent or 89.39 points to 1,673.58 points.
  
The US economy lost a stunning 533,000 jobs in November and the unemployment rate jumped to a 15-year high point of 6.7 percent, the Labor Department said Friday.
  
The monthly report on non-farm payrolls, seen as one of the best indicators of economic momentum, highlighted the severe retrenchment by companies in the face of a struggling economy and tight credit.
  
The number of job losses was much higher than the 325,000 expected by private forecasters.
  
The report also included a sharp upward revision in the number of job losses in the prior two months: October saw a loss of 403,000 jobs (up from an earlier estimate of 240,00) and September job losses were revised up to 320,000 from 284,000.

Date created : 2008-12-05

COMMENT(S)